Resources for Property Managers - Provided by IREM
LOUISIANA REALTORS • April 10, 2020
Serving real estate professionals who manage all property types, we have been an integral force in the State of Louisiana since 1967. We are dedicated to delivering leading-edge networking and educational offerings for every stage of your career, evolving with you to provide lifelong professional development opportunities.
Being prepared is critical to preventing the spread of infectious diseases and minimizing impact should an outbreak occur. From our governments and health systems, to the personal responsibility of each individual, we all must maintain a state of readiness and ability to act. Property managers inherently have a high standard of responsibility, but especially in uncertain times there are many people who rely on us as leaders to keep them safe and protect their interests. From employees, to owners, investors, residents, and tenants, there are several aspects of preparedness, business operations, and communication needed to address each one of these stakeholders when faced with the threat of a pandemic. The single most important action to take is to plan now.
COVID-19 Resources and Information
March 30, 2020
Small business loan information
The Coronavirus Aid, Relief, and Economic Security (CARES) Act increased the role of the Small Business Administration (SBA) to assist U.S. businesses impacted by the COVID-19 crisis. The two main vehicles for these relief efforts are the SBA 7(b)(2) loans – Economic Injury Disaster Loans – and the SBA 7(a) loan program. Businesses with 500 employees or less, including sole proprietors, independent contractors, and cooperatives are eligible for loans during the covered period of January 31st to December 31, 2020 in response to COVID-19. Loan resources and information are available below:
March 23, 2020
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To support multifamily property owners during this national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of COVID-19.
Forbearance is available to all multifamily properties with a Fannie Mae and/or Freddie Mac-backed performing multifamily mortgage that has been negatively affected by the coronavirus national emergency.
Free On Demand Courses Available
Right now, it’s more important than ever to be on top of trending topics. That’s why we’ve made some of our on-demand courses available for free to our members. And since things continue to change on a regular basis, we’ll continue to provide you with new free courses every week. Here’s what’s currently available:
Free for the next six months:
Free through Friday, April 10:
Free through Friday, April 17:
From the Front Lines Series
From the Front Lines Series
IREM will be sharing short 10-15 minute videos on a regular basis in the coming weeks on topics related to helping you manage your business. Topics so far include: Force Majeure Lease Provisions, Business Interruption Insurance, Exceptional Customer Service, Virtual Tours and Rent Collection, And Much More… Keep checking back for new topics
2026 Louisiana housing market outlook for agents. Learn how local data, pricing strategy, and negotiation tactics shape success in a balanced market.
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple announced today that the Louisiana Department of Insurance (LDI) continues its work to develop a regulation creating benchmark discounts for Fortified roofs in Louisiana. The LDI is working with the National Association of Insurance Commissioners (NAIC) to develop the benchmark discounts using Louisiana-specific data, hurricane modeling and actuarial considerations. “With over 11,000 Fortified roofs in Louisiana and two years-worth of insurer experience with rating for those roofs in our state, now is an appropriate time for the LDI to establish benchmark discounts for homeowners insurance companies operating in our market,” said Commissioner Temple. “These benchmarks are being thoughtfully developed to help consumers receive the discounts they deserve for fortifying their homes while making sure insurers know the benchmarks reflect how much Fortified roofs actually mitigate their exposure to risk across Louisiana.” Like in Alabama’s Fortified benchmark discount structure, the LDI regulation would require Louisiana insurance companies to either meet the minimum benchmark discount established by the LDI or provide actuarial justification for why the company’s discount does not meet the benchmark. Louisiana is the fastest growing state for Fortified roofs in America. To date, over 11,000 Fortified roofs have been installed in Louisiana, including over 4,100 through the Louisiana Fortify Homes Program.
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