A Negotiated Solution May Be the Best Alternative
“Sorry ABC Apartment Management Company! I have not been working. My employer furloughed me. You know, that Chinese virus thing...”
“Well Mr. Jones, I can see in my report that you worked for Starbucks 4 hours today and 32 hours for Best Buy so far this week."
"And I can see you put in 3.4 hours driving your 2017 Prius license plate number "I OWE MONEY" for Uber on the 14th."
"It appears you’ll be receiving approx. $632.82 this week.”
"And then there's that extra cash you received from taxpayers via President Trump."
"So, let's honor that deal you made with me! Will that be by check, credit card, Venmo, Paypal, cash...
Ultimately, both landlords and tenants need to communicate with full transparency. “Business as usual” simply is not an option during this pandemic.
100% Transparency
Tenants claim their income has been negatively impacted by Covid-19! How does the Landlord know this is true? Our new platform, “Instant Wage and Income Verification Pro” provides Landlords with real-time verification of a tenant’s earnings.
Landlords, Why Use IWVPro.com
We’ve integrated with your tenant’s EMPLOYER! We’ve built a HUGE DATA PIPE connected to Walmart, Amazon, UPS, Target, CVS, Del Taco, Uber, Kentucky Fried Chicken, Lyft, US Postal Workers, Best Buy, all 3 branches of the United States Military… 22,000+ employers strong and growing daily!
Your tenant requests forbearance? They can’t or perhaps don’t want to pay their rent? Get proof! Use our tool.
Tenants, Why Use IWVPro.com to Negotiate?
To achieve the best possible outcome, both tenant’s and Landlords will find it in their best interests to work in tandem until some kind of “normality” exists again.
Landlords who take a stronger tack and demand strict compliance with a tenant’s lease obligations need to fully consider the practical issues associated with enforcing the lease.
The Covid-19 pandemic has shut down courts! Judges have decided that an eviction action is not an emergency worthy of the court’s limited resources.
If an eviction lawsuit is successful – long shot in the current environment, the landlord should think carefully about the practical ramifications of evicting the tenant during the pandemic.
An Alternative to Evictions and Friction
For example, what is the likelihood of finding a replacement tenant in the current environment? Given ‘lost” rent, eviction costs, unit rehabilitation costs associated with a new tenant, doesn’t it make sense for a landlord to be flexible with a tenant who truly is negatively impacted by the Covid-19 environment? Of course.
Transparency
Our tool enables Landlords and tenants who seriously desire to negotiate a plan for the resumption of rent payments when business resumes, hours worked increases…
If the landlord and tenant ultimately agree to work together, they need to devise a plan for deferral of rent, payment of utilities… and to negotiate a trigger and timing for resumption of rent payments and payment of deferred rent.
IWVPro.com [Instant Wage Verification Pro.] provides landlords and tenants the peace of mind to enter negotiations fairly & objectively in real-time.
What We Do: On a Smartphone
Your tenant simply chooses their employers’ name[s] from our pre-populated list of employers! 14 seconds to verify if they are still working, how much $$ they earned, how many hours they worked this a.m., yesterday, this week, last week, last month… whatever! AND, your application is pre-populated with your client’s Name, Address, Employer, SS#, Bank acct., routing & account number…
Automatically update banking & debit card information stored in your customer’s workplace account!
Verify your Borrower’s work history as recently as this a.m.
Employment status. Full time, part-time, multiple employers, laid-off… whatever! We can alert you.
Landlords: Who & how many employers does your tenant have? We know!
Hours Worked? Refresh hourly!
The vehicle used to earn wages Trying to collect rent from an Uber driver? They tell you Corona-19 has cremated them? B.S. You can “see” they drove 66 hours this week in a 2017 Prius License plate number ZXF007 in any zip code!
Wages earned > depository account(s). You’ll know every bank account they have. You’ll be alerted if they change banks! If they change their home address; immediately.
White-labeled for Landlords, Lenders & Collectors! Name/Brand/Logo!
Tenant/Borrower/Debtor social Reputation monitoring. Yep! Social media reputation.