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22 March 2020 | 12 replies
etc.I think when people are saying that the real estate market is not affected by the virus they are meaning that downward pressure on prices and rents tend to lag behind the general market economy and so number changes would take some time to show up but you rightly point out that the buying and selling behaviour has been impacted by the social restrictions and this is very new so I agree that there is an impact albeit temporary.To respond directly to your concerns about extending - I wrote an offer yesterday and we included a hot off the press COVID-19 Addendum to the contract to mitigate the buyer's exposure if delays resulting from the disruptions caused deadlines to be missed - the traditional Purchase Contract in FL at least has a Force Majeure contingency in it but COVID-19 is not considered a Force Majeure event so you may need to consult with your agent/Attorney about how to get an extension.
22 March 2020 | 21 replies
A vacant property is a target for thieves and squatters.
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6 April 2020 | 3 replies
I own C-Class properties and many of my tenants are seeing increases in hours (hospital worker, truck driver, a few retail workers (Wal-Mart/Target)).
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4 August 2020 | 4 replies
My investment properties are all in Ontario, no matter how you look at it, cash flows from rental properties here are not comparable to those South of the border, for example, compared to my target markets in TX, FL, etc.
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16 April 2020 | 72 replies
We are requiring social distancing, booties and gloves if they go into an occupied house.
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14 April 2020 | 160 replies
One tenant who got laid off manages an office for a very successful dermatologist, probably makes more than I do.Our industry is all about housing people but do not let the government force us into social service responsibilities without some backstop.
23 March 2020 | 11 replies
It could be the timing and current events - our city has community spread, so everyone is probably using social distancing right now.
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28 March 2020 | 37 replies
Social isolation is still in effect at a property I’m rehabbing, and not traveling weekly for my full time job gives me time to save money by doing my own work!
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9 November 2020 | 3 replies
This can occur, usually through a family member or friend that is or knows someone that is getting ready to sell and you can get it at below market price· Direct Mailing & Marketing (social media, SEO, Google Ads)Another way to obtain Deals Off Market or Below Market Value· Driving for DollarsA technique where you drive around in neighborhoods that you are looking to invest in, and you look for Distressed and/or Value-Add properties.
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22 March 2020 | 16 replies
I take social distancing seriously and do not want to bring the public out to my properties.5.