Not able to pay your rent because of a job loss during covid?
Good news for tenants… Landlords are not allowed to evict you!
Meanwhile, the landlords with mortgages are having heart attacks!
You worked hard to build up enough money to invest in real estate. You understand the value of owning land, and especially in building a future nest egg in the equity.
But what do you do if the renter stops making rent, and you’re not allowed to go find a new renter?
What protections do you have when your mortgage company comes after you?
The Governors office has put together a relief fund, specifically for landlords who have found themselves to be in the negative with missed rents but still paying their mortgages.
I’ll go ahead and let the Arizona Association of Realtors explain the details.