Wealthy tenants are SQUATTING in multi-million dollar homes in the Hamptons and refusing to pay rent after NY issued a non-eviction order due to the coronavirus crisis

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Wealthy tenants are SQUATTING in multi-million dollar homes in the Hamptons and refusing to pay rent after NY issued a non-eviction order due to the coronavirus crisis

  • Hamptons landlords are losing money as tenants try to stay during peak season 
  • One uses the summer rent to pay his son’s tuition and is out of pocket this year 
  • NY Gov Andrew Cuomo issued a moratorium on rent payments until 20 August 
  • Here’s how to help people impacted by Covid-19

By RYAN FAHEY FOR MAILONLINE

PUBLISHED: 04:30 EDT, 20 May 2020 | UPDATED: 10:14 EDT, 20 May 2020

Some wealthy tenants in the Hamptons are using New York state’s non-eviction order to squat in luxury while weathering out the coronavirus crisis, local landlords have claimed. 

One homeowner, who chose to remain anonymous but identified as middle-class, said that short-term renters are overstaying at his property in Sag Harbor and refusing to pay rent. 

Properties in the Hamptons rent for much less in the winter and early spring months, when the coronavirus outbreak began, but can ask for thousands more in the summer months.  

‘We’re not talking about poor people,’ the anonymous told the NYPost. ‘[…]It’s a very modest Sag Harbor house. And we use our summer rental to pay our son’s school.’

The squatter was paying $3,600 a month between October and March but claimed he didn’t have rent for April and dismissed the homeowner’s requests to vacate the property.   

The landlord said he is now looking at huge losses for the year – $15,000 in May alone with an extra $55,000 between Memorial and Labor days.

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CIC – Tenant Screening Policies & Procedures during COVID-19

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FREE ADMISSION – SPACE IS LIMITED!

LIVE Webcast: Wednesday, May 27, 2020 11:00 AM – 12:00 Noon PST

Got Vacancy?  Choose your next, best tenant worry free!

Only a couple of months ago, the spread of the global pandemic, COVID-19, became evident.  As the scale of the pandemic has evolved, government reaction has included orders to “stay-at-home,” moratoriums on evictions, frozen rents, among other actions.  Job loss, illness and economic decline has left many renters with no ability to pay all or a portion of their rent and has emboldened the more unscrupulous renters to simply stop paying their rent without reason.

How the Southland’s Top Property Managers are Working to Get Ready to Exit the Crisis – Will Business Be Different?

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LIVE Webcast: Wednesday, May 20, 2020 11:00 AM – 12:00 Noon PST

Hear from the Southland’s top property management experts about how they plan to return to work after the crisis. During this 1-hour online, interactive webinar, you will have an opportunity to ask your questions regarding what the future looks like when the doors open again.

Virus Fighting Germ Zero Team rolled out by Mold Zero

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Virus Fighting Germ Zero Team rolled out by Mold Zero!!

By Robert Tweed (Rusty Tweed) CEO MoldZero

Five years ago, local Glendale resident Rusty Tweed started Mold Zero, a company focused on eliminating mold from people’s homes and businesses.    Since then Mold Zero has grown quickly into a multi-million dollar operation, doing business around Southern California and the Tampa Bay area of Florida.  

The reason for this exceptional growth is Mold Zero’s unique patented process that is used to eradicate fungus in any indoor environment.   The process involves 2 steps.   The first is a unique “dry fog” that is pumped into the building.   The fog particles are as small as 6 microns, which is unusually tiny and allows the small nano particles to permeate every nook and cranny of the room or space that is being treated.   This non-toxic, environmentally friendly “dry fog” immediately destroys any single cell micro-organisms it comes into contact with.   Mold or Fungus is very hard to kill, as it is a living growing organism that shuns light and therefore thrives in dark, damp, hard to get at places.    Mold Zero’s technique will seek out and envelope the mold and it’s spores and render it inert in even the tiniest, tucked away locations.

Rent-Reduction Bill a Vast Abuse of Power

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Rent-Reduction Bill a Vast Abuse of Power

Assembly Bill 828 the “Gut and Re-Write” Former Human Trafficking Bill, Is Bad News

By Steven Greenhut, California Columnist

We’ve all accepted the need for some unusual public-policy measures to deal with coronavirus, but we should always look askance at proposals that are unnecessary, counterproductive and abusive of our rights.  Sadly, some legislators seem to be using the crisis to push the types of far-reaching legislation that could never get approved during normal times.

Assemblyman Phil Ting, D-San Francisco, recently introduced the most striking example of this phenomenon. Assembly Bill 828 purports to protect tenants during an emergency but poses a grave threat to property owners and established contracts – and could obliterate California’s already tight rental market even after the crisis passes.

COVID-19 Contract Issues

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March 2020

The COVID-19 pandemic and Governor Newsom’s “stay-at-home” order create challenges for businesses and landlords in California. As a result, parties to contracts could seek to delay or terminate their obligations. This article discusses some of the legal concepts with respect to delayed or excused contract performance.

Please note that federal, state, and local regulations, laws, and ordinances may override the common law and contractual principles discussed in the article.

Contract Provisions

Force Majeure

A “force majeure” provision in a contract allows a party certain rights if a given event arises. For example, a contract’s “force majeure” provision might allow a construction company to temporarily stop construction of or repairs to a building in the event of a hurricane, a riot, or governmental mandates in connection with a pandemic that impacts their work.

Generally, for a party to invoke “force majeure”rights under a contract, the contract must:

COVID-19: Emergency Ordinance and Executive Orders – A Crash Course

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By Gary Ganchrow

There have been several layers of emergency executive orders and local ordinances affecting property ownership since the COVID-19 pandemic began.  These executive orders and local ordinances have seemingly come out at dizzying speeds but have not necessarily been fully consistent with each other. Some (many) have protected renters, while relatively few others were designed to benefit property owners.  The one constant has been that they are hard to keep track of.

Below I discuss a few of the rights and protections the government has provided, but I start with two disclaimers. First, I provide an overview only, and second, because of the speed at which ne rules are created, some of the dates and laws discussed below may have already changed by the time you read this.

  • The CARES Act:  Relief for Property Owners

COVID-19 Update for Landlords and Property Managers: Where We are Today

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LIVE Webcast: Wednesday, May 14, 2020 11:00 AM – 12:00 Noon PST

PATTI WIDGET LIVE! – Get Answers to Your Questions from One of the Industry’s Top Property Management Professionals

Join us online for a live webinar and Q&A session with Property Management Expert, Patti Widget, Founder of Widget’s Way. During this advice filled webinar you will learn about the latest regulations and how they impact how you manage your rental property, challenges we face under an eviction moratorium, and many other COVID-19 related issues. Other topics of discussion include:

COVID-19: Understanding the CARES Act’s Benefits and Implications on My Tax Liability Featuring Robert Hall & Associates

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LIVE Webcast: Thursday, May 7, 2020 11:00 AM – 12:00 Noon PST

Are you wondering how the CARES Act, PPP, EIDL, and mortgage forbearance will impact your tax and financial situation? Understand the financial assistance available and the tax implications of the CARES Act on the real estate industry.

During this presentation, Tony Watson of Robert Hall & Associates will help you understand how you can benefit and start receiving financial assistance under the CARES Act and what “moves” you can make now, and provide you with real life, tried-and-true tax savings strategies used in the real estate industry.

COVID-19: Legal Q&A with Michael Brennan, Esq

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LIVE Webcast: Wednesday, May 6, 2020 11:00 AM – 12:00 Noon PST

MIKE BRENNAN, ESQ. LIVE!

Join us online for a live webinar and Q&A session with Mike Brennan, prominent eviction attorney.  During this important online session, Mike will address the questions YOU have about:

  • Landlord rights under local eviction moratoriums,
  • How to handle tenants threatening a rent strike,
  • What to do with a letter from a tenants’ union telling you to forgive rent,
  • Handling problem tenants while under eviction moratoriums,
  • What you should do when tenants say they cannot pay,
  • Dealing with tenants inflicted with COVID-19,
  • Operating rental property during a pandemic,
  • and much, much more!