23 March 2020 | 26 replies
If you work something out with one tenant who is struggling in this crisis, whether it is rent reduction, rent credit, deferred payment plan of some sort, applying last month or deposits towards rent, whatever...how do you solve the problem in a multi family setting where everyone including the ones who could afford rent stop paying "If George gets to skip rent I am not paying either!"
21 March 2020 | 28 replies
The overwhelming majority don’t work and are receiving some sort of gov’t assistance.
12 March 2020 | 6 replies
And if so are you willing to take on that financial and potentially legal liability should the worst case be realized.
16 March 2020 | 2 replies
Want to get your thoughts/opinion on few subjects:1.would you do a ren't relief plan to your tenants if worst come and because of reality kicks in and they won't be able to pay rents or some of the rents?
13 March 2020 | 4 replies
There must have been some sort of plan/agreement.
19 March 2020 | 3 replies
For our multifamily assets and commercial assets, we have doubled our cleaning frequency and focus.While we do expect rent payment, we also expect there may be some sort of leniency if payment is not made.
28 March 2020 | 5 replies
The current lender sort of threw a curve ball into the mix a week ago by changing the amortization from 20 years to 15 years.
16 March 2020 | 2 replies
I just got my license is it better to wait until this gets sorted out before I join a brokerage?
17 March 2020 | 11 replies
Before I agreed to this, I asked my attorney if we could write up some sort of penalty if they didn’t finish by then but he advised a builder would never go for it and I caved.
7 May 2020 | 12 replies
Based on your statement, I'm guessing you don't have reserves for the rentals, so plan for 3 months as worst case scenario.