Affiliate Updates for March 2020
JOHN ADAMS MORTGAGE
Join Larry Bsharah for the Mortgages in Michigan Virtual Town Hall on April 28th at 7pm. Larry will share how the past 6 weeks have impacted home financing and will answer questions about what to expect ahead in 2020. Register here.
CAPITAL TITLE
We want to send infinite gratitude to all of our team members who have been showing up to keep business moving during this difficult time. We’ve gathered a few “Thank You” shout outs from agents for you to enjoy!
INSURANCE ONE
PREMIUM REFUNDS FOR PERSONAL AUTO INSURANCE
In response to the impact of the COVID-19 crisis, leading insurance companies are providing a percentage-based refund on personal auto premiums. Below you will find the refund amounts for the top carriers at Insurance One.
Frankenmuth Insurance: 15% refund on personal auto premium for April & May
Safeco Insurance: 15% refund on April & May premiums starting April 7
Citizens: 15% discount on April & May premiums
Progressive: 20% credit for April premiums for each car insured as of April 30; 20% reduction on May premiums for cars insured as of May 31; credits will apply automatically in May & June
AAA: 20% refund applied to two months of premiums for the months of April and May
RENTAL MANAGEMENT ONE
Governor Whitmer signed an Executive Order extending the current EO prohibiting evictions until May 15th, 2020.
As was the case with the original ban, the following is how this relates to landlords and our interpretation based on the counsel from the Michigan Attorney General:
Termination Notices. Limits issuance of a termination notice to only situations where a tenant “poses substantial risk to another individual or an imminent and severe risk to property.”
Nonpayment of Rent Notices. Limits issuance of a Demand for Possession for Nonpayment of Rent.
Execution of Writs. A Writ can only be executed to remove people and/or personal property if a tenant “poses substantial risk to another individual or an imminent and severe risk to property.” Thus, a writ cannot be executed for other legal action, such as a nonpayment case.
We recommend that landlords continue discussing the inability to pay rent with their tenants. Open communication is beneficial during these times, but we are reminding everyone again to have every agreement or payment arrangements in writing.
If you have questions or need assistance, Rental Management One is here to help you navigate this.
email: rmo@rentalmanagementone.com
Call: 248 208 3882