COVID is here - What happens next?

The Landlord's Almanac - Landlord Conversations

Courts are starting to open for some and not for others, what happens next? Can landlords go to court now? What will it be like when we do go to court? Everything is different now.
Recorded:
June 4, 2020

Host:
Kassandra Taggart
Dave Stohr
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Show notes:
[00:00:00] [00:00:00] David Strohr: Good Morning and Welcome. Kassandra Taggart is the president of Real Property Management Last Frontier, a property management company here in Anchorage. She is also the president of The Landlords Almanac. One of the largest landlord clubs in the country dedicated to networking, supporting, and training professional landlords.

[00:00:15] And she is the author of the popular book, Pain or Profit secrets. profitable rental property investors. Good morning, Kassandra. Well, in about two months, many Alaskans who rent will have to come up with thousands of dollars. It will be money that has to be repaid and back rent that could not be paid at the time.

[00:00:34] It was due because of conditions created by the effects of the Coronavirus. But what happens to those renters in two months, if they are unable to come up with the necessary funds. To stay in their homes. That question is the topic of our first conversation this morning with Kassandra is the process of eviction, a real possibility for those unable to pay.

[00:00:53] As we head towards July, August, and September,

[00:00:58] Kassandra Taggart: It is a real concern and it is a [00:01:00] real possibility that eviction could happen to them. It really, um, all depends on the relationship between the landlord and the tenant because landlords have the opportunity to do a payment arrangement.

[00:01:12]And, uh, my recommendation to tenants is to pay something rather than nothing to show that you're trying really hard, which may make it where the landlord will be more willing to give you time on the back amounts. Uh, to make it all good again.

[00:01:28] David Strohr: Has it been the SB 241 law that has given renders the grace period?

[00:01:32] They need to acquire the funds to pay their rent.

[00:01:35]Kassandra Taggart: The regulations have come in waves for various properties because we've got the court was closed until May 31st. They're open now, and cases are going forward. Then you've got the SB 241 law, which is the state law. And that one's enforced until June 30th, but that's only for particular tenants.

[00:01:55] That's not for all tenants. Um, a lot of people have that kind of confusing cause you [00:02:00] can get your court date right now. And then of course you've go

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