Coronavirus

AZ SUPREME COURT DECLINES JURISDICTION IN CASE AGAINST GOVERNOR’S ORDER

2020-10-08T17:50:33+00:00October 8th, 2020|Coronavirus, COVID-19, Legislative Update, Zona Law Group|

Information provided by Zona Law Group PC As our readers are well aware, the AMA and MHCA, in conjunction with several private landlords, filed suit challenging the Governor's Executive Order on evictions. The order allowed tenants to delay writs of restitution by providing limited documentation and attestations to their landlord. Yesterday, on October 7, the [...]

FHFA Extends Foreclosure and Eviction Moratorium

2020-05-15T17:05:06+00:00May 14th, 2020|Coronavirus, COVID-19|

Moratorium applies to Enterprise-backed mortgages FOR IMMEDIATE RELEASE 5/14/2020 ​Washington, D.C. – Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions [...]

NMHC Rent Payment Tracker Finds 80.2 Percent of Apartment Households Paid Rent as of May 6

2020-05-11T21:01:16+00:00May 11th, 2020|Coronavirus, COVID-19, Landlord, Market Changes, Multi-family, Property Management, Property Manager, Rentals|

Even though the COVID-19 pandemic has impacted the economy in many ways, the National Multifamily Housing Council reports that as of May 6th, 80% of apartment households had paid their rent. This may still be 1.5% less than May 2019, but it is over a 2% increase from April 6th, 2020. [CONTINUE READING] The NMHC [...]

Successfully Using the Past to Manage in the Present

2020-04-28T16:34:24+00:00April 28th, 2020|AZREIA, Business Planning, Coronavirus, COVID-19, Fair Housing, Financing, Investing, Landlord, Market Changes, Multi-family, Property Management, Property Manager, Rentals, Strategy|

We have all heard the phrase “live in the present and forget about the past,” but rarely do we hear the opposite of that.  Currently we are in a challenging situation in regard to managing our properties and are being forced to do things in unfamiliar ways.  Social distancing has changed the way we show [...]

Redfin Reports Interest in Rural Areas and Small Towns Spikes During the Coronavirus Outbreak

2020-04-17T16:22:53+00:00April 17th, 2020|Buy & Hold, Commerical, Contracts, Coronavirus, COVID-19, Fix and Flip, Investing, Land, Market Changes, Small Business|

Due to the Coronavirus, the cities that have grown in population due to their amenities, entertainment, job availability and more are experiencing a halt in all of these things because of government shutdowns. As a result, people are becoming more aware of the risks of living in high density areas and have begun to inquire [...]

Zona Law Group Coronavirus Update: Federal C.A.R.E.S Act and Governor’s Executive Order

2020-04-02T16:50:55+00:00April 2nd, 2020|Coronavirus, COVID-19, Landlord, Legal Procedures|

by Zona Law Group With Coronavirus and its effect on property managers, change is coming on a day-to-day basis. On Friday, the federal C.A.R.E.S. Act was passed which creates a moratorium on evictions for non-payment issues. This was in addition to the executive order signed by Governor Ducey which delayed the execution of writs in [...]