Plus: How to renegotiate rent with your landlord
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Well, that was a new sort of holiday weekend. I spent mine mostly inside due to rain, and I hope wherever you are, you were able to celebrate while socially distanced. Speaking of being inside, this season is typically a busy one for home sales. So this week we’ve got a look at housing issues, including how to negotiate a temporary break on rent and what experts say will happen to the residential real estate market. If you missed it, check out our guide to moving during coronavirus, too. Stay safe out there!
Janie |
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Today’s widespread job loss has created another crisis: Tens of millions of tenants can’t afford to pay rent. More than 43 million people rent their homes in the United States, and nearly half of rental units are owned by “individual investor landlords” — regular people who depend on rental income for their livelihood.
If you’re unable to pay your rent in full, you may be able to negotiate a deal with your landlord. After all, “a lot of people are struggling during the COVID-19 pandemic; landlords are likely to appreciate some type of payment rather than nothing,” said Michael Foguth of Foguth Financial Group in Brighton, Michigan. Here’s how to approach the conversation to improve your chances of catching a break: |
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| How To Negotiate Rent With Your Landlord |
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If you were planning to buy a house soon, you may have put that plan on pause along with the rest of your life. Touring houses is a tough thing to navigate right now, and economic uncertainty is rampant. At the same time, mortgage rates are at rock bottom. What’s going to happen with the housing market? Should you continue to wait, or seize the day? We asked experts what they expect to go down with the residential real estate market. |
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What You Should Know About The Housing Market
During COVID-19 |
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Running out of contact lenses but don’t want to see your doctor in person right now to renew your prescription? Same. Fortunately, you can actually renew your contacts script online in many cases. Here’s how to do it. |
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Want More Practical Magic? |
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