Keivan Darius
Corona virus pandemic Tenants Losing Jobs
6 April 2020 | 3 replies
I'm not sure if on the Property management or asset management side there is any thing about delaying paying building bills, water, electric, mortgage, insurance....Kindly let me know if any of you aware of any laws or programs that we can apply for to protect the business until this issue get back under control.
Chris Lopez
Denver Coronavirus updates and Q&A
16 April 2020 | 72 replies
We think it is important to look at Denver real estate in 5 day increments since corona virus became real (I'm saying March 12th, which is when the NCAA canceled the tournament.)GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan.$800-$1.2Mdown from 5 day increments before, but not significantly and a small data set
Izaya Sanderson
What certifications or licensing is needed to Rent Properties
24 March 2020 | 1 reply
Sometimes you need a Certificate of Occupancy to use the home as a rental unit, along with periodic inspections to maintain the C of O, other places you may not.
Natalie Cloutier
Coronavirus: email to send to your tenants
14 April 2020 | 160 replies
I am following Brandon Turners method of emergency rent reduction program.
Scott B.
KS Covid-19 assistance programs
21 March 2020 | 0 replies
As we’re approaching the second and third week of tenants possibly being impacted by Covid-19 furloughs I’m curious if anyone knows of resources we can share with tenants when they approach asking for forbearance or payment plans.I know KS has put a halt on judicial processes for evictions and whatnot, so I’m curious if they also have setup some sort of funds or programs to help ppl get through a rough month or two?
Jack B.
Should you let tenants know rent is still due or wait
24 March 2020 | 11 replies
If they work with us, we’ll work with them.Another thing we’re doing is providing a list of rental assistance and unemployment programs.
Jill F.
Rent and Covid-19-our letter to tenants
8 April 2020 | 73 replies
Republican or Democrat wants to be known as the person that shut down an affordable housing program on their watch.
Jonathan Bombaci
Missing April Rents Due To Covid-19?
23 March 2020 | 3 replies
I'm kind of expecting these programs to be stood up and funded on a national level otherwise there is going to be huge eviction problem this summer.
Brittany Chesley
Getting My Real Estate License - Choosing A Brokerage
30 March 2020 | 2 replies
@Brittany ChesleyHi Brittany, I’m with Berkshire and they had a great training program all online on zoom and if you complete the program within a year, you’r commission % increases.
Frank Procopio
Landlords on lockdown, how are you handeling maint calls?
22 March 2020 | 6 replies
Providers of Basic Necessities to Economically Disadvantaged Populations, Including:homeless shelters and congregate care facilitiesfood bankshuman services providers whose function includes the direct care of patients in state-licensed or funded voluntary programs; the care, protection, custody and oversight of individuals both in the community and in state-licensed residential facilities; those operating community shelters and other critical human services agencies providing direct care or support9.