EPI137 | The new world order – Coronavirus and property by admin | Apr 7, 2020 | Podcast Episode, Podcasts | 2 comments Feature – Coronavirus COVID19’s Impact on Property ← Previous Post Next Post → 2 Comments Karl Loker on April 14, 2020 at 4:09 pm Is it better to take the banks freeze on a investment property and not rent the property out as a tenant can move in and then refuse to pay rent and the government is putting a freeze on the removal of tenants for 6 months Reply Kaz on July 20, 2020 at 4:13 pm Hi Karl, I think that action is a drastic action to take. The banks ‘freeze’ is not really a freeze as you would be accumulating interest and it will add to the overall time on your loan and overall payment made over time. A tenant can still be assessed on their ability to pay the rent when moving in and a tenant who claims they have been COVID-19 affected must still provide evidence of this. We manage many properties and have only had tenants in real COVID hardship on a very very small percentage of cases, most tenants have continued to pay their rent. Reply Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.