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10 April 2020 | 23 replies
Most properties are old here and, although they are rentals, they need pretty comprehensive rehabs.
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10 April 2020 | 3 replies
If the economy is doing poorly, then more individual households will be struggling financially and looking for ways to sell before going into foreclosure.
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19 July 2020 | 13 replies
Doesn't the governor see that he just left out in the cold anyone who isn't in housing, anyone who needs to escape an abusive household, anyone who needs to move here for a job, or who needs to move, for any reason?
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27 April 2020 | 9 replies
Help for Airbnb and Vacation Rental OwnersWhile long-term effects on the short-term rental industry are debatable, here are some things you can do right now:Reduce your vacancy rates as much as possible by offering discounts and being more flexible during this timeCut your expenses by eliminating welcome gifts, reducing amenities and subscriptions or applying for mortgage deferral programs, as discussed aboveIf you’re an Airbnb host, apply for cancellation reimbursement under the $250 million Host Relief Fund available for qualifying cancellations (up to 25% reimbursement of what you would normally receive from a canceled booking)Consider turning your short-term rental property into a long-term rental, at least for now, as the traditional rental market is not expected to be impacted as severely as the short-term rental market Additional ReadingResources for Property Owners and Agents from the National Association of Realtors is a great list of general recommendations and resourcesList of Relief Programs Offered by US Banks, published by the American Bankers Association, is a comprehensive list of specific measures banks across the US are taking to help borrowers in needCOVID-19 Tax Resources Center by the Drucker Scaccetti tax services firmLegal Guide for Landlords by Julie Anderson, written for the Mid-America Association of Real Estate Investors, provides general legal guidance and advice for real estate investors Please let me know if I missed anything, or if there is any inaccurate information, so I can correct it.
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16 April 2020 | 10 replies
Median Household Income3.
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23 April 2020 | 20 replies
The bill would require the court, if it determines that the tenant’s inability to stay current on the rent is the result of increased costs in household necessities or decreased household earnings attributable to the COVID-19 virus, to make an order for the tenant to remain in possession, to reduce the rent for the property by 25% for the next year, and to require the tenant to make monthly payments to the landlord beginning in the next calendar month in accordance with certain terms.
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18 April 2020 | 3 replies
(It doesn’t matter whether the loss is deductible on your tax return.)You, your spouse, a co-owner of the home, or anyone else for whom the home was his or her residence:Died;Became divorced or legally separated;Gave birth to two or more children from the same pregnancy;Became eligible for unemployment compensation;Became unable, because of a change in employment status, to pay basic living expenses for the household (including expenses for food, clothing, housing, medication, transportation, taxes, court-ordered payments, and expenses reasonably necessary for making an income).An event is determined to be an unforeseeable event in IRS published guidance.Other Facts and CircumstancesEven if your situation doesn’t match any of the standard requirements described above, you still may qualify for an exception.
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29 March 2020 | 4 replies
Also, he will likely be going around shopping for furniture, kitchenware and other household items after arriving.
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25 March 2020 | 1 reply
Here's some to get started, and I'm sure people have better:* virtual work will migrate down the food chain of jobs, making internet/visual hookups more like a utility and possible differentiator for residential landlords*rental/business interruption insurance will evolve..more expensive and more comprehensive?
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11 September 2020 | 328 replies
The amount of household income going towards rent is near the all time high and this includes going back to when most households were single earner families.