Property Management News
Sure, location is important, but what does that mean? According to a new study, it means being close to public transportation. The study, performed by the American Public Transportation Association and the National Association of Realtors shows a significant preference towards easy access to low-cost transportation. Data reveals that during the last recession, residential property values performed 42 percent better on average if they were located near public transportation with high-frequency service. When homes are located near public transportation, it is the equivalent of creating housing as desirable as beach front property, said APTA President and CEO Michael Melaniphy. This study... Read more
by REI Liaison Property Management As a landlord, retaining good tenants should be one of the biggest priorities. Good renters make great assets. The good news is that...
Tenants in San Francisco are lobbying against a law that would allow landlords to pass on the costs of earthquake safety updates to tenants. According to a newpaper...
The National Multi Housing Council (NMHC) and the National Apartment Association (NAA) released the apartment industrys 2013 policy agenda today. Top priorities for...
Increasing confidence in home sales and an improved sense of job security provide further evidence of the strengthening of the housing market, according to Fannie...
In an effort to give families and communities affected by Hurricane Sandy more time to recover, Freddie Mac announced that it is extending its mandatory suspension of evictions and foreclosures involving homes secured by mortgages owned or guaranteed by Freddie Mac through April 30, 2013. The extensions apply to borrowers with homes or places of employment located in presidentially declared Major Disaster Areas where federal Individual Assistance programs are available. Freddie Mac is one of the nation’s largest investors in residential mortgages. Since Hurricane Sandy struck the Northeast, Freddie Mac has been continuously providing relief and support to borrowers and communities... Read more
Fortunately, most tenants behave well, and the year goes by uneventfully. But not always. For those times when tenants becomes a problem, landlords need their lease...
Landlords may think that a solid lease agreement will get them through any tenant challenges, but it’s more likely to be their rental application that trips them...
Mortgage rates moving into 2013 remained near all-time lows, dropping to 3.34 percent for 30-year fixed-rate mortgage for the week ending January 3, 2013. This...
by Bethany Wood In the past several weeks I have had discussions with three different borrowers that thought they could not refinance a rental property. Each one had...
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