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8 July 2020 | 23 replies
Make sure you have a contingency plan if things take longer to normalize than you expect.Also...if you don't know this already, insurance on a large (2,370 sq ft) NOO property is going to be very expensive.
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22 March 2020 | 11 replies
I'm hoping that if things aren't returning to normal, I can be of service to those in a bind.
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23 March 2020 | 26 replies
Please note that this moratorium only applies to HUD subsidized housing.We recommend landlords and property owners take the following action: - Do not forgive any rent that is due unless you are prepared to forgive everyone's rent (which we do not recommend); - If you are going to offer hardship relief, compose written criteria outlining requirements for the relief and then apply that criteria to all applicants equally regardless of the tenants race, color, religion, national origin, age, sex, pregnancy, citizenship, familial status, and/or disability status; - Require your tenants to communicate with you in writing and keep copies of these writings in your tenant files; and - Continue to follow your normal processes and procedures, especially regarding evictions.
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21 March 2020 | 28 replies
@Ryan Daigle and @Spencer Gray I think that both of you make good points under normal circumstances.
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20 April 2020 | 8 replies
You report income from a partnership based on your profit / loss % in the partnership and how much profit/loss the partnership reported.Regarding the 10% preferred - syndication normally don't distribute based on 10% of taxable income; they do it based on book income or cash-flow.
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11 March 2020 | 2 replies
Is this normal?
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11 March 2020 | 1 reply
That being said, closing costs normally consist of the banks origination fee, taxes, appraisal fee, RE agents fees, title company fees, etc.
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15 March 2020 | 5 replies
If things are returning to normal by May/June, the rate may start to have an impact.
13 March 2020 | 4 replies
Then treat the house as a normal rental, so they pay rent every month and they are responsible for electricity, gas and water.
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20 March 2020 | 18 replies
They just started a moratorium on evictions, so I really wouldn't want good tenants decide that they're ok with the eviction, because it's an unusual situation and they can explain it to future landlords (I do think that many landlords, who normally don't accept evictions, will likely be more accepting on evictions in this time period, because all of this was unexpected).And I don't want them to break the lease and move back in with relatives.