Small Business Loan Program Creates Opportunity for Commercial Real Estate Investment During the times of general uncertainty due to the COVID-19 pandemic, there has been an immediate economic impact. American small businesses have been hit as hard as any other player in our economy. However, recovery will come and opportunity will arise. Let’s take a look at a United States Small Business Administration (SBA) loan program that could be instrumental in getting American small businesses…
NO SOLICITING. Almost all apartment communities have this policy. Landlords and property management companies prohibit soliciting to prevent the public from entering their apartment buildings to make requests, such as attempting to sell something or asking for a donation from tenants. So when a field representative for the U.S. Census Bureau asks a property manager for entry into an apartment building to conduct a census survey, the first reaction by a property manager is probably…
Since 1994, Nebraska and Iowa have required sellers of residential property to disclose known material defects. Neb. Rev. Stat. § 76-2,120 & Iowa Code § 558A. Many people encounter this when purchasing their first home. Buyers can rest easy knowing that if the seller fails to disclose a known defect, they have the opportunity to recover damages, and in Nebraska, this includes attorney’s fees.…
Property taxes. Every homeowner has them (unless you’re fortunate enough to own a property that is currently enjoying a tax abatement) and every homeowner begrudges having to pay them. As a general rule, you should always expect your property taxes to increase year-over-year. On one hand, that means the assessed value of your property has increased; but on the other, you’re now on the hook for more money out of your pocket. That is, unless…
April is Fair Housing Month. HUD kicked it off with issuing guidelines for the use of criminal records by housing providers. Using the Disparate Impact theory, HUD has stated that a landlord may violate the Fair Housing Act if the practice of using criminal background records has a disparate impact on a protected class under the Act.…
PODCAST OVERVIEW Host Jeana Goosmann and Goosmann Law Firm real estate attorneys Andy SimpsonBarry Sackett, and Alex Berenstein talk about the real estate industry and how it’s been affected by COVID-19 and what’s to change in the foreseeable future. They’ll address the top issues for developers, investors, builders, buyers, sellers, landlords and tenants – then they will discuss what you can do now to stay ahead of the real estate market during…
It happens daily. You do you an inspection of an apartment unit or rental property, or your maintenance technician is entering to change a filter for the furnace and what you find inside is beyond comprehension. Piles of trash, discarded food containers, newspapers, magazines, dirty dishes, dirty clothes, etc. Through the jungle of filth there are pathways cleared by the resident so they can travel to the bathroom, bedroom and kitchen. If you listen carefully,…
What shall you do with your real estate interest in this new world?  As employees flee work-spaces, the question arises, will they ever return?  Will anyone return to real estate built to host large groups of people: restaurants, hotels, churches, movie theaters, big box retail stores, everything stores like WalMart and Target, grocery stores, athletic stadiums, schools, universities, malls, airports, amusement parks, and large apartment complexes. This list is daunting and those that own and…
Are you a landlord, multi-family housing property owner, or property manager? Here are some recent updates regarding the eviction changes for Nebraska and Iowa during COVID-19: Nebraska: Governor Ricketts issued an Executive Order on March 25, 2020 suspending evictions for nonpayment of rent. With regard to the evictions, it does the following:…
Owners of residential real estate in the State of Iowa are legally required to provide purchasers with a written disclosure regarding the condition of several aspects of the property. Unless the transaction is exempt. The Iowa Code requires the seller to provide the disclosure to the buyer before an offer can be accepted. Essentially, the seller is required to disclose all known conditions that materially affect the property. Below are the minimum disclosures that are…