Governor Gavin Newsom issued an executive order that authorizes local governments to pause evictions for renters.
The eviction restrictions go into effect immediately through May 31, 2020.
Tenants are still obligated to pay rent, and landlords can still recover rent that is due.
Check it here to deep dive in details: https://one.rent/aae5f
2. California Governor, Gavin Newsom, announced a statewide ban on
evictions over nonpayment of rent for those affected by COVID-19.
1
If you’re a landlord concerned about the added financial burden during
these times, here are some tips for the coronavirus eviction
moratorium:
Disclaimer: This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such.
Consider obtaining legal advice from your attorney about any decision or contemplated course of action.
1 https://www.latimes.com/homeless-housing/story/2020-03-27/coronavirus-newsom-eviction-ban-california?
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
3. Check in with your renters
and set expectations
Most renters are still obliged to pay rent. Clarify the timing of the
rent payment with your tenant. Only a renter who provides proper
documentation to show financial hardship can defer rent payments
for a certain period of time (varies by region).
Disclaimer: This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such.
Consider obtaining legal advice from your attorney about any decision or contemplated course of action.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
4. Request proper
documentation from renters
Disclaimer: This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such.
Consider obtaining legal advice from your attorney about any decision or contemplated course of action.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
Require proper documentation of financial hardship from renters
requesting for defer payment. The list of “circumstances”
constituting a ban on eviction is broad. This new eviction moratorum
is specifically referring to circumstances related to loss of income
due to the coronavirus pandemic.
5. Contact your bank to
discuss mortgage options
Contact your lender to discuss due date extensions if you rely on
rental income to cover monthly homeownership costs. Ask about
deferring your mortgage payment if you are unable to earn your
rental income due to a renter's nonpayment of rent.
Disclaimer: This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such.
Consider obtaining legal advice from your attorney about any decision or contemplated course of action.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
6. Defer your tax payments
Hold on to your money. The deadline to file and pay federal
income taxes had been extended to July 15, 2020. You can also
write-off most of your operating expenses for rental property such
as property management fees, maintenance costs, and more.
Disclaimer: This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such.
Consider obtaining legal advice from your attorney about any decision or contemplated course of action.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
7. Check for financial aid
from the US government
The federal government has announced a $2 trillion economic
stimulus package in response to the coronavirus. The IRS will
directly deposit or mail a check to you for up to $1,200,
depending on your individual or household gross income.
Disclaimer: This material is designed to convey information only. Any information here is not intended to provide legal advice and should not be taken as such.
Consider obtaining legal advice from your attorney about any decision or contemplated course of action.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
8. Lease your home on Onerent without having to
break shelter-in-place restrictions. Renters can
virtually tour any listing, apply for free, and
even sign a lease without having to physically
interact with others.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog
Onerent works real-time with landlords during
these difficult times via contactless leasing
process, so they can easily lease their property
while they shelter-in-place.
9. Fill vacancies fast.
Start with a free
rent estimate today.
How the Coronavirus Eviction Ban Impacts Landlords Source: onerent.co/blog