Property Management News
Chicago had one of the nation’s highest foreclosure rates in the first half of 2022 as the end of moratoriums pushed the numbers back toward pre-pandemic levels. Some 0.30 percent of the city’s housing units had foreclosure filings, compared with the national rate of 0.12 percent, according to a midyear report from Attom Data Solutions that analyzed more than 200 major metro areas. Cleveland, Ohio, topped the list with a foreclosure rate of 0.4 percent, and Atlantic City, New Jersey, and Jacksonville, North Carolina, were close behind with 0.33 percent and 0.31 percent respectively. The report found that there were a total of 164,581 properties with foreclosure filings in the U.S. in... Read more
Aid has run dry, but nonpaying tenants remain shielded from eviction. When New York’s rent relief program launched early last summer, landlords saw a light at the end...
Hard assets such as commercial real estate tend to retain their values during periods of high inflation. Not that we needed it, but last week we received another...
By Terry Painter, President of Apartment Loan Store and author of The Encyclopedia of Commercial Real Estate Advice I have worked as a commercial mortgage banker...
There are different ways to invest in real estate. If making money sooner rather than later is your goal, one of the key ways you can do that is by purchasing real...
Over the past several months, we’ve seen a spike in the number of student housing communities that buyers are converting to traditional multifamily properties. Here is a rundown of the factors driving this trend, what types of student housing properties are a good fit for conversions, financial issues to consider, and potential impacts to student housing and multifamily markets. When a Conversion Makes Sense Buyers are interested in converting student housing communities in any market that meets the following criteria: Sub-90 percent occupancy; Located more than 1 mile from campus; Located in a market where newer, pedestrian-friendly student housing communities are located less than a... Read more
By Terry Painter, President of Apartment Loan Store and author of The Encyclopedia of Commercial Real Estate Advice Recently, my company, Apartment Loan Store, got a...
Is there any time of the year more frustrating than budget season? So much depends on it—promises to ownership, commitments to management, and benchmarks for future...
By Brent Sprenkle, author of Billion Dollar Portfolio: How to Create a Real Estate Empire At a point in the ownership of every investment property, there will be a...
By Roger Luri, author Don’t Buy Multi-Family! BUILD IT As real estate investors, the capital we put into our investment...
Accessibility