Property Management News
The data shows that the average price of a property increases over time. In the United States, the demand for housing exceeds the supply. Realtors in Saint Paul, MN, released July 2022 data showing a 7.9% increase in the state’s median sales price to $339,900. The report analyzed residential real estate activity in Minnesota and combined single-family homes, townhouses, and condos. The affordability index, which measures home prices, fell 24.6% in July due to higher mortgage rates. Minnesota’s housing market also slowed in July, with sales down 19.2% compared to July 2021. Source: Unsplash Forecast for the Minnesota housing market Home prices in Minnesota continue to rise as... Read more
Making a decision to start a career in real estate takes a lot of courage. Real estate is an industry where everyone can make a successful career. It is full of...
By Nate Bernstein, Esq., Managing Counsel, LA Real Estate Law Group Every property manager, owner, or general partner has had the nightmare tenant- that calamity Jane or...
In today’s rapidly-evolving digital landscape, it’s easy to overlook the significance of traditional forms of communication, such as phone calls, in the...
This article is a continuation from RENT Magazine issue Q3’23. Built-in Financing To conduct a complete §1031 exchange, a taxpayer must replace the entire value...
Hoarding disorder is a complex mental health condition that can have significant implications for both the individual and the surrounding community. By understanding the unique challenges faced by hoarders and implementing appropriate strategies, property managers can create safe and habitable living environments while upholding the principles of fair housing. Understanding Hoarding Disorder: According to the International OCD Foundation, it is estimated that 2-6% of the U.S. population, or approximately 6 to 18 million people, struggle with hoarding disorder. Hoarding disorder is characterized by persistent difficulty discarding or parting with possessions, regardless of their value,... Read more
Students need accommodation, and landlords need occupants who pay their rent on time and keep a tidy home. Sometimes these ideals get lost in the excitement of moving...
By Nate Bernstein, Esq., Managing Counsel, LA Real Estate Law Group Introduction to the Subject of Real Estate Title Fraud and How You Can Unwind It and Protect Your...
The American Apartment Owners Association (AAOA) is thrilled to announce we’ve made groundbreaking partnerships with 100 leading real estate agents and brokers...
Construction projects can be overwhelming, and choosing an equitable contractor is crucial to ensuring that your project is successful. With so many contractors,...
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