Rachit M.
Gov. Murphy will order evictions, foreclosures to stop in N.J.
23 March 2020 | 9 replies
This is a stressful situation for everyone.
Kim Tucker
COVID19 and Fair Housing
23 March 2020 | 5 replies
You need to have written policy in how you deal with tenants and apply that policy across the board.If you allow pets under a certain weight, they have to be allowed across the board.If you have a policy that all tenants must make 3 times the rent, then all tenants must meet that.And if you have a policy about waiving late fees, or reducing rent, or waiving one month of rent, whatever it is, you really need to apply to all.When landlords get into case by case basis with a different rule or decision for every tenant, that's when you set yourself up for a fair housing violation.
Matt Nico
Cant get financing with 3 cash flowing properties + a job. Why?
23 March 2020 | 48 replies
That helped reduce my DTI.
Bill Horton
Coronavirus - Commercial Real Estate
20 March 2020 | 17 replies
This will greatly reduce the need for office space.
James Ashley
Over Leveraged. How Much Is Too Much?
20 March 2020 | 2 replies
The economy goes through a recession can you handle vacancy or reduced rent for a time being.
Tosha Revere
To renew or not to renew
20 March 2020 | 8 replies
All of this to reduce exposure and will sanitize all for knobs I touch after they leave.
Steve Q.
Covid-19 Crisis - Take Forbearance or Spend Reserves?
5 April 2020 | 6 replies
Looking likely that many lenders are going to offer Mortgage Forbearance such as reducing payments for a few months or suspending payments for a few months.
Ken Nyczaj
Neighbor wants to run drainage through my flip
20 March 2020 | 2 replies
@Ken Nyczaj There are a few things he can do to reduce the amount of water coming through your property.
Pete Storseth
Last chance to apply for credit lines?
22 March 2020 | 11 replies
Many private lenders are reducing LTV's, cutting off credit lines and raising rates.
Peter Nikic
Communicating with your tenants Regarding COVID-19
23 March 2020 | 26 replies
The n is a multiplier which is the number of years you have occupied the property.If this is your forth year as a tenant, then the number works out to be $50*4 = $200.If this is your first year as a tenant, then the number is just $50*1 = $50.This is then the amount you can deduct from your rent for a period of say 60 days or longer (TBD) IF you the reduced rent on time.