How is your firm reacting to COVID-19?
Im worried about job loss right now. 

&amp;#x200B;

This article defiantly did not help: [https://medium.com/@tombarrackjr/preventing-covid-19-from-infecting-the-commercial-mortgage-market-e7444701745e](https://medium.com/@tombarrackjr/preventing-covid-19-from-infecting-the-commercial-mortgage-market-e7444701745e)
[{"id": "flhj0mq", "text": "I\u2019m on the multifamily side.  Huge uncertainty on how to value properties given delinquencies and vacancies will spike to unprecedented levels in coming months.  Same with the lending side - unsure how the banks and agencies are going to do high leverage deals when we don\u2019t even know if tenants will be paying rent.\nUnsure how property inspectors and appraisers will get into units.  Unsure how property managers will full work orders, assuming they even have employees willing to show up to work.  Basically, until something changes there will be few to no new deals consummated.", "replies": [], "depth": 1}, {"id": "flhr9s1", "text": "Startup / service provider here. Everyone looks like a deer caught in the headlights. No one wants to make the first move and risk on losing their current position.", "replies": [], "depth": 1}, {"id": "flibd4j", "text": "On the commercial retail landlord side: \n\nOffering rent deferral to tenants who ask on a case by case basis. Prepared to make these deals with almost everyone except those unnafected, ie banks, grocery, etc.\n\nWe have an obligation to our tenants who are our strategic partners to protect our tenants from undue hardship so they can continue to pay rent for the remainder of their tenancies. \n\nThis is not their fault. It isn't our fault. Everyone is taking the L right now.... BUT\n\nWe have an obligation to our Communities, Cities, States and countries to make some financial room to help businesses re- open when this pandemic passes.\n\nWe have an obligation to ask municipalities to reduce or eliminate commercial property taxes this year.\n\nWe have an obligation to work with our lenders to make sure we can get the right amount of credit so we don't default.\n\nThese are extraordinary times to be a landlord. Every landlord in every city and town around the world is facing a similar situation where the economy has basically been put on hold for two weeks. Weeks will turn into months, but not years, and then normal life will return. We will then be focussed on recovery, which for landlords will be way smoother with tenants than without.\n\nStart thinking about the longer term recovery now, dedicate 10% of your brain power to it each day, or an hour each day, and it will pay off for you. \n\nReal Estate is a long term investment, not a short term one. Think long term.\n\nGood Luck", "replies": [{"id": "fliw9ng", "text": "I'm in the exact same position (retail LL). All service-based, some medical and also a lot of mom and pops. Tough times for sure. I echo all of your comments.", "replies": [], "depth": 2}, {"id": "fljv3wf", "text": "I agree. I do commercial interiors and about 70% of my work comes from service based industry. Not sure where to go from here..", "replies": [], "depth": 2}], "depth": 1}]