(*indirect avenues would be through Employment Insurance and/or Child Tax Benefits).If any of you need documents and/or forms filled out by your Landlord, we will reply quickly to speed any processing for you.We know you are very stressed just with keeping your family healthy.And we realize each of you are in unique situations.So, please call/text/email me directly if you need further clarification to your own unique situation.Again, this letter is relevant for today.Things change hourly…….so we adjust hourly.We will do our best to stay updated on the situation.Also, if you know of any programs that help tenants, could you please share them with me so I can share them to the other tenants we have?

But this downturn is unique and different.1. 

My problem is a combination of lack of knowledge and lack of time/skill.

If I want to get all of my costs back within 4 years (or less), I can say what % return "I got", but since percentages lie, if I said ahead of time that I needed to get an average return of that same number, I couldn't give you a specific %return I needed to do...since over a 4 year period, I can go through a number of different combinations if annual % returns...and get a different answer in dollars at the end.If 3 investors started with the same dollar amount (say $100k) and they had different annual % returns for the next 5 years, they would all end up with a different dollar amount at the end...even if the net percentage was the same for all three.Investor A:  +10%,+10%,+10%,+10%,+10%Investor B: +30%,-10%,+40%,-20%,+10%Investor C: +80%,-60%,+70%,-50%,+10%All three started with the same $100k.  

I use the combination of cozy and quick books to manage my properties (32 units) here in Berwyn.

Greg,I use a combination of Quickbooks online and Cozy for payments.

Truthfully, I'm not overly concerned about bouncing back or closing or I wouldn't be making offers, but I can think of quite a few unique hurdles that stem from a delayed closing (which I'm certain will be inevitable given I am in NY).  

Consolidation of this unique info is a huge time saver. 

I couldn’t afford to put down 25%, so I could let the property go (financing contingency was included in our contract), OR, I could remove the upstairs kitchen and combine one of the utilities.The sellers were obviously getting antsy at this point, but they were a lovely couple who’d rehabbed the home themselves and I’d created good rapport with them and kept them up to date during the whole process.

In order to get the property classified as a SFR and pay 3.5% down, I had to combine the electric meters and “remove” the upstairs kitchen (meaning disconnect the dishwasher and oven and put them in another room), so that the upstairs kitchen would then be classified as a “laundry room with sink”.