The Real Estate Debate

As this Pandemic drags on and more and more Americans begin to feel the effects of this Pandemic I can't help but wonder what next? As a real estate broker and property manager these times have presented me with some unique challenges. None more so then trying to strike a balance between compassion and understanding for our tenants as well as compassion and understanding for our owners. Compassion and understanding for owners? Yes! They like the tenants they are housing are struggling, they are having trouble meeting their monthly financial obligations. So as I hear all of these conversations about eviction moratoriums and canceling rent etc...I am left wondering what about the property owner? What about them makes them expendable? What about them makes what they are going through any less important than the tenants they are housing? What makes a person think that simply because you don't have the money to pay rent that the property owner should be forced to keep that tenant in...

Hello, Today's post is about being bold and seizing opportunities. Oftentimes when things are uncertain it makes people hesitant, people fear the unknown. Due to everything going on it has created an environment of uncertainty. People aren't sure what to do or how to move forward as a result it has created opportunities in the real estate market. Right now there are a lot of people that were looking to buy homes that have put that on hold because of everything thats going on right now with the Coronavirus etc...which means there are less buyers in the market to contend with but there has not been a reduction of home values or number of sales. Also, the rental market is very strong right now and the demand is only going to increase. If there is an increase in foreclosure activity as anticipated then there will be more people in the rental market. As a investor now is a great time to be purchasing rental property and adding units to your portfolio. Rental rates are going to conti...

Good morning friends, The Covid-19 Coronavirus has led to some challenging times for all of us. So in today's post I am going to share with you what a Mortgage forbearance is and what its not ​The Government has created the CARES Act, to assist homeowners whose income may have been adversely impacted by the coronavirus.  One of the components of the CARES Act is the possibility of mortgage forbearance. Forbearance is often misinterpreted.  While it is intended to help, it can also have some dangerous repercussions.   Many people are mistakenly thinking that forbearance equals forgiveness.  It does not.​ What is a Forbearance? With this option, you and your mortgage company agree to temporarily suspend or reduce your monthly mortgage payments for a specific period of time. This option lets you deal with your short-term financial problems by giving you time to get back on your feet and bring your mortgage current. Forbearance may be an option if you are: Behind on your...