With record numbers of new COVID-19 cases sweeping across the U.S., it is possible that one (or more) of your tenants will be diagnosed with it. If this is the case, there are some things you should do in order to help keep yourself and other tenants (if applicable) safe.
First, it is important to advise any other tenants that you have in the same location about the positive diagnosis. Any staff members, such as maintenance employees, should also be told about the situation.
In addition, it is advisable that you limit any of the “non-essential” services that your property offers. For instance, if there is a gym in the building, it should either be closed temporarily, or limited to just a few people at a time.
If a tenant is unable to work (and in turn, not able to pay their rent) due to the COVID-19, The Centers for Disease Control and Prevention (CDC) has extended its temporary eviction moratorium through December 31, 2020. This prevents landlords from evicting tenants until that time – unless the order is extended going forward.
In order for a tenant to qualify for this, though, there are several requirements that they must meet, including:
- Completion of a declaration that states they meet the specific eligibility requirements (note that each of the adults who are listed on the lease should also complete this form)
- Knowledge that they could still be evicted for reasons other than non-payment of rent
Operating residential real estate can be a full-time job – especially during times like these where there are new pandemic-related rules and requirements that must be communicated to tenants.
If you would rather hand over these tasks to someone else, it may be time to talk with an experienced property manager. So, if you own rental property in Central Florida, give us a call to learn more about how we can make your life easier while still receiving regular income from your rentals.