The aftermath... Tenants Stopped Paying Rent

Last month, I addressed an article that nearly a THIRD of Tenants were unable to pay April Rent…here is what happened with those tenants, enjoy! Add me on Instagram: GPStephan
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A little over month ago, almost down to the day, articles were flooding the internets with the big, giant bold claim that: Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent
www.wsj.com/ar...
First, almost every single article mentioned that the Vice President of the National Multi-Family Housing Council, who were the ones that conducted the survey in the first place…said that “The New Data For April With Historical Data is not a true representation of how rent payments are progressing.” The issue was that the cutoff for paid rent ends on the 5th of the month…and, since April 4th was a Saturday and April 5th was a Sunday, payments made during those days would not be counted until Monday, April 6th…AFTER the data was already analyzed.
Second, this only counted tenants who paid ON TIME…and IGNORES all the payments that just happen to be a little late. During times like this, I think it’s UNDERSTANDABLE if tenants wind up needing a few extra days to pay their rent.
However - here’s what happened. Even though nearly 1/3rd of tenants didn’t pay their rent by April 5th…once we count April 6th, just like I predicted…the number of tenants who paid their rent SPIKED UP all the way to 78%. Within a week after that, 85% of tenants paid their rent…and by the VERY END OF THE MONTH…94.6% of tenants paid their rent.
www.nmhc.org/r...
Now, of course…when we compare that to LAST YEAR, APRIL 2019…it was found that 97.7% of tenants paid their rent…so, based on one month of data, we’ve only seen an increase of 3.1% not paying their rent…which, lets be real, is FAR from the figure previously reported on.
As for THIS MONTH NOW, IN MAY….it was shown that 80.2% of tenants paid rent on time, as calculated by the 6th of the month…compared with 81.7% which had paid their rent during the same time in 2019.
Now, as far as whether or not this trend continues is up in the air…although, to me, it’s not too surprising that so many people continued paying their rent, for two reasons:
One is how rent payments are structured
As it stands, missed rental payments are NOT forgiven -meaning, if you don’t pay, you’re still going to owe the rent at some point in the future - and, even though many counties have enacted a RENT FREEZE which would temporarily prevent the landlord from filing an eviction, it doesn’t STOP the landlord from collecting payment at a later date.
Two, I have NO DOUBT that the Stimulus and Unemployment benefits have helped, to a certain degree.
If people are able to collect an ADDITIONAL $600 per week from the Illness, on top of their normal unemployment benefits…I think it’s no wonder that the amount of tenants who were unable to pay is as LOW as it is, to be honest.
The BIGGEST elephant in the room here is that the $600 per week unemployment benefit is set to expire on July 31, and…after that…we have NO CLUE if things are going to continue. IF businesses open back up by July…I THINK missed rent payments will be held to a minimum by the time the increased unemployment benefits expire. HOWEVER…IF there’s no new stimulus, AND our economy isn’t opened back up, AND people are still out of work - then I would absolutely expect these rental numbers to look a LOT different, with many more tenants unable o pay.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [e-mail]
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[@thepug991]

My landlord said I didn’t have to pay rent if I didn’t stay in the house. So glad he did that for me

[@WowitsLife]

Lmao

[@Native722]

?

[@Mo-gy4sg]

This is why having multiple streams of income is crucial

[@GrahamStephan]

1000%

[@Flaw93]

agreed, but making multiple stream of income using loan on top of loans, is like digging a hole inside a hole, thats the problem with nowadays system of making income

[@bobleponge7988]

Amen!! 🙏🏾 My guy

[@greenlawnfarm5827]

Yes i own a oil field and have a bugeron verbuggie.

[@victordonavon292]

@@Flaw93 I think you forget there exists low- cost streams of income. Maybe the payoff is small starting off, but you have to start somewhere.

[@lindaelliott1653]

A lot of people are choosing to pay their rent and not buy food. They don’t want to be homeless.

[@bungalowbill3409]

Nah, right now a good majority are making more money on unemployment then they would have made otherwise and so even paying the rent are net positive... Wait till all the government bene's dry up, then you'll see reality come crashing down

[@gaysrule32]

Linda Elliott seriously 😒. I’m starving but my rent is paid. Good thing for planning for a rainy day.

[@sct4040]

Linda Elliott There are still food pantries, but need to keep from being homeless.

[@heyshay552]

@@gaysrule32 is there anywhere you can go for help with food? I'm sorry your faced with either eating or rent

[@MsDogan2U]

Not me

[@marvinscott6161]

Graham it's great to see a landlord and Investor with such a clear understanding of being a good guy. your opinions always seem measured and you treat your tenants well. That is so good for you and the world. You inspired me today. Keep up the great work. I also enjoy the fact that you take the time to research each topic so much. Keep it up

[@Jasta85]

I only have one family of tenants in the second unit of my duplex, we have a good relationship and I told them early on we could work out something should they lose their job depending on what the situation may be. Fortunately the mother works in essential services so it has not been a problem. They've been in the unit before I even bought it and always paid their rent on time so it's worth keeping good tenants.

[@justinsnider9772]

Good long term tenants are worth their weight in gold!

[@petepeter1857]

@@justinsnider9772 Yeah, I've always been a good long term tenant and gotten pissed on consistently

[@pseudonymshqipe854]

@@petepeter1857 We appreciate people like you.

[@Koushi82]

​@@petepeter1857 dont forget to piss on the landlord when you get the chance. landlords that piss on their tenants shouldnt deserve any less than being pissed on back. they were the ones that bought the property for millions and jacked up rents. no point we need the property values to crash after all. waiting for 50% discount

[@LluviadeOrugas]

Pete Peter how?

[@pantherplatform]

I went through an eviction lawsuit in FL. Long story short, I represented myself and won. The launderers who bought the house I rented for 3 years tried to pull a fast one on me. Now I own my own home and the property it's on. Thanks Graham.

[@GrahamStephan]

awesome!!

[@VwapTrader]

Honestly, winning a lawsuit as a tenant against a landlord isn't that impressive. It's practically a shoe-in due to the bias anti-landlord laws in most jurisdictions. Most jurisdictions I've travelled to, landlords are practically at the MERCY of any tenant who "knows the ropes" of the system of their particular jurisdiction. So congrats on winning your case (assuming you really were being railroaded), but it isn't anything to be proud of or to brag about as a "helpless tenant" as media and local politicians would paint you as to be.

[@Bonanzoo]

Vwap Trader2019 are you kidding? Watch the latest episode of The Patriot Act on Netflix and please inform yourself.

[@Bonanzoo]

Doctor Drake comedian shows with cited sources. You’re now starting to sound like the comedian 😂

[@Matzes]

@@Bonanzoo can't you form an own opinion and explain it here, rather then referencing some Netflix show that most of us aren't/can't watch

[@brianburke808]

you telegraphed your likey-smashy this time, but then got me with the CNN graphic. well played.

[@InvestorCenter]

Haha

[@michellerodriguez8052]

I’m interested in seeing June and July’s numbers. We were only able to pay April and May due to our refund and stimulus check. Nothing has come in since March because we have still not gotten our unemployment so not sure how June is going to get paid.

[@Clintsessentials]

Horrible, right?

[@user-zc8sq3wr9f]

You guys dont save for rainy days?

[@lijohnyoutube101]

I just o not understand the plethora of comments like this... how can people not have 6/12 months of expenses in the bank and yet the same people you see smoking/drinking/eating out/taking trips etc etc I AM sorry to see many in this situation but hopefully this crisis also triggers our society to have some real conversations on the epic lack of responsibility and maturity! I hope you get your unemployment check /get a job

[@JamesHollowayYT]

One of my tenants missed last months rent because of not being able to work. We talked this through, and we are moving on in a positive path. Just have an adult conversation with your tenants.

[@GrahamStephan]

So happy to hear!

[@JamesHollowayYT]

WhodidTHAT but be the bigger person and at least try 💪🏼

[@justinsnider9772]

Good responsible tenants can make or break your investment. That’s why I am very selective with who I rent to even if it takes longer to get the property rented. Luckily I haven’t had any tenants lose their jobs this far, but if they do I’m sure we will come together and come up with a solution.

[@devih9134]

Hey Holloway!!!!

[@julian3320]

My tenet threaten my credit score... Luckily my lease is over, I just finished paying him back plus interest. Either way I'm not going to reference him. Plus already got a new place that's much much more affordable. You were great working a plan with your tenets plus to you

[@Vergence]

Graham: these articles are clickbait. Also Graham: THE TENANTS STOPPED PAYING RENT

[@thelegnd5860]

He did clicked bated us but you cant argue that graham is always a honest guy and very accurate with his videos. So I can't be mad.

[@donsteckel2541]

Thanks....Bye

[@reesereese6510]

@@thelegnd5860 Nah I dont believe that only 3.2 % difference from last year...Millions didnt get the the stimulus yet and 30 million loss jobs and you telling me them numbers he just said is right?

[@YonderPreneur]

I’m just kinda used it now. - Pewdiepie “I JOINED THE SWEDISH AIRFORCE”

[@bohartman]

Even the guy exposing these click-baity, dramatic headlines did so using a click-baity, dramatic video title. I'm still a fan but it would be great if he could just make honest titles. I would be even more ready to watch his videos and smash that algorithm

[@jessl8201]

Love how humble you are even with all your success. It’s a rough time for landlords and tenants.

[@obiguana]

Graham lesson today: treat everybody like people. Epic 👍🙌🏼🙌🏼🙌🏼

[@zolanddd0007]

Jaegar Ultima 😂😂💯

[@DemetriPanici]

I'm gonna be honest the title and thumbnail got me. 10/10 Graham 😂

[@GrahamStephan]

:)

[@funkspinna]

His clickbait got me too.

[@sandrawright6916]

I have a rental. O inherited from grandparents. It's a middle-aged COUPLE that is on a fixed income. I only charge them LESS than half the amt that I could. They still get their monthly ck and pay on time.

[@sandrawright6916]

Rent for this is actually$800. I charge $350. I really felt for them and knew them from church. They're awesome tenants

[@sandrawright6916]

I'm on SSDI, I only rent it to help with MEDICAL BILLS (which are very extensive) and meds.

[@MeetKevin]

Saw the title and thought he was talking about me; phew. Not exposed yet.

[@TheJackKnite]

Hey Kevin

[@aretonsenner6664]

Shut it Kevin

[@designhub360customapparel]

😳😳😳

[@ftoole1]

Ahh Kevin rents from Graham the truth comes out

[@karreto14]

Hey Kevin I haven’t see you in a while 🧐 like two hours

[@NathanLewis7871]

If you get your investment plans right, you will not will not see any reason to live in a rented apartment rather, you will own your house yourself. Your investment today is key to the life you will live tomorrow.

[@jakethompson8737]

This is a butter and blatant truth. I have some $$$ I inherited from my late father which I really want to invest but do not know how to go about this.

[@kevinjohnstone4023]

You can get yourself a professional financial advisor who will handle your investment for you..

[@thepotter867]

I do not know any financial advisor but please where can I find one to myself?

[@paulinescholes6797]

I invested through PATRICE ANN ISABELLA , she is an accredited professional broker, she lives here in the USA and available on the web.

[@driftgod7894]

Wow!!! I was able to look for her and found her, I left her a message already.

[@markofree100]

"You probably shouldn't be squatting" Me, a dude who's favourite leg excercise is squats: DISLIKE, UNSUB

[@crazygurlamyy]

Hahahhaa! “I’m personally offended” 🤣

[@Miakel]

Wait wait wait.... Processing..... Ok fair call that seemed personal at people who do squats

[@ronnishafranklin1289]

🤣

[@belrog4269]

How dare you criticised me for not wanting chicken legs? Cancelled

[@ThinkMoneyBenny]

Graham: "My tenants stopped paying rent" KZbin: "I Got You Bro" 💪

[@GrahamStephan]

YouTUUUUUBE

[@primula3958]

Not if you'r using adblock.

[@seneca983]

I've seen some other KZbinrs comment that ad revenue has fallen a lot, by about 50% more specifically. Though that's probably still enough for Graham to be worth his time and provide for comfortable living and high savings.

[@gabmax1013]

It's not about who paid or not. It's about how long they can keep paying it.

[@toyia8158]

EXACTLY!! And please believe if it wasn't for the increase in unemployment wayyy more people would not be able to pay rent.

[@vikrant1401]

You'll get your rent when YOU FIX THIS DAMNN DOOR!!!! Edit:this was a reference joke, please dont get offended

[@cassandrawilliams829]

🤣🤣🤣🤣🤣🤣🤣

[@greenlawnfarm5827]

My mom has to do stuff with the land lord so she doesnt get kicked out

[@lev1046]

he is good boy

[@dr.strangelove5708]

FORCE MAJEURE is your friend, look it up.

[@AK-ni3qk]

My tentant said he moves out - force majore and that i have to give him security money back. I said in contract written the leade is 1 year, if less no security - deposite be returned and he said uts firce majour and i must give him money and i did. And he had to give me keys on griday and on thursday night he left apartment and left keys under carpet ar doors. Next day i said i did not eveb accept apartment - it was so dirty and tails were demaged that would cost me 700€ to fix it and 80€ to cleaner to clean all that mess.. i was in big losses

[@curiousventures]

I’m glad you did your own independent research! It’s so very much needed right now. Dig more and expose the lying media.

[@mxplife]

I don’t understand how you are able to come up with different ways to smoothly slide the like button bit in EVERY. SINGLE. VIDEO.

[@GrahamStephan]

😏 my best talent

[@dr.strangelove5708]

he is a professional parasite and like the rest of them are going swimming to Arizona Bay if the economy tanks or Corona becomes a Tiger.

[@ledomc2007]

@@dr.strangelove5708 lmao you realize you get his content for free right?

[@justwatching1980]

@@dr.strangelove5708 Who are you, Bill Hicks?

[@verrigo]

@@dr.strangelove5708 You ok, bro? Why so mad?

[@WisconsinDan]

You know times are tough because Graham has looked stressed af in every thumbnail for the past month or so

[@GrahamStephan]

haha

[@seanm4013]

Gets us to click too. Lol!

[@rat5800]

Lol

[@nemui9654]

He’s actually hiding his enthusiasm because he gets to talk about money!

[@kiane9465]

His thumbnails should be an economic indicator or something.

[@Busybeeee]

Great Video! I am a renter living in Ottawa Ontario Canada. I lost my job 2 months ago due to the Pandemic. Here in Ontario, we have the same laws of eviction freeze and there are actually groups going around encouraging people not to pay their rent. But almost everyone out of a job has got coverage through employment insurance or the Emergency Benefits so there is really no excuse not to pay the rent. Some tenants have purposely defaulted but the irony of this is that those tenants were unemployed and receiving social assistance way before so their source of income was not at all affected by Covid. They just took advantage of the situation to be irresponsible and drink away their rent money. I have never defaulted on my rent payments and I figured making those payments will help our economy.

[@YonderPreneur]

Your a good guy forget about the economy. Someone gives you their house or apartment or what ever. They ask you to pay rent, then you don’t pay rent and live in there house for free. In my head it just seems wrong. Like I wouldn’t do that.

[@YonderPreneur]

Vancouver BC btw eh

[@Busybeeee]

@@YonderPreneur Yes.. totally agree. Responsible adults commit to their financial obligations and I have never defaulted on anything.. it is the proper thing to do. Cheers !

[@ethosinvesting1993]

Graham- Thanks for highlighting this topic! Hopefully, we can get people back to work to avoid rent and mortgage issues. The next few months will be critical. These issues could impact the mental well-being of folks. All the best!

[@chrisglaze1410]

Graham been grinding for so long. I think I can speak for almost everyone when I say you deserve a vacation when things cool down. I know how much work goes into 3 videos a week, much less every day! We’ll Still be here when you get back

[@GrahamStephan]

That's awesome!!

[@jdmar15382]

He does a video almost every day, check out his second channel kzbin.info/door/a-ckhlKL98F8YXKQ-BALiw

[@greenlawnfarm5827]

Yeah i am going to miss him alot. Super much,

[@jamiepaolinetti5087]

I've been on both sides of this. I owned a residential rental property, and I currently own a commercial business that is in a bricks and mortar in LA. We can't pay our rent. The residential issue is big, but the commercial rental situation is even bigger and will trickle down to the residential in ways that will completely destroy the market in big cities. I have a huge network of friends that own Mom & Pop bricks and mortar business and we ALL are in the same boat. This is a daily conversation. Due to the astronomical rents in LA most of us have had to stop paying due to FULL closures of our city, (thank you Hitler, I mean Garcetti). This is the 1000lb Elephant in the room no media or politician will talk about. America is still Mom & Pop business in many places, LA is like that to a great degree. We all owe 10k, 20k, 30k, 40k, 50k... Who in their right mind is going to take that amount out of their pocket and plop it down to re-open when Garcetti could just shut us down if the wind blows. ALL those jobs we provide, (over 500 total) are gone! All our employees rent from residential property owners. For those who don't own businesses please think about this.

[@mossyoakmom8880]

Jamie Paolinetti Writer/Director I totally agree with you saying “...Hitler, I mean Garcetti”, I would also add Newsom to that thought!

[@enriksouls6636]

It is the same here in Oakland! Our store front is $7,500 a month. The big companies get bailed out and the little ones are left to fend for themselves.

[@lollolboy]

Graham doesn't seem to own commercial properties so he probably don't want to talk about that. How are businesses going to pay for rents if they are either shut down or barely open. There are some businesses who are thriving due to the situation but I know a lot of businesses are suffering from this. Probably biggest reason why renters for residential still be able to pay for the rent is unemployment, stimulus checks, and they are still working some what. Commercial rents are a lot more expensive than residential in most cases and even if business has reserved cash, it will burn through it very very quickly.

[@ryanturner8577]

I live in IL. Same thing over here. My mother is a large commercial property manager. None of the tenants can pay rent this month. Talk about $50k+ a month for most of these companies. IL is also extremely cucked on opening up our economy thanks to Pritzker. It's awful. I know council members from counties are suing, and other areas are basically going to defy the orders. Real estate is not going to look good by the end of the year. It will be good for investors with cash though.

[@chrisbrannick9497]

What worries me is how many families may have had to go hungry to pay their landlords salary. But happy to see that you understand that possible missed payments and working things out with your tennents is part of the "job" you got yourself into.

[@clarissainjapan]

I appreciate the fact that he is matter-of-fact and genuine!

[@geoffbowden]

Smashed the like button for the potential smash to rental income. Always great vids Graham!

[@agedlikemilk4726]

Smashed it ❤️

[@GrahamStephan]

yes!

[@GrahamStephan]

THANKS!!

[@gasdorficmuncher9943]

smashing !

[@bradward4150]

Already smashed!

[@enriksouls6636]

completely missed the reasoning as to why folks are paying rent. they are AFRAID. Whats worse than being jobless? being homeless and jobless. people are cutting back on everything and paying rent. once people have to make a choice between rent or food. thats when you are gonna start to feel it. people are burning through savings.

[@saranwright7113]

Most people dont even have savings :(

[@rzmonk76]

0:30 home owners have to pay a mortgage too, so it’s like paying rent plus property tax, plus paying for all the repairs out of your own pocket.

[@danielle7061]

I really appreciate your landlord philosophy. I’ve rented a home from a landlord exactly like this and my husband, daughter, and myself stayed for years (she eventually sold the home as she was getting older and didn’t want to mess with it anymore)... we always had a great relationship with our landlord and took excellent care of our home as if it was truly our home. I hope to see more landlords like this as I’ve also had the opposite experience as well. Just my 2 cents as a mother, wife, and renter 👍🏼

[@ctgeisler]

Hi Graham! I'm working on my Washington/Oregon license right now and I have binge-watched all of your real estate videos getting ready. Thanks for making them. Good luck to you on your tenants!

[@GrahamStephan]

Best of luck!

[@smashpropertyinvesting]

My tenants bailed on my lease , literally moved out saying nothing. Then a squatter moved in.. my property manager got the fright of her life when she did an inspection . Thankfully not much damage from the squatter 🤦🏽‍♂️

[@GrahamStephan]

yikes! sorry about that!

[@RichardWalls]

Wow! What city was this in?

[@hybridmajik]

How did you get rid of the squatter? I always hear horror stories of the squatters taking months to remove.

[@johnmayer5718]

@@hybridmajik he probably found him not long enough for the squatter to claim any "squatters rights"

[@joebie7315]

That's called abandonment. And the landlord has the upper hand in this case.

[@ruthferguson6903]

The possibility exists that a lot of the people who ended up being able to pay their rent in April were able to do so because they got some stimulus money. I would like you to do a follow-up at the end of May, especially if we don't get any stimulus money, to see if the information is still the same at the end of May. If we do get stimulus money, then that could offset the fact that people are out of a job and are unable to pay their rent.

[@AustinxCottrell]

I legit smash the like button right when Graham brings it up. Love the way he brings it up in every video slightly different every time.

[@JPMansionTours]

Graham I am a huge fan of all of your videos, real estate is my passion!

[@GrahamStephan]

Great to hear!

[@3Canibus]

Hey I am a renter myself and have made very sure to pay rent and do it before or on time. I have been using your vids to get a better hold on life. Thank you for making these vids

[@GrahamStephan]

That is awesome! thanks for watching!

[@dr.strangelove5708]

Even better if you cannot pay your rent use the legal principle of Force Majeure to fight it and if your landlord had any sense he would look it up too for any debts he has :)

[@TheLandlordAdvocates]

More tenants need to follow your principle. Best wishes towards a better future... it seems as if you are heading in that direction.

[@tino4769]

Other people see this act as a sign of self sufficiency, when in all reality we're just rationing our food and other necessities.

[@quarter986]

GRAHAM!! We Need a real estate template/checklist for BRRRRing houses!!! Step by step guide. And the terms we get it for with no money.

[@kazperdadon9176]

I gotta give it up to you G you be working ya ass off. Thanks for popping up in my IG story this weekend bro! Had to show some love & smash that LIKE button.

[@2dubw134]

With my 21 units I have three tenants that have struggled and one of those three hasn’t paid me a nickel since March and that’s just what it is but we’re still paying the bills

[@GrahamStephan]

glad it isnt hurting!

[@duanejackson6718]

If laws were changed and landlords could toss a Tennant for non-payment, like they can at a motel, then almost 100% of the tenants would pay on time. They don't pay because they know they can get away with it.

[@Imchicbad104]

Maybe they’re one of the millions trying to still get through to unemployment. People have been 2 months without pay now. I hope it all works out. But if you have the money you should pay your rent- absolutely.

[@YeshuaKingMessiah]

Theyre not the ones making double what they did by not working lol or they havent gotten a DIME from anywhere yet. Its a thing, yeah. Theyre prob out there working their asses off and barely buying groceries becuz they cant get the money theyre supposed to be getting.

[@ttdailynews]

@@duanejackson6718 if they don't pay - you lose some cash. If you kick them out - they become homeless. So no, laws obviously should be on the tenant's side. Because in any situation you will be ok. He won't.

[@beth4015]

I have practiced your renting guidelines without realizing it. Treat others the way you want to be treated is my philosophy too. Thanks for sharing and btw, I remembered to smash the like button after your reminder. 😊

[@dariomamborealestate9683]

great video graham, I've been following you since 2017 and I'm impressed how far you've come. Thanks for the inspiration and sharing your gems.

[@Tristen501]

There's so much good information in this video I watched it twice.

[@GrahamStephan]

thank you!!

[@GrahamStephan]

hah awesome! thanks!

[@justanotherperson4409]

I've never thought about this from a renters perspective. It's basically the same thing as a person loosing a job.

[@GrahamStephan]

similar!

[@afisemenaborevlaka48]

@MrUkstriker You don't understand what hardship and labor went into having a couple of units for some extra income later on in life. You are free not to rent though, and go live in a van down by the river.

[@Kill3rrockstar]

Not exactly when you have a job you provide something to society landlords are just leaches

[@blakeburleson9776]

Thankyou, I appreciate you filling out the description. A lot of times I can't sit down for 13 to 20 minutes so being able to digest at least the concept in a shorter period of time is badass. Keep climbing 🙌

[@iowndvc]

Like you, I am a landlord. I have 5 properties, with 9 tenants total. I maintain my properties to the point I would be comfortable living in any of them, even the lower income property that accepts Section 8. I have been very fortunate through this that all of my tenants have been able to pay their rent. Some a few days late, but always by the 10th of the month. One of which I haven't raised rent on since I purchased the property 5 years ago because she is elderly and takes very good care of the property. WHile the business certainly is not without risks (I've had two units totally trashed) most of my tenants are awesome people, and I am thankful to have them. You are absolutely correct, people are people, no matter their financial position, and should be treated fairly.

[@dionysmedrano]

Also, polls should start saying "out of 1000 Americans surveyed, 1/3 did not pay".

[@callmemanny781]

I knew that headline was over blown when I first read it 🤦🏾‍♂️

[@GrahamStephan]

yep!

[@callmemanny781]

Graham Stephan holy smokes 🤯 thanks for replying!! 👏🏾👏🏾

[@parabellum1002]

Landlord here with tenants in TN, TX and OK. In April 75% paid on time the other 25% paid late but they did pay in full. May 1/2 paid on time. 10% have paid late so far the other 40% have paid nothing. TN was the worst offender OK the best. The state of OK never had a shelter in place order. Things are pretty business as usual there

[@cheesebear3353]

Sad to see so many people failing to live up to their responsibilities.

[@JohnDoe-pf6qp]

@@cheesebear3353 When you have left wing politicos throwing people in jail for running businesses what do you expect?

[@therealctoo4183]

@@JohnDoe-pf6qp When you have right wingers failing to plan and adjust for what's going to happen, expect business as usual until it gets bad. Then we're all screwed, as health insurance is useless and a simple accident can be a death sentence since hospitals are overwhelmed.

[@markmckinney9821]

@@cheesebear3353 so many people have absolutely no savings. Very sad. 1200 dollar stimulus was a joke for most people. Emergency savings is a necessity for situations exactly like this. Americans spend too much money on BS and dont save for anything.

[@gcod3d161]

Mark McKinney that’s what happens when we allow huge corporations to spend $$$ conditioning the population over decades through advertising to uphold consumerism so they can make as much money as possible to spend more money on ads and politicians to continue conditioning people

[@justwatching1980]

This is awesome! You went from commenting on the news to making the news! This is true investigative reporting. We need more of this. Not just from you but from reporters. Too many news organizations chase the latest story instead of following up on what happened before. Thank you! Smashed the like button for you.

[@ReeceIovine1]

I know multiple investors holding cash on the sidelines until all benefits expire before buying more property. Not really sure if that's a good idea or not but shows many people feel we are headed for worse times...

[@d1zguy864]

Good to hear many people learned from 2008

[@AAOCFORLIFE]

"Poor people don't deserve housing from us" is all I read from that, this is why a growing number of young adults want to you know, revolt against capitalism and seize property.

[@rtardbox]

I'm sitting on two-million in cash and was about to buy multiple rentals here in Las Vegas to add to the 14 homes I currently own... but now that the government is letting me know in no uncertain terms that a) the constitution is merely political toilet paper and b) "my" houses are actually THEIR houses that they lend to me so long as I don't charge rent when they tell me not to and make sure I pay all the property taxes they require at the end of the year. Yessa-massa! I be good Toby-boy foe y-all, massa! Pleeeze don't beat me, massa! Don't put me in dat prison, boss! I be a good niggaboy! Welcome to the "New Normal" ... the "covid1984" normal!

[@MrBobberino01]

Xander Please, for your own sake, consider changing your mind. Capitalism is a tool for wealth creation. You should participate, it will increase your own standard of living for the better. It has worked for millions, it can work for you and your family. Save up some capital, invest in yourself, give back generously to society. That’s what we should all do.

[@HamiltonRb]

Xander Yea, I remember how the hippies in the 60’s wanted to revolt against capitalism and the man. Then they grew up, got a job or started a business, became the man and decided having money is better than complaining because they are broke. Good luck

[@lucalotzbeyer6823]

Graham: Does his basic "Smash the like button" statistic joke. Me: still thinking that there comes a real statistic.

[@ttraderjim]

One of your best videos yet. Wise beyond your years. Thanks.

[@kallanthomasleatch8701]

Graham is such a good human and provides such objective information. My favorite KZbinr for sure!!

[@trakkerfrench5006]

“I’m never gonna financially recover from this.”

[@GrahamStephan]

Hahah

[@CheSanassa]

😂😂😂

[@maxmackinlay618]

@Secretly a celebrity employee puts hand inside cage, never comes out :(

[@NiLaCreated]

Last time I was this early I could still go to the gym... I miss the gym..

[@GrahamStephan]

:)

[@artsbybware4790]

same

[@nunyadamnbidness2531]

me 2

[@dolphincliffs8864]

Same

[@kellyrabe5180]

I think being a landlord is just like having a roommate you have to be able to know that you can afford it all on your own because no matter how hard you try to plan things will come up

[@robertoenamoradoakaroberto5654]

Greatly appreciate your sensibility.

[@_baller]

Graham: I'm a residential real estate investor Also Graham: I'm now a full on KZbinr and going white water rafting with Jake Paul

[@n3rdpl0w]

Hanging out with a guy who cheated on his wife... 👎

[@taoist32]

Brendan Who he was not legally married to.

[@ModernJewelryMakers]

Thank you Graham for your compassion- I had to work out a payment arrangement w/ my landlord and one of their first comments was that they “couldn’t afford to pay 2 mortgages “ and while I understand that - my other thought is that’s part of the risk you took deciding to rent your property. I also thought - I wish they subbed to your channel!

[@lynnb2562]

You are a really good landlord. I wish more places had landlords like you. Thanks for this update, it really puts things in perspective.

[@SimplyJack3]

Thanks for following up.

[@steamtube8779]

"Treat everybody like people" I think you nailed with that, a lot of time we see others as: tenants, costumers, business partners, store salesman, etc. But in the end we are all people I have to treat each other with respect

[@Kill3rrockstar]

Landlords and CEOs are definitely not people though they make money off the suffering of people

[@MinerMovie]

Graham call Dave Ramsay on his millionaire hour. That would be the collab of the century

[@GrahamStephan]

haha I'd love to

[@shelbyremington3282]

Graham Stephan please! That’s be great to listen to.

[@colinbickford6017]

Graham it’s tenants like you that don’t raise rent for ridiculous arbitrary reasons that should multiply and be everyone’s landlord! You are a good person!

[@8269559628]

Video on how you find renters please! Where do you advertise? Whats your application look like? What do your advertisements look like? Etc.

[@russelljamesmassey]

1/3 of people smashing the like button is pretty dang good!!! 😎

[@GrahamStephan]

Yessss

[@russelljamesmassey]

Graham Stephan 😂👍🏼

[@kevindudson2344]

Mo like 1 in 10 for this video.

[@WhskyTangoFxtrot]

Every time he asks us to like the video, it makes me want to dislike it. Graham will be panhandling youtube likes on the streets of LA soon.

[@JoeOtaku]

47k views, 4.1k likes...hmmm, wish I could do maths.

[@mehrshadvr4]

My wife's employer owns 3 houses and non of them paid their rent for 2 months.

[@antfazo4783]

Damn

[@CobraFlows]

Over leveraged. Maybe he should consider getting... a job.

[@FrankC656]

Coby Christiansen sounds like the person has a job....”employer” I’m thinking that means business owner

[@sammossbeck5250]

Coby Christiansen That is his job

[@mehrshadvr4]

@@sammossbeck5250 no. He owns a nail salon.

[@petenestor1]

Thanks for your very detailed analysis Graham. I look forward to your updates throughout this crisis. Your channel is incredible-a must for all landlords! So far all rents paid in my camp.

[@TheLandlordAdvocates]

Here in NYS, landlords are having a much harder time with tenants.

[@petenestor1]

@@TheLandlordAdvocatesI am very sorry to hear that. We are all curious what the rental landscape is going to look like after the dust settles. There will probably be less home buyers due to this crisis which means more tenants competing for rental units.....I hope. I think that the "mandatory rent due" mindsets vary region to region. Politicians making fruitless "free rent" promises doesn't help matters. We generally beautify units, screen very thoroughly and bring in tenants with stringent income requirements and strong work histories. If they need an occasional extension-we work with them. I think that the CARE Act saved most landlords ...for the most part. Best of luck. This video was excellent.

[@mitchellbrennan6935]

Another banger of a video!

[@kiavashzare6584]

News and media exaggerate everything. But if the landlords take it easy on the renter in these hard days it would be cool. I hope most of you guys could pay your rent easily.

[@dayanaasil7917]

I lost my job and couldn't pay the rent.

[@johnotegi8852]

this coronavirus made so much money for news and media

[@learningfinance4807]

I have a problem here... smashed the like button , broke my phone duh 🤷🏻‍♂️ You like stocks ? I am new here, trying my best 😊

[@davidebertini4023]

👌🏻

[@GrahamStephan]

:O

[@mgenz5063]

😂

[@elz6868]

Nice little channel man!

[@robertbale5772]

Keep it up

[@hankbergstrom6000]

I love this. “Don’t believe all the head lines exactly as they are written” including your titles Graham! Love the channel man, thanks for sharing your insight!

[@champlainscrap6076]

It's gonna get tougher. More and more people will pay later in the month and then they will start being late by a month

[@chriswayneecf9236]

You know that having multiple offers above asking price is not normal outside of the expensive coastal cities, right?

[@fireboltaz]

Bro. With the amount of cash you make off of KZbin revenues, you’re absolutely fine.

[@officersack1460]

And?

[@charliecheese13]

He takes his job serious, that's how he continues to succeed.

[@lijohnyoutube101]

So he just shouldn’t be paid just because others weren’t responsible?

[@fireboltaz]

Lisa Eichler-Johnson no they need to pay. I’m saying he’s going to be fine while things play out.

[@Dahrenhorst]

What became quite clear here, is that the relief money given to the poor and needy will not stay with those people. Eventually, it will end up in the pockets of the rich and owning. Actually, it is designed to prevent losses for business and real estate owners.

[@JazminBautista]

Basically!

[@charlespage4380]

My old boss owns 127 rentals and as of today only 3 have not paid. 1 of which was supposed to be evicted by Sheriffs the day after they put out no one could be evicted (meaning 10 days after court said they were evicted and had 10 days to vacate). To date that person has not payed again. New court date set for June 2nd which means the sheriffs will be back to escort them out on June 12th. Now this person received the $1200 stimulus and $950 a week from unemployment (normal weekly pay $520). My question is, How can that person not be able to afford to pay $500 a month rent? Basically now this person will end up with 3 months and 2 weeks of free rent. could file suit against them for unpaid rent, court costs, etc... but being the type of person it is, they would never even pay even if court ordered.

[@zainulabideen8386]

This man is earning more on youtube than from real state.

[@TheLandlordAdvocates]

Frankly, that might explain why he can charge below fair market value for his ten apartments. What tenant is not going to like that and not want to stay?

[@buckhanan363]

I'm a landlord with the same attitude as you when it comes to tenants. I go below market by an average of 5%, have only raised rent once in last 8 years. After a few missteps in tenant selection, I consider myself lucky to have 90% occupancy in my houses the last 6 years, and only 1 tenant that has informed me they may have a problem making full rent next month. Rentals account for about half my income, so if problems do develop, I will have to cut back on discretionary expenditures, but will survive financially though it will be tight. Thanks for the informative videos, and I SMASHED THE LIKE BUTTON...

[@coneris]

Meanwhile there's landlords (like mine) who just sent out that they are raising rent for everyone. "To maintain the same quality were receiving now" - you know, like how all the amenities (social areas, pool, fitness center, etc.) and office personnel have been closed/cut way back for the past 2 months

[@FreeToBe]

I 👀 you getting close to that 2mil...so awesome and inspiring. I remember finding you when you were a “small” under 100k channel.

[@FreeToBe]

Oh and thanks for another great video!

[@09mtcamp]

I moved to nyc in September for a internship. I purposely moved into a women’s-residence it’s nonprofit that bases rent income. I worked with them to get my rent lowered when covid reduced my hourly rate by a bunch. I feel blessed to be working through this pandemic.

[@sirgalahad1470]

8:05 It may just be the lighting, but I think Graham might have replaced the normal bricks on his wall with actual gold bricks.

[@GrahamStephan]

you found me out!

[@knightriderfan1]

Haven't watched the video yet but already gave it a like!

[@GrahamStephan]

Awesome thanks!!

[@gosunda3088]

thats just stupid

[@rtd4451]

Graham thanks for all your help

[@merredith-thingsyouwannakn1730]

I love when you slowmo, deepen your voice and scold! Very funny!

[@yontiath672]

I saw this video before my notifications notified me. I am speed

[@GrahamStephan]

:o awesome

[@baronkimble5378]

People are paying their rent through inflated currency, like unemployment. Eventually this will result in higher prices as velocity of money picks up.

[@falloutnewgunner]

Deflation then hyperinflation. Pm and btc.

[@GeneHarris1015]

Great video. Please continue to post updates over the next few months. Unfortunately, trend may continue. I have been a professional in the rental industry for 20 years. We typically under write 3% - 5% delinquency. The problem; it was 5% this month, then they roll to next month and it’s another new 5%, but last month’s folks are still there waiting to get evicted. So, now you are at 10% delinquency. The wheels start to come off when you start to fall below 90% “economic occupancy” or “physical occupancy” . We saw this during the last recession. I fear deep concessions are next.

[@Debo1717]

U really make great, thoughtful content. Thanks Graham

[@dhowto3005]

Tenants are responsible, and it shows because they're paying their rent! All the best on finding a tenant for your vacant rental!

[@scruffy50531]

"Health of the economy" but how is that "health" measured? We're seeing the market shoot up and climb for a few days and people say "the economy is on the rise" but to the average Joe, and economists everywhere say the economy is not going to be "healthy" for a long time. Measuring the economy by the stock market is going to be a really bad idea yet the current administration seems to think "open up" means a booming economy and people going right back to work and spending money on everything again. I think stimulus payments are going to be needed for quite a bit longer.

[@sandorpoloskei5074]

I wish I could give you a double like. I really respect your landlord/people business philosophy and wish more landlords followed your example.

[@DkingE39]

I always love the solid info you give 🙂😁

[@tuken9747]

Then there's my landlord that continues to charge us an extra $300 for amenities when they're all locked out.

[@TaylorGIrard11]

Yeah. There's a lot of that crap going on right now. I'm sorry to hear that.

[@MsDogan2U]

Don’t pay it

[@sarapenn6735]

If they try to charge you for the amenities you should get a lawsuit going... maybe get the other tenants in on it too, especially if it is specified in your lease. ...unless you live in Arkansas...then you’re fucked.

[@lynnb2562]

I was annoyed at how many places weren't giving discounts for all the amenities they couldn't let us use. Part of my rent goes there too.

[@fabbkitty5884]

My point exactly! Bullshit!!

[@zachdowdell583]

I wonder why we still have "squatter rights" it made sense when it was made but now 😬

[@god6210]

Zach Dowdell I don’t mind. The farmer who lives beside me wasn’t using land about 10 years ago so I started using it. Now if he realizes that I’ve been using his land for the past 10 years and brings me to court, squatters rights saves my butt. Now the property is part of mine.

[@wcc4269]

@@god6210 i hope youre joking

[@TheLibran1]

@@god6210 F-Off dude, that property isn't abandoned its just large maybe. Perhaps he has rotating pasture or health problems or something. Any number of indefinite reasons. Ultimately, you did not locate an abandoned property and doing improvements you just found a niche of a habitated property they don't bother with and have dug yourself in like a parasite. Posts like this are examples of misuse of adverse possession.

[@greenlawnfarm5827]

Some times my mom cant pay the rent so she has to visit him sometimes.

[@polishjinx]

I will be honest. I never "smash the like button". I dont like the activity showing up in my feed and prefer not to like videos. But this time, your ask was sooooooo impressive I had to. You won. I did it.

[@MJbffN]

I just realized you're on "Selling Sunset"! I was so excited to see you lol