All Forum Posts by: Michaela G.
Michaela G. has started 88 posts and replied 3170 times.
Post: Alarming group on IG social media posts they aren't paying rent
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Shiloh Lundahl:
@Bill F. the original post was interesting, but the pictures of the white sheets over the freeway and on the houses symbolizing refusing to pay rent was more interesting to me. Is that also fabricated or is that a real thing right now?
The white sheet in Atlanta is real. I saw it myself a few days ago. Scary
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Courtney Duong:
@Michaela G. does it say you still get the 10k grant if you turn down the loan? Thanks!
It says that it's independant of you getting approved or not for the lian. I have no idea whether that applies, if you're the one that rejects it
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Update: I got an email, inviting me to apply for a $ 10K advance and which will not hold up or influence the application that I already filled out. This advance will be forgiven.
Post: Landlords... Stop being so hard on your tenants
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
I agree with Jason, that it's better to be proactive and give some, than to stick to your guns and refuse to bend.
The fact is, this is an unusual situation and we all have to work together to overcome it. It's not just 'being a do-gooder or bleeding heart'. It often can also make good sense business wise, even if the benefit is intangible.
I have dropped all of my tenants' rent to above my mortgage and sent them a letter, letting them know that this would be April's rent. Several have already paid ahead of time, letting me know how much they appreciate it.
As mentioned, a turnover and 1 month vacancy would cost me more than a dropped rent. And a tenant seeing that a landlord is a human being and not just a money-hungry landlord also gets some intangible benefits. I only expect 2 tenants to be taking advantage of me and the eviction moratorium and both of those I had filed eviction for before this all happened. They had court dates, that were cancelled for both :-(. So, it's not my 'niceness' that started this.
I can live without profit for a month. I don't have an expensive life style and no car payment. My own mortgage is covered with all of the rent payments. I have some cash reserves.
What do you all think of the restaurants that had to close but who are cooking now food for homeless? What about other people that are volunteering to help wherever they can? What about those, who brought food to fire fighters, when fires were raging? What about the standard in some cultures to always share your food with guests, even if you have little food for yourself?
Are they all stupid for giving away their own resources? Or are they human beings, who will lend a hand in case of emergencies? Do you believe in scarcity or abundance? I think this will show what a lot of people are made of.
Post: Outside Before and After
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
I always love to see before and after conversions, from the same view point. So, let's see your nicest shots of front or back outside of one of your renovations.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Mike H.:
@Michaela G. Were you able to upload all your docs on the website or did you have to email them?
I had to email mine because the upload feature wasn't working.
I had problems with uploading on Chrome and then went to Internet Explorer and it worked
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
FYI - I applied 4 days ago and yesterday I got an email, that said "status changed to 'Received in Review'.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Bob B.:
I called the SBA Friday morning. It took 3 phone calls and several hours to get anyone on the phone that could actually hear me. Their phone lines were messed up. The rep. said the best way to apply was on-line and to attach tax returns and other documents. He said a loan officer would be assigned in a week to 10 days. Based on what I have seen, the SBA is offering loans to LLs but I would bet their focus will be retail and manufacturing businesses. It would surprise me that we will be anywhere near the front of the line. The system is already jammed up and there will be a massive backlog very soon. @micheala g.is proof that they are already overwhelmed. Don't count on the government to help. How many LLs did they help last time?
Unfortunately, now is when your (supposedly) friend, leverage, can turn into an alligator.
Actually, I found out that their website doesn't like chrome as browser. I switched to IE and it worked.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
@Mike
@Mike H. were you ever able to submit?
I've spent the last 4.5 hours filling everything in and now it won't let me connect. I hope I didn't lose all of the data.
Post: Coronavirus and late or no rent payments
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Heather Frusco:
@Michaela G. I think you would make a great chess player and someone which I would just quite honestly get enjoyment from just spending time together. I this game however, it's not a clean slate... we're playing a game that is already skewed against us. I hear your point and see it as a strategy... the kicker is do I really need to sacrifice something right now without having a closing move? --- I see being able to work out a deal with your current tenant as your sacrifice and your closing move... should it come to that is having your eviction paperwork filled and ready to go should it not pan out like you envision. I also prefer to keep my sacrifice moves close to the vest and without letting my opponent know what I plan on doing... so no need for me to forecast to all my tenants that I will work out a deal with them... because truth be told some we will workout a deal with and some we won't purely based on their payment and tenant history leading up to now.
Again, we'll have to agree to disagree. We each do what we think is best for us. I have a creative community and all of those tenants know each other and are on the same property. Anything good or bad I do goes around and can benefit or backfire on me. Works for me
And if I had a $ for every time another investor told me that I'm crazy, for doing things in the way they wouldn't, I'd be a millionaire - oh, wait, I am, despite all that crazyness