In a Facebook post, Nathan Nichols said he will not collect April rent from his six tenants due to the ‘serious financial hardship’ the coronavirus could bring.
The South Portland, Maine landlord’s Facebook post is going viral because of his commitment to helping his residents during the coronavirus, COVID-19 pandemic.
“COVID19 is going to cause serious financial hardship for service and hourly workers around the country. I own a two unit in South Portland and all of my tenants are in this category,” Nichols wrote in the post.
Nathan mentions that the money he makes on the property in the form of equity, which he did not relinquish. For the foreseeable future, all the money that comes into his property stays in the property. What doesn’t go into the mortgage, tax, insurance, etc, goes into upkeep and improvement.
“All I really did was to add some time to when the front porch gets replaced in exchange for some much needed relief now,” Nichols told NEWS CENTER Maine via Facebook Messenger.
Nichols is asking other landlords to look into their own situations to see if they could help their tenants.
“I expect that many landlords are not in a position to do this, but there are certainly others who are,” Nichols said. “I hope that other landlords, especially if they are earning income from their tenants, will consider returning some of it in this time of need.”
This would be an incredible service to the American people as the COVID-19 virus continues to spread and more and more people are out of work for the unforeseeable future.