Landmines for Tenant Occupied Properties During COVID19

Many people have put together Covid19 related resource guides but this one from The Norris Group, a hard-money lender, is excellent. He has a lot of general Covid resources along with some directed for Realtors. https://www.thenorrisgroup.com/free_resources/coronavirus-real-estate-resources/

He recently did a seminar for SDCIA, The San Diego Creative Investors Association, where he mentioned that Realtors need to be very careful when assisting buyers & sellers of property with tenants in them if you do not plan to keep those tenants.

In the California market, it could take 150 days to get them out…and that is if they do not fight it. Be sure you know the time frames for both State & Federal rules on evictions. https://www.thenorrisgroup.com/wp-content/uploads/2020/03/01352D4DD3C8F05FDE032494E265F9C8.cv-individuals.pdf

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