The post What to Do if You Can’t Afford Rent Payments Due to Coronavirus? appeared first on Juniper Springs A Concierge Community Blog.
]]>For the 36 percent of Americans that are renters, the virtual national business shutdown due to the COVID-19 pandemic crisis is hitting hard.
With an estimated 10 to 20 million people out of work, innumerable citizens are or will soon be struggling to pay their rent on the first or 15th of the month.
Housing is the No. 1 monthly expense for most people. So, amid the spread of this novel coronavirus, rent payments may be difficult to come by.
If you're having trouble paying your rent — or fear you soon will be — you can follow these steps to meet your lease obligations.
Communicate with your landlord if you can't pay your rent
For many, even the combination of unemployment compensation and government assistance isn't enough to cover the rent along with other bills. The best plan is to discuss your situation with your landlord or property manager and come to an agreement together. And regardless of what you need or the solution you may be able to come to with them, the first step is to be honest, open and upfront with them.
And your best course of action is to get ahead of the problem. Don't wait until your rent is due to spring your need for help. Give your landlord or property manager as much notice as you can, which gives them more time to put a plan into place and also shows your willingness to follow any agreement and that you're acting in good faith.
Of course, if possible, do all this by email or phone. Don't make an unnecessary trip to the property manager's office if you can avoid it, for your safety and theirs. Chances are, they are working remotely anyway.
Ask if you can restructure your payments
The most feasible arrangement to offer your property manager is a reasonable payment plan. Present them directly with a plan based on your current needs and limitations.
- Show your need by providing documentation or proof of the severity of your financial situation. The more you have the better, whether it's a memo from your employer indicating the length of your layoff or a copy of your unemployment compensation application. Don't be ashamed of needing help. Millions of Americans are in the same exact situation as you are right now.
- Let your landlord or property manager know how much you can reasonably pay now and how much you'll be able to pay over the next month or two. Unless you're in dire straits, you should offer to pay at least some of your rent. If you offer something, they're more likely to agree to your plan.
- Give them a specific date when you'll be paying back the remainder, along with full payment of that month. Stick to that date. If you can't, discuss an extension with your landlord as early as you can.
- Provide all of this in writing, signed and awaiting their countersignature. Make it as easy for them as possible.
- Assure them that this is only temporary until the crisis is over and that you do not anticipate this happening again.
There's a chance the landlord will request a late fee to be paid at the time of settlement. Feel free to ask that it be waived if you're a good tenant who has previously always paid on time. Your landlord might also present a counteroffer.
Know before you go in exactly how much you can afford and be clear about your limits. And if they're not open to rent restructuring, ask them what solutions they may be willing to offer. All apartment communities will be handling this situation in a slightly different way, so don't assume that this your only option or demand that your property manager accommodate you.
Have empathy for your landlord
We might think of our landlords as giant corporations getting rich off of our rents. But the truth is, almost half of rental properties are individually owned, mom and pop landlords and people just like us investing in real estate.
They're also under stress from the coronavirus crisis with property taxes, insurance and mortgages coming due, repairs and upkeep to make and property managers and maintenance staff salaries to pay, with rent their only source of income. Even large rental companies will feel the pinch as they have difficulty covering expenses, utilities and mortgages.
Most landlords want to help you in this time of need, but they aren't immune to the economy themselves. Be kind, have empathy and be patient with your landlord or property manager. Absolutely avoid making demands because you are asking them for help.
And don't take advantage of the situation. If you can afford your rent, keep paying it. That will only lead to them being able to assist other tenants and staff.
What if your landlord can't or won't help?
If your landlord is not willing or not able to help restructure your payments or offer any rent relief, you do have some other options.
1. Apply for rental assistance
The U.S. Department of Housing and Urban Development's website offers links to a number of helpful resources for rental assistance, such as state or local financial assistance programs.
As well, the Salvation Army and Catholic Charities may also be sources of rental support. You can also contact the United Way by dialing 2-1-1 to be connected to local organizations that may be able to help.
And if you or anyone in your household is a veteran, HUD and the U.S. Veterans Administration has programs that can help with rent.
2. Take out a loan
If you have solid credit and can prove that despite the current crisis you're a trusted recipient, you can turn to your bank and apply for a short-term loan. Banks will take into account your financial history and may be willing to loan you enough money to take care of rent and expenses.
Do you own a small business? Then you can apply for a Small Business Administration Disaster Loan. These loans are not only available for you to help keep your business afloat or pay employees but to keep your home and bills paid, as well. And through the Paycheck Protection Program portion of the federal government's stimulus package, additional types of businesses can qualify for small business loans.
3. Take advantage of the CARES Act
The CARES Act, the $2.2 trillion stimulus package passed last month, is offering a cash payment to most every American. The majority of those individuals making under $75,000 (or $112,500 as head of household) will receive a stimulus check of $1,200, plus an additional $500 per household with a dependent (a bit less for those making up to $99,000 individually or $146,000 as head of household). These payments have already started appearing in some bank accounts.
And for Americans who have lost their job due to the coronavirus crisis, the CARES Act is also providing an additional $600 a week for those receiving unemployment compensation through their state during the shutdown, on top of their regular payment, for up to 39 weeks.
Some states are also offering even more assistance to their citizens who lease. For example, Delaware is providing a payment of up to $1,500 for renters who have lost their income. Be sure to check if your state or city is offering similar programs.
The federal and state governments are encouraging Americans to use this stimulus money to help pay bills, including rent.
What shouldn't you do?
It's understandable that desperate times call for desperate measures. And for many people, this may be their first time in this sort of situation. Even if you can't figure out other options, don't put yourself in a situation where you kick the can down the road that will only make things worse.
- Don't send your landlord a check you know will bounce. You won't accomplish anything but angering your landlord and possibly setting yourself up for future eviction. And worse, you'll still owe the money.
- Don't just ignore the problem in hopes that it will go away. No one knows how this crisis will play out and the last thing you want to do is have unpaid bills and no recourse for how to resolve them. Your rent isn't going anywhere, even if you ignore it.
- Avoid turning to payday lenders and car title loan companies to find quick cash. In the end, you'll be paying much more in the long run and putting yourself at risk of damaging your credit.
- We've mentioned this a few times already, but don't demand that your landlord or property manager needs to help you. They do want to work with you, but they aren't going to let you live rent-free.
- Lastly, and hopefully it goes without saying, absolutely don't skip out on your rent. If you need assistance, speak up sooner than later.
Are you going to be evicted if you can't pay?
If you can't pay your rent on time due to income loss related to the coronavirus shutdown, are you in danger of being evicted? Most likely, no.
The CARES Act includes a freeze on evictions of tenants for non-payment in buildings financed by federally-backed mortgages (like those subsidized by Freddie Mac, Fannie Mae and HUD). However, this protection only applies to about a quarter of all renters, with the rest funded by banks and private lenders.
For those not covered in the stimulus, most states and a number of individual municipalities have issued their own stays of eviction, many in place between one and three months. Keep in mind, a few locales do require some type of proof you have suffered a loss of income due to the shutdown.
But just because your city or state has passed a moratorium on eviction doesn't mean all landlords are aware of the new rules. If your landlord does attempt an eviction and you believe you're protected, check with the local sheriff, who in most cities is the one that carries out evictions and knows the temporary restrictions.
Eventually, you have to pay
Be aware: Just because you're a beneficiary of an eviction moratorium, doesn't mean you never have to pay. These provisions are deferments, not cancellations. Just because you can't be evicted now, doesn't mean you can't after the crisis has ended. If you didn't pay knowing you couldn't be evicted, plan to pay back any months you didn't pay once the situation has normalized.
However, there are a number of housing rights groups advocating a movement to end rental obligations during the crisis, most notably under the #CancelRent banner. The effort is requesting the federal government subsidize property owners so rent can be exempted. While unlikely, renters should keep an eye on the story.
The information contained in this article is for educational purposes only and does not, and is not intended to, constitute legal or financial advice. Readers are encouraged to seek professional financial or legal advice as they may deem it necessary.
The post What to Do if You Can’t Afford Rent Payments Due to Coronavirus? appeared first on Juniper Springs A Concierge Community Blog.
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]]>Preventing coronavirus in your apartment
The U.S. Centers for Disease Control and Prevention has offered a number of reference articles and official statements on how to best protect yourself and your family.
But for apartment dwellers, those with common spaces, mailbox clusters, lobbies, trash chutes and a plethora of door handles, keeping safe and practicing prevention habits is a bit more difficult. From your own personal hygiene to how to manage your apartment to what to expect from your landlord, here are all the tips, suggestions and instructions straight from the CDC just for renters and apartment tenants.
1. Wash your hands often
Wash your hands after you touch another person or a common surface. Wash your hands before and after you touch or prepare food. Wash your hands after using the restroom. Wash your hands after you cough, sneeze or blow your nose. Wash your hands when you get home from being out.
Wash by covering all surfaces of your hands and rubbing them together until they feel dry. When you wash, rub with soap and water for at least 20 seconds. Experts have recommended singing “Happy Birthday" twice. If you're tired of that, try other songs with 20-second choruses like:
- “Take on Me" by A-ha
- “Jolene" by Dolly Parton
- “Raspberry Beret" by Prince
- “Truth Hurts" by Lizzo
- “Stayin' Alive" by the Bee Gees (like that CPR scene from “The Office")
If soap and water are not available, disinfect your hands by utilizing a 60 to 95 percent alcohol hand sanitizer and following the listed instructions.
2. Avoid close contact with people who are sick
This seems obvious. But since you never know who is sick, minimize contact in general, as well. Spread out on the bus or subway or in line. Touch elbows instead of shaking hands or fist-bumping, or politely decline to touch at all. Try to avoid touching common surfaces others touch in public places and in your apartment building or common areas as best you can. Don't share food or drinks.
3. Avoid touching your face
No matter how hard you try, you're going to touch unsanitary surfaces or people. To prevent infecting yourself, do your best to refrain from touching your eyes, nose or mouth, as these are the main entry points for disease.
4. Cover your mouth
If you must cough or sneeze, cover your mouth with a tissue, then throw the tissue into a trash can that has a closed cover. The same goes for blowing your nose. If you don't have a tissue, cough or sneeze into your upper sleeve like you're doing “The Dab," not into your hands.
5. Maybe forgo that face mask
According to the CDC, people who are not sick (or don't feel sick) should not wear protective face masks, because they're not effective in keeping out the very small virus. Face masks are only for people who are already symptomatic to prevent them from spreading the disease to others. The only exception is for healthcare workers or other close-contact care providers.
6. Clean and disinfect
Keep your apartment neat, clean and organized to maintain a healthy environment. Clean regularly and sanitize often using items like Lysol spray and Clorox wipes on “high touch" surfaces including countertops, tabletops, doorknobs, nightstands, bathroom fixtures, toilets, refrigerator handles, kitchen faucets, light switches, TV remotes, cell phones, computer keyboards and tablets.
7. Stock up but don't hoard
While unlikely, it's possible you may wind up quarantined in your apartment, or even just sick and self-quarantining. For that scenario, which shouldn't last longer than two weeks, you should stock up (but not hoard) a few basic items:
- Non-perishable items like canned meat, fish, beans, soups, broths and stews, fruits and vegetables, and canned or powdered milk
- Ready to serve items like peanut butter, jelly, crackers, nuts, trail mix, dried fruits and granola bars
- Baby food and pet food
- Bottled water, fruit juices and fluids like Pedialyte or Gatorade
- Toothpaste, toilet paper, tissues, feminine supplies, diapers, laundry detergent and disinfectant
- Hand sanitizer that's minimum 60 percent alcohol, over-the-counter cold and flu medicines and any refills of prescriptions
If you're sick or feel like you're getting sick
Even with all of the precautions, there is still a chance you'll contract the disease. Follow these steps the moment you begin to feel sick, even if it just feels like a cold.
1. Stay home
Unless it's to see your doctor or go to the hospital, stay in your apartment and don't go out. Don't go to work, school or to public areas. Try to avoid public transportation, taxicabs or rideshares. Not only will you not infect others, the more you stay at home and rest, the faster you'll recover. Utilize food and personal item delivery if necessary.
2. Separate yourself from others at home
As best you can, stay in a designated sick room and keep away from other people. Eat separately from others. If your apartment has more than one, designate a bathroom just for you. Avoid touching pets, as well. If you must feed or clean up after a pet, wash your hands before and after as detailed above.
3. Don't share household or personal items
Set aside drinking glasses, plates, silverware, sheets and blankets, towels and toiletries for your use and your use only. Clean them thoroughly with soap and water after every single use.
4. Wear a face mask
As mentioned above, only people who are already sick (or people caring for those that are) need to wear a face mask. If you're sick, wear one around other people (or pets) or if you go see your doctor.
5. Cover your mouth when you cough or sneeze, wash your hands
See above for details.
6. Clean and disinfect even more
Sanitize your apartment as explained above, but do it every day.
7. Call before going to the doctor
Keep an eye on your symptoms and seek medical attention if needed. Give them a heads up before you go to allow them to take precautions to keep others visiting their office from being infected or exposed. If you suspect you only have a cold or flu, consider a virtual doctor's visit. If you must call 9-1-1, inform them of your symptoms before they arrive, as well.
Additional sources:
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