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Moving During the Coronavirus Pandemic: What You Need to Know

By | May 8th, 2020|

Moving during the coronavirus pandemic: what you need to know. Steps for safely planning your move to reduce the risk of exposure to COVID-19. Moving during the coronavirus pandemic when most neighborhoods are practicing social distancing is tricky, but it can be done if you take proper precautions to reduce the risk of exposing yourself [...]

How to Insure a House in a Living Trust

By | April 30th, 2020|

How to insure a house in a living trust. This reader wants to know how insurance coverage works if policies are titled in the name of a living trust. Q: My insurance agent said the insurance company wants my policies (fire, wind and umbrella) titled in the name of my living trust. While doing some [...]

How Do I Take Property Out of an LLC?

By | April 30th, 2020|

How do I take property out of an LLC? This reader wants to know how to take their house out of an LLC that’s in administrative dissolution.  Q: I hope you can help me with this mess. I have an ex-partner who talked me into putting my house into a limited liability company (LLC) with [...]

1031 Exchange Deadlines During COVID-19 Pandemic

By | April 27th, 2020|

1031 exchange deadlines during COVID-19 pandemic. This reader wants to know about extensions available to those who completed a 1031 exchange in 2019.  Q: We completed our 1031 exchange in September 2019. Our renter has fallen on hardship due to the Coronavirus/COVID-19 pandemic and cannot afford the rent. Similarly, we are in a rental that [...]

Coronavirus 2020: Will Pools Open This Summer?

By | April 27th, 2020|

Coronavirus 2020: Will pools open this summer? Social distancing regulations could make it difficult for pools to operate safely during the COVID-19 pandemic. Q: Our 100-unit condominium has a small private locked outdoor pool that usually opens from Memorial Day to Labor Day. With COVID-19, what do we do this year? Should we open the [...]

Coronavirus Real Estate Market Impact 2020

By | April 23rd, 2020|

Coronavirus real estate market impact 2020. A new report takes a look at the stability of home prices and home sales in the U.S. after pandemics. Mortgage rates are nearing an all-time low and refinance activity is high, but home sales have slowed due to the coronavirus pandemic, according to a report by Freddie Mac.  [...]

How Will the Coronavirus Impact the Housing Market in 2020?

By | April 20th, 2020|

How will the coronavirus impact the housing market in 2020? How renters, homeowners, mortgage lenders and iBuyers are responding to the COVID-19 pandemic. How Will the Coronavirus Impact the Housing Market in 2020? Last week’s news included the reports that as many as one-third of apartment and home renters failed to make their rental payment [...]

Interpreting No Smoking Rules in Condos

By | April 20th, 2020|

Interpreting no smoking rules in condos. It’s up to the condo board to interpret and enforce rules and regulations about smoking for the association. Q: I live in a condo with four smokers living below me. They continually blow smoke out the windows and it rises and enters my unit. Our revised Rules and Regs [...]

Is It Smart to Prepay Your Mortgage?

By | April 14th, 2020|

Is it smart to prepay your mortgage? These are the three different approaches to paying your mortgage that work for homeowners and investors.  Q: I'm 83, have no mortgage, pay my credit cards in full each month and have no car payment. When I first started out in 1961, I bought a 52 chevy for [...]

Real Estate Closings and COVID-19

By | April 10th, 2020|

Real estate closings and COVID-19. Electronic signatures and remote online notaries could assist with closings during the coronavirus pandemic if the system adapts. Q: I’m in the process of closing on the sale of a home. I was able to do all the document review electronically, but as the settlement approaches (in a few days), [...]

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