All Forum Posts by: E.S. Burrell
E.S. Burrell has started 6 posts and replied 189 times.
Post: What did I just do! Full-time investor during the Coronavirus!
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Gregory Schwartz
Boy you’re brave!!
I was always taught when transitioning jobs, you work both jobs for a little while and if the new one doesn’t work, you’ll have the old one to fall back on.
Me personally, I would not have done that especially with little kids in the home. But I’m a scary cat and don’t like to be out of my comfort zone. Im not as brave as you are. Hang in there.
Post: What did I just do! Full-time investor during the Coronavirus!
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Judy Parker
I asked my self the very same question, why oh why did he do that!!! Must of hated his job.
Every situation needs wisdom. I have a W2 and do RE. I’ll see how much I’ve saved, then quit my job.
Post: Coronavirus: email to send to your tenants
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
Originally posted by @Eva Neikirk:
Good discussion. “I wanted to be more proactive in finding out where my tenants stand. “
I agree. I think being proactive is essential during this crisis
Post: Brandon Turner Nails it on the COVID-19 Rent Due Advice
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Matthew McNeil
I watched Brandon Turners video and I believe there were some good points. However, I’m not going to ask my tenants to borrow money or put rent on a credit card.
As far as allowing tenants to have Borders, I would do it and follow the same criteria as I would with any other renter giving them the same rights and responsibilities as the lease states.
At this point, my main concern is rent and no vacancies; Tenant integrity and good character ( if my tenants have full rent, they should pay it ) I’ll work with my tenants if need be but I am not giving out free rent. If they can only pay 1/2 rent, I’ll take it because it’s OWED to me.
In addition, communication, integrity, and good character is huge on my part also. I’m not going to breach my contract with my tenants. If there is a maintenance issue, I will be there suited up in my full white protective jumpsuit, gloves, goggles, and respiratory mask. 😊. It may be a small leak but I’ll be dressed as though I’m there to remove lead 😂.
Post: Communicating with your tenants Regarding COVID-19
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
*************** directly from her yesterday
First, it is important to understand the current state of affairs in the court systems for both Kansas and Missouri. On March 16, 2020, Missouri suspended all in-person court proceedings until April 3, 2020. There is a possibility that this date could be extended. The courts will continue to accept eviction filings, but the sheriff's offices will perform no lock outs until after April 3, 2020. Due to the inevitable backlog in both the courts and sheriff's office, we anticipate significant delays even after April 3, 2020.
In Kansas, all courts have been restricted to emergency operations until further notice. Executive Order No. 20-06 was issued on March 18, 2020 temporarily prohibiting evictions and foreclosures. To the best of our knowledge, the courts will continue to accept eviction filings, but the lock outs will not occur until after May 1, 2020. Douglas County, Kansas will delay all eviction hearings until June 1, 2020.
On a Federal level, the U.S. Department of Housing and Urban Development ("HUD") will suspend foreclosures on Fannie Mae and Freddie Mac loans through the end of April 2020. HUD will also not allow any eviction of individuals living in federally-funded public housing until May 1, 2020. Please note that this moratorium only applies to HUD subsidized housing.
We recommend landlords and property owners take the following action:
- Do not forgive any rent that is due unless you are prepared to forgive everyone's rent (which we do not recommend);
- If you are going to offer hardship relief, compose written criteria outlining requirements for the relief and then apply that criteria to all applicants equally regardless of the tenants race, color, religion, national origin, age, sex, pregnancy, citizenship, familial status, and/or disability status;
- Require your tenants to communicate with you in writing and keep copies of these writings in your tenant files; and
- Continue to follow your normal processes and procedures, especially regarding evictions. There will be a significant backlog and we do not want clients to be further prejudiced.
thank you!
Post: Coronavirus: email to send to your tenants
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Natalie Cloutier
Good post. I reached out to my tenants first because I didn’t want to not receive rent then contact them asking for rent and have them say, “ I can’t pay rent........” and just ASSUME I knew why they can’t pay. Then I would be livid because of the LACK of communication on their end. So I thought I’d be proactive to keep my blood pressure down lol. I’m big on communication.
Post: Coronavirus: email to send to your tenants
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Patrick M.
I thought the very same thing at first BUT tenants are smart and I don’t want them to ASSUME that their rent obligation is on hold due to the Virus so I reached out first letting them know that rent is still due on the first, however, reach out to me if need be.
Post: Communicating with your tenants Regarding COVID-19
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Peter Nikic
Fair housing laws scare me so I sent out a general letter addressed as “Hello Everyone” .
I just basically stated my concern for their safety and well-being during this Virus and if they need help to reach out to DHS, they may be eligible for the Gov’t stimulus check, and that I will work with them if need be. And I left it there. Sweet and simple.
Post: COVID-19 - Tenants don't want an Appraiser to Enter
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
I agree with @Anish Tolia 100%. Offering money/gifts would be a last option for me. Wearing a mask and gloves should suffice. You’ll be out of tons of money if everyone did this to you.
Post: Is craigslist worthless?
- Rental Property Investor
- Michigan
- Posts 192
- Votes 205
@Pete Storseth
I list my rentals on Craigslist and have good results. To weed out scams, I except phone calls only. No texting. I screen really well and go from there. I wouldn’t eliminate it.