In our third webinar in a series exploring the impact of COVID-19 on landlords, Zibo CEO Chris Hsu hosted real estate CPA Eric Wallace and tax attorney Matthew Rappaport, Vice Managing Partner at Falcon Rappaport & Berkman PLLC to discuss updates to federal stimulus programs, eviction freezes and tax strategies to help landlords increase cash flow. Watch the replay here.
Some key insights from this webinar:
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Landlords dealing with tenants who can’t or won’t pay rent should recognize that the courts will face an unprecedented caseload backlog once COVID-19 related restrictions lift. Therefore, landlords should make every effort to work with tenants to avoid eviction proceedings.
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If you do have to evict tenants, be sure to have clear communication, documentation and demonstrated civility in attempting to resolve the issue outside of court. This will help the judge quickly rule the case in the landlord’s favor.
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Landlords can take advantage of the five-year Net Operating Loss (NOL) carryback provision in the CARES Act by exploring tax strategies such as Cost Segregation and Tangible Property Regulations.
Join us next week for another free webinar on Friday, May 15th at 9am PT / 12pm ET. We'll discuss how to structure your business to best protect your real estate assets during an economic downturn with tax attorney Jeffrey Lerman.
These free webinars are part of the Zibo series "Helping Landlords Navigate the Impact of COVID-19." As the current health crisis takes its toll on the economy, independent landlords across the U.S. are wondering how they’ll make their next mortgage payment and navigate this uncertain time. We hope these free weekly webinars provide the opportunity for landlords to have candid conversations with other members of the real estate community, learn best practices from experts, and apply strategies to stay afloat during these unprecedented challenges.