All Forum Posts by: James De Stefano

We will have another two months of shutdowns In California, Most tenants will get $1200 per adult one of our tenants will get $3900 since its two adults with 3 kids. We will at least get Aprils rent from most and some will buy new cars or TVs. if we ever did want someone to move under the statewide eviction ban We would offer to pay them to leave. Another $1200 would be accepted by most tenants if desperate. and Paying them to leave is Cheaper than hiring a lawyer and losing 6 months' rent.

You're spot on with SOME people will do the right thing and pay rent/ bills. Will prioritize keeping a roof over their head rather than spending $50 on take out food every night and buying more and more stuff online.

But we live in a consumer driven world... spenders gonna spend. Here comes that new iPad and TV w/ $1,200 free " Uncle Sam Bucks"

1 Vote

And here we go...

Everyone ready for the most roller coaster month we've likely ever lived through?

Best of luck to everyone in their business and tenant day to day operations!

0 Votes

HI Tammie,

That does sound like a decent price. I know bigger house tear downs can be 10k +

Possibly get 1 more quote, but they are probably pretty close w/ the 8000.

Good luck on the journey

0 Votes

Houston, Texas

This stock market is a total enigma. It's UP after this weekend... The powers that be must really know things that we don't know.

Or is this all just smoke and mirrors?

Very strange times, I thing sitting on the sidelines a little longer will be beneficial.

0 Votes

Originally posted by @Patrick M.:

-My greater concern is for the economic future. I was fortunate enough to move my 401k out of the market when I saw this coming back in February. For 2 days I thought maybe I was nuts and the rest of the world knew something I didn't. After this past week I am feeling the same way- I am afraid it is going to get worse.

AGREED with pulling money out of 401 K / Stocks. Not sure why it was up so much this past week, seems like major smoke and mirrors.

So many strange things happening so quickly with markets... lots to study and make strong decisions in the coming weeks and months.

1 Vote

At a minimum, now's the time to educate and know your market.

I'm in a big city with lots of micro- R.E. markets, I'll be doing plenty of studying while on lock down.

1 Vote

Crazy... I feel like we're gonna enter the Wild West here - Too many changes, too quickly for this economy to keep up.

0 Votes

Nobody really, really knows....

But If I were a betting man, it's greater than a coin flip chance of YES. Buckle up.

0 Votes

Originally posted by @Anthony Wick:

I'm popping back in here on March 27, after three straight days of gains in the DOW, to once again state; I don't have a damn clue what is going to happen. Record unemployment numbers? Dow shoots up 1k points. Stimulus package announced but not approved yet? Up again. And then down today.

Here's my take.....I'm leaving everything as is, and riding this either into the ground or into the future several years ahead. I read an article about 3-4 months back that said the two groups of people that have done the best in the stock market over the last 20 years were; Dead People, and those that forgot they had an account. Yep. Those that did nothing but let it ride. I'm happy I have my real estate holdings as diversification.

Agreed with basically all above. I took a nice chunk out of the market on about March 10th or so, whenever NY state started having major issues and the National Guard was mentioned in some news articles.

NOBODY knows where the bottom of this is, and you know there's lots of behind the scenes games being played.

But I'm willing to bet that the Stock market in Mid-april will look uglier than it is now. So I'm ready on the sidelines.

Amazon is still cruising along at $1,900 a share, wild.

Facebook and Google are way down from their Highs, I have them on my Xmas wish list

0 Votes

All Forum Posts by: James De Stefano

James De Stefano has started 7 posts and replied 281 times.

Post: Raising rent during covid-19

Post: Coronavirus: email to send to your tenants

Post: Coronavirus: email to send to your tenants

Post: Tear Down Costs - Houston, TX

Post: Stock Market what do you think

Post: How are you coping during this time?

Post: Coronavirus and Wholesaling

Post: Cheesecake Factory Will Not Pay Rent On April 1

Post: Is a global debt crisis coming?

Post: Stock Market what do you think