Ohio on Lockdown Until April 7th

[Anthony Aviles]

Today the Governor of Ohio issued an executive order requiring Ohio residents to stay home beginning March 23rd at 11:59 PM until April 7th. Thankfully, real estate and other key business have been deemed essential and have permission to continue operating during the executive order.

Page 7, Section U of the order states that the following business will be considered "essential." Professional services, such as legal services, accounting services, insurance services, real estate services (including appraisal and title services) among other obvious establishments like gas stations, grocery stores, and hospitals.

With a complete shut down avoided, what are your concerns, if any, regarding your real estate business, portfolio, or plans to invest?

[Tom Ott]

Originally posted by @Anthony Aviles:

Today the Governor of Ohio issued an executive order requiring Ohio residents to stay home beginning March 23rd at 11:59 PM until April 7th. Thankfully, real estate and other key business have been deemed essential and have permission to continue operating during the executive order.

Page 7, Section U of the order states that the following business will be considered "essential." Professional services, such as legal services, accounting services, insurance services, real estate services (including appraisal and title services) among other obvious establishments like gas stations, grocery stores, and hospitals.

With a complete shut down avoided, what are your concerns, if any, regarding your real estate business, portfolio, or plans to invest?

That exemption list seems pretty wide-ranging though. Also, the state has made it much easier to get jobless benefits so that should help in the short term. A solid investment could still be a solid investment when this storm is over. Unless 2008-2009 this was not caused by some underlying abuse of the system and it is a global health issue. When the storm is over and everything clears, things should bounce back...eventually. Your investment could have been earning depending on the tenant's situation.