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Resources for Property Managers - Provided by IREM
LOUISIANA REALTORS • April 10, 2020
Serving real estate professionals who manage all property types, we have been an integral force in the State of Louisiana since 1967. We are dedicated to delivering leading-edge networking and educational offerings for every stage of your career, evolving with you to provide lifelong professional development opportunities.
Being prepared is critical to preventing the spread of infectious diseases and minimizing impact should an outbreak occur. From our governments and health systems, to the personal responsibility of each individual, we all must maintain a state of readiness and ability to act. Property managers inherently have a high standard of responsibility, but especially in uncertain times there are many people who rely on us as leaders to keep them safe and protect their interests. From employees, to owners, investors, residents, and tenants, there are several aspects of preparedness, business operations, and communication needed to address each one of these stakeholders when faced with the threat of a pandemic. The single most important action to take is to plan now.
COVID-19 Resources and Information
March 30, 2020
Small business loan information
The Coronavirus Aid, Relief, and Economic Security (CARES) Act increased the role of the Small Business Administration (SBA) to assist U.S. businesses impacted by the COVID-19 crisis. The two main vehicles for these relief efforts are the SBA 7(b)(2) loans – Economic Injury Disaster Loans – and the SBA 7(a) loan program. Businesses with 500 employees or less, including sole proprietors, independent contractors, and cooperatives are eligible for loans during the covered period of January 31st to December 31, 2020 in response to COVID-19. Loan resources and information are available below:
March 23, 2020
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To support multifamily property owners during this national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of COVID-19.
Forbearance is available to all multifamily properties with a Fannie Mae and/or Freddie Mac-backed performing multifamily mortgage that has been negatively affected by the coronavirus national emergency.
Free On Demand Courses Available
Right now, it’s more important than ever to be on top of trending topics. That’s why we’ve made some of our on-demand courses available for free to our members. And since things continue to change on a regular basis, we’ll continue to provide you with new free courses every week. Here’s what’s currently available:
Free for the next six months:
Free through Friday, April 10:
Free through Friday, April 17:
From the Front Lines Series
From the Front Lines Series
IREM will be sharing short 10-15 minute videos on a regular basis in the coming weeks on topics related to helping you manage your business. Topics so far include: Force Majeure Lease Provisions, Business Interruption Insurance, Exceptional Customer Service, Virtual Tours and Rent Collection, And Much More… Keep checking back for new topics
As previewed last week, NAR is pleased to share the latest consumer guide focused on preparing for homeownership. This guide covers what prospective buyers should consider as they kick off the home purchase process, including the importance of credit scores, mortgage pre-approval, down payments, budgeting, and educational resources. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Preparing for Homeownership Escrow and Earnest Money Pricing Your Home Preparing to Sell Your Home Fire Damage and Policy Coverage Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with potential clients to ensure they have the information they need to be successful in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover property taxes.
As previewed last week, NAR is pleased to share the latest consumer guide focused on escrow. This guide covers what homebuyers should know about earnest money deposits, including the general terms and use cases in real estate transactions. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Escrow and Earnest Money Pricing Your Home Preparing to Sell Your Home Fire Damage and Policy Coverage Flood Insurance Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover preparing prospective buyers for homeownership.
The Louisiana REALTORS® Board of Directors will conduct several elections this Spring. Interested candidates that meet the qualification who are looking to serve at either the state association level or the national association level are encouraged to view the criteria and submit an application. An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.
821 Main StreetBaton Rouge, LA 70802
821 Main Street
Baton Rouge, LA 70802