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2021 National REIA NOW Quarterly - In this issue, we feature two of our Tier 1 Vendors; Home Depot and Arcana, and our preferred vendor Equity Trust. Download here.
Get Covered - Give tenants peace-of-mind with rent guarantees designed to keep them current on rent if they lose their job or become disabled unexpectedly. We have your back, so you can have
theirs. It’s that simple. For as little as $35 per month, we’ll cover up to three months of your tenant's rent. Find out more at reiasure.getcoveredinsurance.com.
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NEXT EVENT
Thursday Evening, March 4th, 2021
7:00pm – 9:30pm
ZOOM – Virtual Online Meeting
TOPIC:
Turning today’s rising mortgage delinquencies into tomorrow’s real estate fortunes.. The secret to buying REOs before they hit MLS, flipping some for quick cash, and goldmining others with “Rent Smart” Lease Purchases
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Legislative
Rental Emergency Assistance funding came through in the December 2020 Stimulus Bill and will result in $25 billion being made available to residents who are behind on rent and utilities for Covid-19 related reasons. The funds
are distributed like a block grant, to states, territories, and substantial counties and municipalities, as well as specific Native American Housing Authorities.
Irrespective of previous income, if a resident lost their job due to Covid-19 and remained unemployed for 90 days or more, they can seek these funds for up to 12 months of arrearage and potentially, an additional 3 months, if needed. Grantees are encouraged to focus
significant funds on those residents at less than 50% of the Average Median Income (AMI) for the region.
Please review the Excel spreadsheet, as your state, county, or city may have received funds.