Vernon Foster

Management & Rentals

VFMR 2803 W. Vernon Ave., Suite D, Kinston NC 28504

Property Owner Information

Updated April 2022

VFMR DOORS ARE OPEN FOR (YOUR) BUSINESS!

Everyone needs to be safe and use common sense practices. Hand washing and good personal hygiene goes a long way in staying safe and healthy.
It has been suggested that we should add "Goggles" as additional PPE... So, what's next? Hazmat Suits?
I am not suggesting the pandemic is not real. Yes, people are dying... Not only from virus', but add to the "mix" drunk drivers, opiod ODs, suicide... Not to mention or make slight of cancer deaths.
Hopefully, NC can move on to a more "open" condition, and SOON!
How is this affecting existing tenancies? Fortunately, the percentage of covid-related payment issues represents only 1.47% of all active leaseholds.
Our Property Owners (You!) are due the contract rental. Operating Expenses, especially fixed recurring expenses such as taxes and insurance, don't stop. Landlords are not included in the CARES ACT. So, Property Owners (You!) take it "on the chin".
VFMR is paid to collect rent (Period!). When your Tenant does not pay the contract rental as agreed, VFMR "manages" the situation by conducting all reasonable and legal methods of collection to bring the offending Tenant back into compliance with the Lease terms.
Actions and Statements by both State and Federal Authorities regarding non-payment of rental as well as enforcement of Lease terms through (the last available tool) legal eviction has caused confusion with some of the active tenancies. VFMR has worked hard to alleviate anxiety, explain/counsel what is broadcast/heard so as to avoid any precipitous climb in non-pays. This has worked well!
Even before any of this was formulated and various Executive Orders (primarily by Governor Cooper) established, VFMR had already formulated an appropriate response to covid-affected leaseholds designed to assist those tenancies AND, at the same time, protect the OWNER's interests and seek to avoid loss.
IF you have a leasehold which is affected by delayed/unpaid rental, Staff will keep you "in the loop" as to actions by VFMR. The latter will come to you as interim emails and/or OWNER NOTE appended to your Month End Statement. Please BE SURE to check the last page of each Statement for any OWNER NOTE providing you additional information. If you have a question, don't hesitate Sending Vernon an EMAIL.
I recommend you consider any and all adverse affects to your Rental Portfolio. Our Elected Officials should be responsive to all of its constituents.
Business', especially the small sole proprietorships in the service sectors, have pretty much all been shut down with a goodly number never to reopen.
I agree we all need to be careful, but also we need to carefully reopen. The larger metro areas are suffering greatly with incredible amounts of commercial vacancy loss as well as being impotent to enforce their Leases. THANKFULLY, the latter has not had such an impact on Eastern NC commercial interests. But, it all has a general affect on our local, State and Federal economies.
If you have not shared concerns with your elected representatives for your location, AND ALSO the location of your Rental assets, you might consider doing so.

Here are some links that you can use to connect with your local, State and Federal elected officials:

Email »Find your US House Representative
For others, just Google your locality and its elected Reprsentatives...

Following is a bit "off-topic", but I (personally) am quite passionate about our 2nd Amendment Rights as well as our entire Constitution.
No one has said it more eloquently and with force of conviction than the (late) Charlton Heston.

If you have never seen it, or you just need a "restart", the following link is NRA's Tribute to Charlton Heston... It's a 9-minute film presentation. Did you know Charlton Heston was a Civil Rights Activist? That he marched with Dr. King?
Take look... CHARLTON HESTON

The majority of us have worked hard for what we have. Our successes are shared through our stories and teachings. Our bread is shared with others without carjole or threat.  But, it can all evaporate like spilled water on a hot summer day.
Everyone has the right and the opportunity to grow and prosper. These things are what our Constitution is all about.
Some folks know this about me... As a college student, I was a Southwestern "Bookman"... I sold books door to door for five (5) summers in the Midwest and Southwest. The following was shared with the student salemen... Its Good Stuff!

Dean Alfange authored "My Creed"...
" I do not choose to be a common man. It is my right to be uncommon. I seek to develop whatever talents God gave me—not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I want to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole. I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence nor my dignity for a handout. I will never cower before any earthly master nor bend to any threat. It is my heritage to stand erect, proud and unafraid; to think and act myself, enjoy the benefit of my creations and to face the world boldly and say – ‘This, with God’s help, I have done.’ All this is what it means to be an American."

APRIL 2022...
North Carolina remains under a "Roy Cooper" imposed State of Emergency which provides the Governor inappropriate and illegal powers over YOUR BUSINESS... But, let not your heart be faint! And, I'll stay out of politics.
We have all learned good habits to carry forward as well as reminded of what our parents  and teachers taught us... "Cleanliness is next to Godliness."
Many small business' and sole proprietorships which were not considered "essential", have suffered greatly. As we have all heard for many weeks now, there is a balancing act between "Stay Home" and "Reopen, but with safety in mind". It is past time to do the former. Hey, we are all "big kids", right?
When I was a First-Grader, I waited for the crossing-guard to tell me it was okay to cross. I've grown up (I hope) and now know the reasonable things to do... Look left... Look right and then... left again.
(In my opinion) It is not the role of government to "hold my hand". We should all know better and we should all be accountable for our actions. When things go array, the first place to look for a reason and/or answer is "In the mirror".
Think about it... If this make some sense, consider it with everything going forward.
VFMR Offices are OPEN and have been OPEN all along. Yes, we do a few things differently now. And, that's okay and should be expected.
Folks are still visiting Available Rentals... Leases are still being signed and Rent is still being collected.

I could share more, but I'll save it for another day!
Vernon Foster, Agent
"OH! ONE MORE THING... Enjoy the following 'read'... It says everything about my philosophy, that of VFMR and what has made our America the Best is the World!"

The Uncommon Man

“I do not choose to be a common man. It is my right to be uncommon — if I can. I seek opportunity — not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I want to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole. I prefer the challenges of life to the guaranteed existence, the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence nor my dignity for a handout. I will never cower before any master nor bend to any threat. It is my heritage to stand erect, proud and unafraid; to think and act for myself, enjoy the benefit of my creations, and to face the world boldly and say, this I have done.”
Dean Alfange PROFESSOR