Kevin T.
NC Executive Order 142 Eviction Moratorium
1 June 2020 | 3 replies
The Order’s evictions moratorium:Is effective immediately and lasts for 3 weeks;Would prevent landlords from initiating summary ejections or other eviction proceedings against a tenant for nonpayment or late payment of rent;Prevents landlords from assessing late fees or other penalties for late or nonpayment;Prevents the accumulation of additional interest, fees, or other penalties for existing late fees while this Order is in effect;Requires landlords to give tenants a minimum of six months to pay outstanding rent;Requires leases to be modified to disallow evicting tenants for reasons of late or nonpayments; andMakes clear that evictions for reasons related to health and safety can take place.The Order’s utility shutoff moratorium:Continues effective immediately and lasts 60 days;Prohibits utility disconnections for all customers;Prohibits billing or collection of late fees, penalties, and other charges for failure to pay; andExtends repayment plans at least six months, and sets the default term for repayment to six months for cases when the utility and customer cannot agree on the terms of an extended repayment plan.
Mayer M.
How are you dealing with increased costs to build?
14 April 2021 | 34 replies
also for high end Wolf sub zero is 6 to 9 months out right now.. so i have two high ends going on for me and one to sell and I have to order my wolf and sub zero now.. or go shopping on craigslist :) seems like in our little world of SFR so far the pass through has worked but when you have a project of 250 units new build started 3 years ago at one budget number and the lumber was going to be X and its now triple of X but the rents have not gone up or in some A class at least on the East side of PDX it has gone down.. proforma's are going to suffer.
Landon Clipp
How to handle tenant damage from previous ownership?
21 March 2021 | 2 replies
Looks like it's long past where you can determine who, what, to blame.Also, in these situations, tenants sometimes themselves suffer loses where they can countersue you once you go down the blame game path.
Brandon Blue
Newbie Question about Rehab costs
21 March 2021 | 3 replies
Stay away from low-income tenants unless your math shows you have some super great profits that extend to a 10-year period.
Bonnie Low
Lender wants appraisal of rents...on a rented house
22 March 2021 | 4 replies
Although evidence points to the contrary, lenders are not sitting around rubbing their hands together greedily, savoring the pain and suffering they've caused borrowers.
Lionel Johnston
Short-term Rental (airbnb) vs. Executive Rental
23 March 2021 | 18 replies
You are competing with extended stay hotels, apartment buildings and/or professional STR companies with existing relationships offering to flex furnish apartments for insurance customers, business travelers looking for extended stay housing vs smaller hotel rooms, etc. in America, we have some companies such as Oakwood that has units nationwide.
Randy Dubiskas
Potpurri of Questions for Out of State STR
13 April 2021 | 20 replies
So these small players are hustling to get more properties, and sometimes your property suffers from these growing pains as they try to scale.Good luck!
Lloyd Segal
Economic Update (Monday, March 22, 2021)
23 March 2021 | 4 replies
President Joe Biden signed his $1.9 trillion rescue package into law, which will send additional $1,400 checks to households as well as extend a government-funded $300 weekly unemployment supplement through Sept. 6.
Preetha Dutta
Property management negligence
24 March 2021 | 9 replies
If this would have happened in the night we could have suffered third degree burn or could have died too.
India Burdette
Bank loan VS State housing program with down payment assistance?
23 March 2021 | 1 reply
Went to my bank today in which they’ve offered to extend my line of credit based on my newly raised score of 698.