I don't mean to be rude but relying on collecting month-by-month rent from your tenantS to buy your groceries seems like poor financial management.

You've bought an asset which is not returning as expected for the time being, but has for the past n years. What do you expect now, a bailout?

not all landlords are rich and/or have rent as their entire income in normal times. my friend is a "landlord", in the sense that she rents out the spare room in her house to help pay the mortgage. now her entire industry is shut down and her tenant isn't getting paid either. no matter how responsibly they manage their finances, most people can't handle suddenly having multiple sources of cashflow go to zero.

They can always sell their property and rent for a while to weather the storm. Relative to the tenant, at least they have something to sell.

Ah yes, because there are so many people in the market to buy rental properties in a giant economic downturn. Nevermind the reason you are selling is because its impossible to rent out.

I'm sure a buyer can be found at the right price, it's called supply and demand.

We wanted a free market for housing and ended up with EUR 500k studios in Paris. Can't people wrap their minds around the fact that house prices also go down?

Is it better if you can't buy groceries or if multiple tenants can't buy groceries?

I bet if you and your tenants got together, you could acquire enough food for all of you.

Same way that your tenants who cannot work will buy groceries. Either private charity, savings, or government intervention would have to cover the income gap to keep people alive in this time of crisis.

I think that fundamentally what I'm trying to criticize, is the original proposal shifted all the burden from one class of people to another class. And then assumed that the problem just goes away, without having to do anything expensive like the government providing emergency funding. But its not that simple - its not like debt holders can neccesarily just take the hit. They have things they need money for. They have people they employ who need to get paid. Sure, there is a certain amount of a hit that can be taken - but ultimately money has to come from somewhere or your just shifting which class of people are totally screwed by this, which doesnt solve anything.

I cannot speak for others, but we played open cards - showed each other our company and family finances.

We have come to a compromise that keeps both parties fed.

Are you seriously a landlord with no cash reserves? What happens if you have an unexpected repair at your property?

You’d buy groceries with your emergency fund. As a self employed person it is your responsibility to do this for yourself.

To be clear, i'm a hypothetical landlord. Not actually a landlord.

> You’d buy groceries with your emergency fund. As a self employed person it is your responsibility to do this for yourself.

Its everyone's responsibility to have an emergency fund. Why is the answer that the landlord should rely on his/her fund instead of the tennant relying on their fund to pay rent?