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Eviction Moratoriums - How to Help Nervous Investors

coronavirus covid-19 investors Apr 01, 2020

Now is the time to reach out to all investors as this could be a turning point for them to either double down and buy more rental units or to seek to liquidate their holdings. In addition you can give them guidance on talking to their lenders to request forbearance or a loan modification.

Call to Investors in Your Database - Today!

“How are you dealing with the eviction moratorium? Are you getting any feedback from renters? One thing I am recommending to all of my clients is to talk to your lender immediately – even if you don’t need it now you might lender. Ask them about forbearance or a loan modification – some lenders are allowing investors to skip payments or do interest only payments. So one thing we are seeing is some more units coming to market… so if you know anyone that want’s to hop on some good buys now could be a great time.”

Reach out to Investors

Hello, I was calling about the rental in <portal name>?

<Yes> Have you rented the property yet? My name is <agent name> I’m with <company name>. May I ask you a couple of quick questions?”

<Yes> “How long have you owned these units?” <answer> “With everything going on with the eviction moratorium and the market have you ever considered selling them?”

<Yes, Not Sure, Maybe> The reason I am asking is that there is a strong demand from investors for rental units right now. Would you be open to knowing what the units might be worth on the open market?

<No> Sounds like they must be a good investment are you looking for more good investments? The reason I ask is that I provide a service to local investors it’s a quick weekly list of the hottest investment properties that have hit the market. Can I add you to the group?

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About Jim Remley

Jim Remley is a nationally recognized expert in the field of residential real estate. Entering the real estate industry at the age of 19 he began an unlikely rise from college drop out to real estate Rock Star by becoming ranked in the top 1% of REALTORS® nationwide. Implementing game-changing strategies and deploying the latest technology advances Jim shattered sales records by listing over 150 properties in one twelve month period. At 24 he opened his first Real Estate Company and grew the company to 17 offices becoming the largest independent real estate company in the State of Oregon.

Today Jim leads one of the largest real estate firms in the state of Oregon with over $900 million dollars in sales volume a year with just over 160 active Brokers. As a consultant, author, speaker, and trainer Jim has one mission – to create abundance through simplicity of action. In 2018 Jim launched www.erealestatecoach.com an On-Demand Video Coaching platform designed for REALTORS to tap into highly focused information and actionable ideas based on thousands of interviews with top producers from across the country.

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Eviction Moratoriums - How to Help Nervous Investors

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