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24 April 2020 | 125 replies
I have almost no concern for the coronavirus crisis.
30 March 2020 | 4 replies
I just got laid off from my job because of the COVID crisis.
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31 March 2020 | 11 replies
My tenant ( an excellent one ) of 2 years informed me she will not sign a new lease and wants to move , however , since no one is showing apartments now she would like to pay month by month until crisis ends.
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31 March 2020 | 2 replies
I spent a few hours curating a list of resources for tenants to leverage in times of financial distress with a focus on the current COVID-19 crisis and wanted to share the results so others can utilize when crafting their landlord-tenant communications.
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3 April 2020 | 6 replies
This sounds insensitive but there is always opportunity following a crisis, make sure to learn all the systems and best practices while you're stuck at home right now.
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30 March 2020 | 3 replies
Many tenants are on section 8 or other gov’t housing.So the pool of potential renters who are truly out of luck and out of money in the current crisis is very small.
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30 March 2020 | 0 replies
After the multi trillion dollar stimulus was passed by the federal government, I can't help but compare our pending economic crisis to that of 2008.
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2 April 2020 | 7 replies
The challenge is that we don't have enough data yet to really look at the numbers and make any meaningful predictions or summations of the effect so far.There will likely be an increase in supply for the coming months in the Phoenix market, as the Covid crisis will undoubtedly push some homeowners in foreclosure, force some AirBnb investors to sell off some properties, and kick the iBuyers out of the market for now and force sellers to sell via traditional means if needed.It may be reasonable to expect a short-term recession (and I mean super short term, as everyone is hoping this will be over in 60-90 days), but it's not reasonable to expect a massive depreciation of home values or another foreclosure crisis like in 2008.Home prices in the Phoenix market have risen consistently since 2013 (like most of the country), but not outside the affordability range of average home buyer with a median home price of $265k or so.If the majority of average buyers can weather the storm with government aid and such, then we should be ok and bounce back fairly quickly once the pandemic subsides.
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4 June 2020 | 4 replies
Thanks @Tom Shallcross we also now have 18 month and 24 month options (no prepayment penalty) so if you need to put a renter in you can ride this crisis out.
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4 May 2020 | 49 replies
Airbnb was cash positive and was preparing IPO in 2020, before the crisis happened.