@Serge S.We always say let’s not over react to a situation.  

Many tenants and landlords will hear many things, interpret what they hear the way they WISH to hear it and then react to what they think they HEARD.Based on what you asked up top, I'm sure you can handle it with wisdom and grace.   

Seeing what is happening in Europe and the US government unfortunately not reacting quickly, but trying to let thing be as normal as possible for as long as possible - which might make things worse in the long run.

I’ve seen a few disturbing posts recently, mostly on social media, but a few here on BP as well, where the posters are reacting almost with glee that we may finally be heading toward a dip in real estate so they can cash in on good deals.This post is strictly my personal opinion, but also a call for others in the real estate industry who came through the previous crash to provide some much-needed levity right now.

It heals your mind, your body and your spirit.

I'm wondering how both sellers and buyers are reacting to what's going on.I'm a very lucky person. 

If you don't you may end up finding the body of a crazy old cat lady with 50 cats in one of your units.All pets need to be spayed and neutered to prevent a house full of puppys/kittens that they finds to cute to give away. 

We have drones from when we bought the dirt and every phase of development.. we will shoot one Friday with the roads all paved.. then as we start the houses.. make for great material to show your body of work.  

The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…

I think it is funny when people caution others as being unprepared when they are in the process of reacting and responding when things shift swiftly.