How the Coronavirus Eviction Ban Impacts Landlords

How the Coronavirus Eviction Ban Impacts Landlords California Governor, Gavin Newsom, announced a statewide ban on evictions over nonpayment of rent for those affected by COVID-19. If you're a landlord concerned about the added financial burden during these times, here are some tips for the coronavirus eviction moratorium: Check in with your renters and set expectations 24 Most renters are still obliged to pay rent. Clarify the timing of the rent payment with your tenant. Only a renter who provides proper documentation to show financial hardship can defer rent payments for a certain period of time (varies by region). Request proper documentation from renters Require proper documentation of financial hardship from renters requesting for defer payment. The list of "circumstances" constituting a ban on eviction is broad. This new eviction moratorum is specifically referring to circumstances related to loss of income due to the coronavirus pandemic. Contact your bank to 24 discuss mortgage options Contact your lender to discuss due date extensions if you rely on rental income to cover monthly homeownership costs. Ask about deferring your mortgage payment if you are unable to earn your rental income due to a renter's nonpayment of rent. Defer your tax payments Ш Hold on to your money. The deadline to file and pay federal income taxes had been extended to July 15, 2020. You can also write-off most of your operating expenses for rental property such as property management fees, maintenance costs, and more. Check for financial aid from 2$ the US government The federal government has announced a $2 trillion economic stimulus package in response to the coronavirus. The IRS will directly deposit or mail a check to you for up to $1,200, depending on your individual or household gross income. 5:58 onerent.co Washington Ae Janes Logan ghSchanl Berger W Alvarado Niles Rt KaiSus Beat SART W Muuni Butet Onerent works real-time with landlords Break Tour Fast Wiiam Cann Ciic Center Park Ut Sheep Mangotian Ht Pe Bar Bay Gr Perry Rd during these difficult times via contactless leasing process, so they can easily lease their property while they shelter-in-place. Onerent Rental Analysis 776 Poplar Street, Santa Clara CA 95050 2 bedrooms | 1 bathroom | Apartment Lease your home on Onerent without having to break shelter-in-place restrictions. Renters can virtually tour any listing, apply for free, and even sign a lease without having to physically interact with others. Current Rent Price $3,400 + Radius Reached 0.5mi 2.5 Зmi Our Approach We want to lease your property at the best Fill vacancies fast. Start with rate possible, so we conduct a data-driven a free rent estimate today. analysis of the current rental market condition. To guide you in pricing your rental Read more https://www.latimes.com/homeless-housing/story/2020-03-27/coronavirus-newsom-eviction-ban-california? This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such. Consider obtaining legal advice from your attorney about any decision or contemplated course of action. Source: onerent.co/blog onerent License info: CalDRE #01967081 | WA DRE #19972 CO DRE #EC.100086611 Am