WILMOTH Group - July 2020 Company Update

WILMOTH Group - July 2020 Company Update

Inspection Problem Solved

As the months have gone on facing a public health crisis and managing rental properties has been an ongoing challenge. Working with tenants affected by COVID-19 while trying to figure out how to change our operations on the fly has been a priority. One of the more complex problems we faced has been what to do about occupied properties and our normal inspection program?

We knew we could not operate as we always have in the past. The inspection process consisted of scheduling a visit and walking around a tenant’s home. Not a safe idea for the tenant or our staff since there is so little way to limit COVID except with distancing and face masks.

We think we have figured it out!

Starting this week we introduced our new Virtual Inspection Service with a dozen inspections completed with cooperative tenants. We believe this is another one of those improvements in business that the pandemic forced upon us! Let us know what you think when you receive your first inspection download.

Marion County Rental Assistance Program

Indianapolis-Marion County announced Wednesday a new $15 to $18 million COVID-19 Rental Assistance Program. The program is a effort funded by federal relief funding Coronavirus Aid, Relief, and Economic Security (CARES) Act. and a donation from the Lilly Endowment. The city plans to help 7000 to 11,000 households make up to three months of unpaid rent.

Applicants must be renters in Marion County whose income has been reduced due to the pandemic. Renters who receive other forms of assistance will not qualify.

Renters can apply beginning Monday, July 13, 2020 at indyrent.org.

This program will be similar to the offering for all Indiana counties except Marion. To review what we know on the Indiana program administered by the Indiana Housing & Community Development Authority (IHCDA):

  • Provides assistance of up to $500 per month, for 4 months, for households unable to pay all or part of their rent due to a COVID-19 related job loss or income reduction
  • Requires landlord’s agreement to participate in program – will not evict for nonpayment until renter is more than 45 days delinquent on rent
  • Payments made directly to the landlord
  • An estimated 12,000 households could be helped
  • Current household income, including unemployment, must be less than household income on March 6, 2020
  • Household must not have already received emergency rental assistance as part of COVID-19 response
  • Must not already receive rental assistance such as through Section 8 vouchers or USDA assistance
  • Applications open on July 13, 2020 at indianahousingnow.org.

One important note: WILMOTH Group will not be considering new hardship requests until a tenant has applied for one of these two programs.

Welcome Evan Wilbrandt to the Team!

Evan has joined us bringing a strong operations and logistics background from Toyota. He is a graduate of Indiana University and is busy learning learning all of WILMOTH Group’s systems and processes. He has already started making a big difference on the team as he has initially been tasked with implementing our new virtual inspection program.

I’m excited to start diving into the real estate world! I like the concept of working in an environment where you are not dealing with the exact same tasks everyday. Real estate is an industry that will be challenging at times but also rewarding as I start on the road to success. I’m looking forward to learning and excelling with the WILMOTH Group!

Even Wilbrandt

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WILMOTH Group is headquartered in Indianapolis, Indiana. We focus on providing creative local solutions for a variety of residential real estate needs including, properties for sale, property management services in Central Indiana.