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Small landlords scrambling to accommodate rent reductions while making mortgage payments

When businesses began temporarily closing amid the COVID-19 pandemic, several tenants in David Cinelli’s two rental properties lost income.
The Toronto-based realtor and landlord reached out to his tenants, offering rent deferrals or partial payments to those who were struggling financially. And although Mr. Cinelli says he can sustain a rent reduction in the short term, he needs that money to pay the mortgages on his properties…[Read More]