Posted on: February 20, 2012 by total
ShareThis Want to show tenants how you rate as a landlord? The online landlord rating service CheckYourLandlord.com is now offering landlords the opportunity to show off their low-risk ratings. The new “Certified Property Verification Seal” from CheckYourLandlord.com provides renters with assurance that a rental property–and its owners have been independently investigated, reducing risks for both tenants and property managers
Posted on: February 18, 2012 by total
January 27th, 2012 The multifamily sector has strong prospects for growth and job creation, according to the National Apartment Association Education Institute (NAAEI). With a growing number of Americans renting, the demand for property managers is rising rapidly. Investors have been drawn in by the industry’s strong fundamentals, according to the NAAEI.
Posted on: February 16, 2012 by total
With pent up demand for multifamily why is the construction pipeline slow to respond? Credit underwriting. With a plethora of real estate assets available for sale why is sales volume year-over-year about the same? Credit underwriting. Real estate finance is not for the faint of heart. The credit pipes “frozen” in 2008 continue to un-thaw three years later. And reading demographic trend tea leaves is becoming a tricky business. With no end in sight to the current credit crisis, multifamily construction is hampered to the Nth degree. Multifamily owners benefit now, yes, with less product in the pipeline and pressure on rents. However, the need persist for more multifamily housing even as economy begs for construction jobs. With the lingering glut of foreclosures and limited consumer demand for new homes, housing starts have few friends. “Since the beginning of this recession the home ownership rate in the United States has dropped from 69% to 66%” – RBC Capital Markets Do we really need the housing starts going forward? Is there a pending housing shortage? Here are some facts: • Fact: U.S. population growth is slowing to around one percent • Fact: The average age is increasing to over 35 years old • Fact: The U.S.
Posted on: February 08, 2012 by total
Posted by Teresa on January 5, 2012 under Rental Market | For landlords in most markets, 2011 was a good year , with low vacancy rates and higher rents than previous years. What can landlords expect to see in 2012?