Property Management News
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 bonus payouts—it’s a wonder that organizations don’t buckle under the weight of all that pressure. And the worst part of it is that, with all the time spent on budgets, operators end up putting their head facing the CFO and COO and their rear end facing the customer—often in the 3rd and even 4th quarter which can be some of the more challenging times. Everyone muddles through but often at the expense of a) taking too much time away from customers and b) setting up goals and objectives that only cause more... Read more
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...
Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most...
Freddie Mac surveyed urban renters to examine how the COVID-19 pandemic may have changed their perceptions about city living. Survey results showed that urban...
NMHC quarterly survey shows debt and equity financing has become less available. Apartment market conditions continued to tighten and financing became more costly, according to the National Multifamily Housing Council’s quarterly survey of apartment market conditions for April. “Demand for apartments continues to exceed supply, resulting in the fifth straight quarter of tightened markets,” said chief economist Mark Obrinsky. “Yet, even as rent growth and occupancy remain elevated, developers are struggling to build more housing due to the increasing cost of materials, a lack of available labor, continued obstructionism from NIMBYs, and, because of rising interest rates, an... Read more
Real estate investors say inflation is their biggest concern, but even though it’s rising it isn’t stopping them from investing in new projects. That’s according...
Council unanimously OKs softening low-income requirements for controversial bonus ADU program. San Diego gave developers a new incentive Monday to build more accessory...
A home equity line of credit (HELOC) is a secured loan that allows you to borrow money against the equity you’ve built in your home. As you pay your mortgage, you...
Alterra is offering shares at $1 per token in a 24-story housing project in the heart of Silicon Valley. Dallas-based developer Alterra Worldwide is about to break...
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