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11 May 2020 | 1 reply
Yes, in the long run this crisis will hit people's wallets and we may see more inventory from people who are downsizing, but I don't think that will happen until stimulus checks and unemployment run out.
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1 May 2020 | 4 replies
Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
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2 May 2020 | 2 replies
About a year later, I was in the midst of a major life crisis; My dad had just passed away and shortly after my marriage was abruptly ending.
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2 May 2020 | 0 replies
I've been informed that the courts open (as of now) 5/18 but first they are going to start with cases that were postponed due to COVID.my tenant was a problem before COVID and he is just taking advantage of the crisis.
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16 May 2020 | 5 replies
Also, what is this COVID19 crisis doing to the market?
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5 May 2020 | 7 replies
or is just flipping during a crisis a bad idea?
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3 May 2020 | 5 replies
Some major points in the bill; Extend the eviction moratorium for 60 days after the state of emergency order is lifted for residential renters as well as small businesses, with an exception where there is risk of immediate harm.Allow renters with financial hardships to pay rent over an extended period using a year-long repayment plan.Create an eviction diversion program that runs through December 31 2020, requiring both landlords and renters to participate in a mediation process designed to help resolve issues before they lead to formal evictions.Stabilize rents during the pandemic and for a year afterwards, during which landlords would be limited from increasing rents, retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Waive late fees on rent during the pandemic and for two months afterwards, which is retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Allow renters who are illegally locked out to recover damages caused by the illegal lockout.Call on the PA General Assembly and the US Congress to provide municipalities a comprehensive relief package to stabilize the local rental housing market and assist property owners, including large-scale rent subsidies for landlords to make up for lost revenue.There are concerns, expressed by HAPCO, that passing this bill would have a disastrous effect on property owners in Philadelphia by essentially passing on the costs of the COVID crisis onto owners.
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12 June 2020 | 15 replies
They think of all types of arguments to try to prove my business sense is wrong.Here is an actual example shared with me that happened at the start of the Covid-19 crisis.
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8 May 2020 | 11 replies
I realize it looks bad to raise rent during a crisis but I never thought "because it looks bad" is a good reason, especially if they are on their feet financially.
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7 May 2020 | 10 replies
I'm not looking for a handout, but fair compensation for suspension of my property rights during this crisis is a reasonable ask.