Commercial Investment Real Estate (CIRE) Property Management Blog

COVID-19 Letter to Tenants 3/23/20

System - Friday, April 3, 2020

Greetings,

We hope this email finds you well.  As you know we are in a very unique time due to the COVID-19 virus.  We, CIRE Property Management and the property ownership wanted to send you this communication so that you know what the management and ownership are doing at this time.

CIRE Property Management is fully functional and continuing to address property and tenant needs.  Additionally, property ownership and management will continue to fulfill all their financial and contractual obligations in order to maintain all services to the property. These include, but are not limited to, loan payments, property taxes, insurance, utilities, repairs, maintenance, etc.

We are also continuing to monitor the availability of any financial assistance or relief programs that will be made available to employers, employees, and residential tenants. As these services come available we will post them on our website blog: http://www.ciremgmt.com/property-management-blog

In the meantime, below is a list of resources and programs available to help individuals and businesses.

  • Tax Deadline Extensions – Federal and California State Taxes have been deferred due to the COVID-19 outbreak.  Please consult with your tax preparer for more detailed info.
  • Unemployment insurance – The Employment Development Department (EDD) provides a variety of support services to individuals and employers affected by the Coronavirus in California including unemployment insurance claims, extensions for employers and payroll reports and/or payroll taxes, and disability insurance claims for sick or quarantined employees.

  • Pending Federal Stimulus Package – The Federal government has strongly indicated that a stimulus package will be forthcoming.  While the amounts and timing of this assistance are not known, it does appear that this will be enacted soon.
  • Insurance – Business Insurance policies can have “business interruption” coverage that may cover losses incurred as a result of the COVID-19 outbreak.  Policies vary so consult your insurance company or broker.
  • FEMA Disaster Relief – Businesses can begin applying for FEMA Disaster Assistance while we await a disaster declaration to release these funds.
  • Small Business Loans – The U.S. Small Business Administration and other governmental and private programs are offering low-interest business loans to assist during this outbreak.

    • U.S. Small Business Administration (SBA)
    • California iBank
    • California Capital Access Program (CalCAP)
    • James Beard Foundation – Food and beverage industry relief grants
  • The Sonoma County Business Assistance Center has an extensive list of programs and assistance for businesses and employees that have been negatively impacted by the COVID-19 outbreak.

If you have any questions, the best way to contact me at the moment is via email: brian@ciremgmt.com

Stay Safe and Well,

Brian Tarkenton

CIRE Property Management


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2777 Cleveland Avenue, Suite 110
Santa Rosa, CA 95403
(707) 537-7636

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