Those on the brink will fall off the cliff. Those with reserves can withstand the loss temporarily.

Evictions in California have been frozen. There is talk about extending the freeze. I have not seen any statistics on how many investors are behind in their payments but some of them may be facing eventual foreclosure or may be forbearance which is a different kind of problem.

The banks are bound by the virus too and what is good for the "goose" the tenants in this case is good for the "gander" owners of rental properties. The courts are back-logged is the injury and the insult is they are either running slower than ever before or temporarily closed. Litigation remedy is not available in most cases. NOTE: I have practiced hands-on caring and customer servicing with tenants because it is the right thing to do and in the doing of that, I have triggered the Universal law to be treated the same way thus rents are paid and things are worked out without courts, banks or (?) Its about people. Love thy neighbor and the golden rule is no myth

Too early to tell. Some bailout funds might be made available?

Thanks for the giggles.  I'm getting a late start this morning. Just sat down at the computer with coffee and logged in to AR ... and this is the first thing I read: 

Public; and certainly not ... well you know.  I just think it is funny. So thank you.

Well .... you know, I know, it is not anonymous. 

I do not have direct insight into investors' portfolios.  Those that I know are not having issues with non payment of rent. 

Hard to say. But I can think of 1 I personally know that may be on the edge

Annette,

Not seeing any numbers here...A

This remains to be seen. I have not heard of anyone's client yet experiencing this within our brokerage.

There's equity in most all San Diego, CA properties purchased 2015 and back, and many in the last 5 years have seen at least estimated 5% gain or 1.5% per year as a minimum. So, few if any need to foreclose.

There's many levels of fixes and or delays before foreclosure.

They'll just loan mod, business loan, hard money borrow or sell for gain, as will anyone principal or investment property alike...sell for a small to large gain and restart fresh.

Some who do not manage money well, or who are hit with an unforeseen event like medical, death, divorce, etc. will break even or distress sell, but the demand in our market will snap it up. 

I had a Navy client on the market at barely break even pricing that was kind of too high 3 years ago: multiple offers put a couple thousand in his pocket when selling at list or below would have cost him a few thousand to break even only.

I'm also hearing nothing of distressed property managers in the news or in the scuttlebutt.

I am seeing a few landlords in our town that may be losign their houses.

We have been very proactive since the beginning of this ordeal, keeping the communications open, making sure that our tenants know to come to us right away if they are having problems, and letting them know if they do get laid off that we may have some employment opps for them.

I know of a few Air BnB owners that have sold or are in the process thereof because of this.  Many I've heard overleverage based upon high occupancy and that if you can get a large family in there, you can make in a month or two what a regular rental does in a year.  There was a great episode on this in a Chicago based "flipper rescue" show.  They intereviewed some successful Air BnB operators out there and the numbers were astounding.  Had me considering it too!

Out of the last couple Sellers I've met with, that are looking to sell their investment properties, 1 of the 2 had non paying tenants due to Covid. They were letting them stay in hopes it would get better. 

Owning an investment property is a great and easy when times are great and people are working and able to pay their bills.  Replacing a tenant is quick and easy.  It takes a recession to let people know that there is another side of the coin.  Investors need to know the risks and have enough in reserve to make it through the hard time.  Fair doesn't matter or come into the equasion,

I'll say that's not really an effective poll but OK, I'll play along. 

We cannot evict tenants or have foreclosures in IL now until after 7/31 with an extension coming. In most instances that will be 4 months. I don't think the novice investor will be able to handle it.

I'll ask a friend that does prop mgmt & see what he says. I don't have multi-investors.

Some will. However, there will be many more foreclosures relating to owner occupants.

Looking at it from the commercial rental side, they have been hit hard. Stores that had to close for a couple of months made deals for half of the rent from what I heard. Landlords who were hard nosed have been left with an empty space because tenants could find other (in many cases, better) locations with landlords giving deals.  One friend of mine who has a skin care place, STILL can't operate and the landlord is not giving an inch. So she stopped paying entirely. We will see what the outcome of that will be. Building owners, too, have it tough. One friend just passed away, the stress of a huge mortgage and two tenants moving out was probably too much for him.  There's a lesson in that: don't leverage to the max! When something like this happens, there may not be many options to keep the house of cards going. Sad.  On the other hand and probably not surprising, real estate sales are booming!!

I don't expect foreclosures in my market by investors.  Rents seem to be being paid.  Really no reason for them not to be with unemployment beneifits if people were out of work for a while.