With travel bans, stay-at-home orders, and social-distancing mandates, millions of Americans have adapted to the changes brought about by COVID-19. Events have been rescheduled or canceled, but for a few people — including those who already made plans to move — staying put is simply not an option.
Here are some tips for making your move as safe and stress-free as possible.
Do As Much On Your Own As Possible
Even though most states have deemed moving services as “essential”, many smaller companies have reduced hours or have paused business altogether. If you can, try to manage the move on your own.
If you need can’t avoid a moving company completely, do your hom...
As an investor, it is important to be prepared for the unexpected.
Now more than ever we are seeing the grave importance of protecting the future of your investment by building a reserve fund. Your reserve fund is your “emergency” cash fund. A reserve fund should be large enough to cover unexpected situations, not only maintenance that comes up. The amount you want to set aside can vary and depend on property type, size, age, and size of the portfolio, however, a good starting point is 2-4 months’ rent. Remember, a reserve fund for rental properties is an investment itself.
An easy way to calculate a reserve fund for a portfolio with 1-10 properties, add up the following e...
While the current health crisis is unprecedented, the housing market is surprisingly predictable. Research shows that over the past 40 years, the U.S. housing industry — and home prices — have been fairly resistant to recessions caused by everything from world wars to natural disasters. If you’re feeling a little anxious about the state of real estate, here are some things to keep in mind.
1. Single-Family Homes Are Always on the Rise
According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), single-family home prices typically rise an average of 7.4% leading up to a recession and continue to rise by an average 2.7% during an economic downturn. The o...
“As we work to combat the spread of COVID-19, access to resources that can help support families and businesses in this time of need is critical. We’re calling on Arizonans to be informed, get engaged, and support organizations doing important work to keep our communities safe and healthy. Arizona will get through this together.”
