Answer: depends on the program. We’ve seen quite a few and recently successfully completed a local program (on behalf of the owner) that got the property owner reimbursed for approx. 2.5 months of unpaid rent (because the resident was able to pay except for 2.5 months of the qualifying time period).
The more accurate answer is: know the fine print. Every program we’ve seen comes with caveats of some kind. The process can be a bit tedious and time consuming but worth it in the end if the property owner recovers some lost rental income.
Many of the programs (if not all) are dependent on both parties making applications (resident and property owner). Most residents are willing to apply as they want to be relieved of as much of the unforeseen burden as possible. As for owners, we can assist them in that process as the property manager of said rental property.
It’s a good amount of data gathering but once complete--as is the case with the newer Our Florida program (https://www.ourflorida.com/) could cover up to 12 months of unpaid past rent or 3 months of upcoming. All of this is predicated on criteria satisfaction/qualifying for both parties.
Navigating the process on their behalf is just another way FPM Properties is proactively working to ease the angst for property owners whose residents have experienced a hardship and all are suffering as a result.
For more details or to request assistance: marketing@fpmproperties.com