Welcome to the Real Estate Strategies Podcast. I'm Ken McRoy and I'm here to give you creative ideas

on how you can get started or continue your journey in real estate. Each week we will bring you

inspiring and informative conversations with successful people and their path to obtaining

or investing in real estate. Enjoy the episode.

Hey guys, welcome to the Real Estate Strategies podcast with Ken McElroy. So the following

questions are questions that we got through our social media channels. So every once a while,

you know, we have guests, but I think it's always good to grab some questions from Facebook and LinkedIn and Instagram and all the different, and YouTube for sure.

And we do look at those and we do like to use them on things like a podcast or even a video.

So thank you and keep them coming.

So this first question is from John, one of our premium members around

mortgages and tenants not paying. So, John, thanks for this great question. How can you manage

to stay afloat if your tenants aren't paying and you cannot evict them and you still owe a mortgage?

This is the million dollar question. So here's the thing, guys. So as you guys know, we have about 10,000

tenants and the regulations have changed. First, Trump said, hey, you can't evict anybody until

October. And by the way, the courts were closed anyway. The second thing is now the CDC came out

and extended that to the end of the year and they made it for all tenants, not just ones that had government-sponsored mortgages.

And so as a landlord, it became very, very difficult for us because we had massive uncertainty on whether or not our tenants were going to pay or not.

As you guys know, I did a few

videos on Cash is King. So what we did in March, because we didn't know who was going to pay in

April. We didn't know who was going to pay in May, June, July. Now, as you guys know, with the

unemployment benefits going away at the end of July, we were very concerned about August and September rents.

But here's the reality of it.

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