Posts by Aprio Author
Aprio PPP Loan Forgiveness Resource Center Q&A
Defer and Reallocate Your Mortgage Payments
One of the most common COVID-19 debt service strategies we’ve seen is the deferral of mortgage payments over the next 90 days, with reallocation over the next 12-month period. You should discuss this with your lender immediately. Watch the video to learn more.
Read MoreConvert Your Loan to Interest Only to Manage Cash Flow
One strategy for managing cash flow and servicing debt during this pandemic is to speak with your lender about converting your payments to interest only. Watch the video to learn more.
Read MoreAlign Mortgage Payments to Rent Collection
The impact of COVID-19 has set the expectations that rent collections will temporarily decline. Should your mortgage payment decline too? Have a discussion with your lender to see if they will share that risk with you. Watch the video to learn more.
Read MoreUsing Reserves on Hand to Service Mortgage Payments
Most debt agreements require the funding of reserves on a monthly basis. Here’s an idea to help manage relationships with lenders during times of diminished rent. Approach your lender with the idea of using reserve funds to pay current debt service.Watch the video to learn more.
Read MoreTake Advantage of Forbearance on Federally Insured Loans
The CARES Act grants relief to borrowers with federally insured mortgages. If you have a federally insured mortgage you can apply for forbearance of up to 90 days. Watch the video to learn more.
Read MoreCOVID Relief Loans: Will your Nonprofit NEED a Single Audit?
After weeks of awaiting official guidance, the SBA has provided instruction via the AICPA Government Audit Quality Center (GAQC) regarding whether nonprofits receiving COVID-19 relief loans will be subject to a Single Audit under Uniform Guidance. The Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDLs) have been a financial lifeline for countless…
Read MoreCOVID-19 Rent Collection Strategies – Incentives for On Time
Tip #5 Incentives for On Time Payments from Aprio on Vimeo.
Read MoreCOVID-19 Rent Collection Strategies – Accept Credit Card Payments
Tip #4 Accept Credit Card Payments from Aprio on Vimeo.
Read MoreCOVID-19 Rent Collection Strategies – Applying Security Deposits
Tip #2 Applying Security Deposits from Aprio on Vimeo. If you are looking for a clever strategy to keep tenant rent flowing look no further than your bank account. Why wait until the end of lease terms to apply security deposits to delinquent balances? Watch the video to learn more.
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