Freedom First REIA, Ltd.

As April leaves and May greets us, we are seeing a huge decrease in new lease signings around the country. With a lot of counties and states extending the re-open date to June, are we going to see an even bigger dip in new lease signings?

How can we care for our tenants while staying in business as a landlord?

These are just some questions that may come to mind that you can bring up for discussion at our Landlord Support Group meetings, with the most recent this Thursday, May 14th from 9 AM to 10 AM.

With over 17 million people unemployed during this time, it is making a lot of sense why we are seeing such a decrease in new leases being signed. We are seeing more and more people not being able to pay rent. A survey from the National Multifamily Housing Council shows that around 31% of renters couldn’t pay their rent by April 1st . The council is only expecting the numbers to be worse for the rent due on May 1st . Over 13.4 million housing units were surveyed to collect this data.

Everyone seems to be struggling during this time, some more than others. If you’re a landlord and need advice, guidance, or even just someone to talk to about your experience come to one of our online Landlord Support Group meetings. You’re not in this alone and we can help each other navigate through this! Knowledge is power, and staying up-to-date with real estate laws and regulations in your area is crucial.

We hope to see you there!

Resources:

https://www.architecturaldigest.com/story/co ... Read More…

Are you a landlord or real estate investor? Are you new to the game and aren’t sure where to begin? Freedom First Real Estate Investors Association (Freedom First REIA) provides many  membership advantages that landlords and real estate investors can benefit from.

Becoming a member of Freedom First REIA can help investors, landlords, and even people considering getting into real estate, gain knowledge about the job, the sacrifices, and how to help handle certain situations. Members have the opportunities to communicate with professionals who are experts in their fields. With the Freedom First REIA membership you automatically get a membership to National REIA that can give you access to even more tools and benefits.

Find the support you need as a landlord at our monthly landlord support meetings, whether you’re having trouble finding the right tenants or just want to connect with other investors. These session topics range from tenant selection, property management, laws and regulations. For investors, landlord or not, another group meets twice a month called Alternative Real Estate Investing Strategies (AREIS), where we discuss various investment strategies. Talking about strategies of buy & hold, rehab & flip, wholesaling and notes are just some of the topics.

Another great perk includes a monthly meeting on the second Thursday each month which is the perfect opportunity to network with other investors and learn from local experts on different facets of investing in real ... Read More…

For Immediate Release

February 12, 2020

UNDER ONE ROOF Coalition Urges Lawmakers to Reject
Good Cause Eviction and Universal Rent Control Legislation
Bill would hinder property owners’ ability to make improvements to
apartments and buildings, deter small business ownership, reduce
the availability of quality units throughout the state
ALBANY, NY – The Under One Roof Coalition today called on lawmakers to
reject the Good Cause Eviction and Universal Rent Control proposals that have
been introduced in the legislature.

“If this legislation were enacted into law, it would reduce the housing stock
across the state and deter others from owning property,” said coalition leader
Deborah Pusatere, a local landlord and President of the New York Capital
Region Apartment Association (NYCRAA).

“The Good Cause Eviction Bill creates a universal rent control model that would
be the most restrictive to date in the country. The amended bill caps rent
increases at 3 percent, an amount that would fail to cover tax increases,
inflation, annual operating costs and improvements required to meet
compliance standards of housing codes, ” said coalition leader Jaime Michelle
Cain, a partner at Boylan Code and Legislative Chair of NYCRAA.

Coalition members believe this proposal will lead to the decay of the rental
housing market. In states that have enacted similar laws, history has shown that
rent control decreases supply, reduces the quality of units and halts
development, while failing to add affordable housing units or ad ... Read More…