Rent to rent and Coronavirus – What if my tenants can’t pay rent?

013  - Today we’re discussing what to do if your tenants can’t pay rent. Like many landlords,you might be concerned about how to manage your finances while we’re in lockdown due to Coronavirus. Many businesses have closed, many people have been laid off and many of your tenants may not be able to pay their rent.The government ban on evictions has been extended until 31 September which means that, for the moment, your hands are tied. Tenants have been made aware that they do not need to pay rent for the next few months and also that landlords have a ‘mortgage holiday’ (sadly a fantasy-land).So as a rent to renter, you have your rent to pay, perhaps income from your business or job has stopped, and now this. You want to support people genuinely in need while weeding out anyone who is trying to pull a fast one with a 6 month rent 'holiday'.What should you do?!Our 3 step process means you can be supportive, dodge those trying to play the system and keep your sanity! Click below to continue reading✅ https://rent2rentsuccess.com/13 ✅Support the show