Bob Preston, RMP® of North County Property Group, Del Mar, CA, discusses the lingering impact of COVID-19 on tenants who have suffered a job loss, decreased work hours, medical expenses, or other loss of income. Many laws and local ordinances have been implemented to protect tenants with eviction moratoria if they have had financial impact due to the coronavirus. There have been no laws established, however, which give tenants a free pass or restrict a landlord from recovering rent at a future time. As landlords and property managers, what then should we do? Take a look at the pros and cons of two different approaches for tenants with financial impact from coronavirus.
NARPM®Radio: Power of Attorney and Lease Signing
Your property management lease allows you to sign leases on behalf of the property owner, but are you doing this legally? In the “old days” the word of the property manager was acceptable, but now that’s not enough. Today you need a power of attorney form that gives you specific rights to sign the lease on behalf of the owner. But what about foreign owners? Property management attorney Harry Heist takes on the advantages of this process in this week’s podcast on NARPM®Radio. As always, talk with your own legal counsel as laws vary in different areas.