21 March 2020 | 2 replies
In areas that are impacted by snow, you should come up with a snow removal budget.

21 March 2020 | 1 reply
Plenty of unknowns with COVID and what lingering impact it’s going to leave on the economy and RE.

10 April 2020 | 16 replies
It's hard to tell what is happening to the overall money growth at the moment, but we know that private money growth has slowed (for obvious reasons) and public money growth has accelerated.Velocity of money could potentially be impacted the same way that it was in 07-09, when people responded to uncertainty and reduced incomes by pulling back on spending to pay down debt, build up balance sheets, etc.
21 March 2020 | 2 replies
Unless you have a 6-12 month reserve for your portfolio, you might want to scale back on maintenance and non-essential spending.

7 April 2020 | 6 replies
Essentially the goal is to have PROOF if you have to go through formal eviction process, etc.

14 May 2020 | 13 replies
Worst Case could be much more dire, many deaths, greater economic impact, etc.

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?

24 March 2020 | 11 replies
If you look at things, the impact is limited to certain areas.

23 March 2020 | 2 replies
From all our tenants I have received one half hearted request to lower the rent -- from a guy who has not been impacted and has a goverment job.

8 April 2020 | 73 replies
Jill, I don't think this is the best approach... as some have already stated... you are essentially laying out your financial troubles (or at least giving an impression of them) and are asking for a 'community' effort and asking for those which are able to pay rent, to pay it and for those that can't to pass and then go on to address other peoples problems with mortgages - Tenants won't care about that and for those can make their payment or where able to but on the fence about making payment you have just paved road for a 'payment as desired' situation.