Coronavirus and the State of Turnkey Rental Property in Northeast Ohio

Because of what’s going on right now in the U.S. with the coronavirus and the government efforts to stop the spread of the virus, we want to let you know what’s happening with TrueTurnkey and the Northeastern Ohio real estate market.

Here is what you need to know:

We are pleased to announce that construction and real estate are considered “essential businesses” in the state of Ohio. Therefore, our day-to-day operations on the ground have not changed and are still functioning.

Although the state of Ohio does have a shelter-in-place restriction, we are running “business as usual.”

This means the following:

· Construction is happening
· Renovations are getting done
· Inspections never stopped
· Leasing is going on as usual
· Property management is still in place
· Rent is being collected
· Utilities are getting turned on normally

Specifically, the TrueTurnkey process continues to flow. We are:

· Still able to transfer deeds
· Still able to file
· Still able to buy and sell

We hope this clears up any misunderstandings. There are many news reports flying around, and situations can be different from state to state during this national crisis.

We are pleased that governmental authorities recognize the importance of the rental property industry—people will always need a place to live, and we are proud to be a part of that process during this time of uncertainty.

Not only does TrueTurnkey play an important role in providing safe and affordable homes for families, we also don’t take for granted the role we play in helping investors place their investment dollars into tangible assets like rental property—instead of shaky paper assets like the stock market.

You can schedule a call with Andrew Schnall by clicking the button below if you have any additional questions about the Northeast Ohio market or want more information on how TrueTurnkey can serve you.

 


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