Handle9: I just talked to my tenant. The company he works for is only able to pay him the government support benefit.
We will be supporting them with significantly reduced rent. If you have tenants and are in a position to help please talk to them about their situation.
That’s an awesome thing to do. Hopefully other landlords in a position to do the same, will.
Yes it is an awesome thing to do. The problem for some landlords is that the rent was possibly covering the mortgage, and they may have been relying on future capital gains. So if they are not getting the income to cover it, then they could be out of pocket each week, and not sure if insurance would cover this? I am not a landlord myself, but my parents ave been in the past and it can be hard. All affected landlords should talk to their banks IMO if they might struggle to service the mortgage, if a tenant can't pay enough.