Bought my first property in 2019.
A two-family house.
Both apartments are rented out through two different City housing programs.
One program covers 60% of the rent.
The other program covers the full amount of rent only for a year.
As of today (January 28, 2021), one tenant owes me 3 months of their 40% portion.
The other tenant owes me 4 months of rent and the lease has expired for 4 months.
The current rent I received can’t even cover half of my monthly mortgage payment.
Due to the Pandemic, The New York State Law restricts the landlord to…