We just rolled out Poo Prints at one of our properties recently which DNA tests dogs so hopefully it helps.

In the wake of this COVID19 situation do you think that the Santa Clara County Tax Collectors Office would push out the due date (April 10th) for the second installment of Property Taxes?

We'll still push forward with those, but we're going to wait and see on the other planned renovations. 

I would imagine you are going to get push-back from the tenant but that's the way it is sometimes. 

The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…

I am sure I will explore other options in the future but getting the ball rolling this way.

Truth be told I think there is a lot of overreaction to the ongoing pandemic but you are also potentially playing with peoples lives and going against all the current recommendations of social distancing and recommendations to self-quarantine.Gloves, masks, and other PPE during showings is all good but it doesn’t guarantee that you won’t introduce a carrier into their apartment which will leave COVID-19 behind after the showing... you would be held liable if push came to shove.

Should I still continue to submit offers and roll on? 

Instead, we are pushing the in person showing to the back end of the application process such that it will be a formality prior to lease execution.

Since syndicators do not make much money in the beginning (outside of the acquisition fee) they will rely on other income streams like; wholesaling, flipping as you mentioned and education/coaching which we have all seen pushed on YouTube, podcasts etc.