Real Estate Trends, News and Articles for the Property Management Professional

Are Foreclosures a Great Property Management Opportunity?

Posted on 27. Aug, 2010 by Marc Courtenay.

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On top of recent news that housing activity is at it’s lowest since WWII comes the latest news about foreclosures all around the USA. This is what those of us watching the mortgage reset schedule have been anticipating, and it could spell unequaled opportunity for the property management business.
The number of U.S. homes lost to [...]

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Good News for Property Managers…Carpe Diem!

Posted on 13. Apr, 2010 by Marc Courtenay.

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These challenging times present many bargains, discounts and some exceptional opportunities for property managers. Although rental rates have dropped and vacancies soared in many areas of the country, there are many reasons to believe we are at or near the bottom.

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Apartment Vacancies Hit 30-Year High and That Can Be Good News

Posted on 16. Feb, 2010 by Marc Courtenay.

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Just as the number of apartment vacancies reached multi-decade highs, the number of homebuyers who are about to need apartments to rent will skyrocket. Reis, a New York real estate research firm, says apartment vacancies hit a 30-year high in the fourth quarter of 2009. Vacancy rates hit 8%, the highest level since Reis started tracking 79 U.S. real estate markets in 1980.

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The Bottom Line: Rents Now Cover Mortgage Costs!

Posted on 02. Feb, 2010 by Marc Courtenay.

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Few investors have noticed that rents are finally covering mortgage payments again in residential real estate. In many regions for the first time in years, rental income can pay the mortgage on smaller residential properties. We’ve waited a long time for this opportunity.

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Rental Housing and Real Estate Market Trends for 2010

Posted on 06. Jan, 2010 by Marc Courtenay.

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If you thought 2009 was an unforgettable year for real estate, property managers and residents, wait till you see what unfolds in the year ahead. Here are two of the trends.

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What Current Home Prices and Foreclosures Mean for Property Managers

Posted on 23. Nov, 2009 by Marc Courtenay.

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The median home in San Francisco sold for around $800,000 at the market top three years ago. Then prices collapsed, falling 45% according to the Case-Shiller home price index.
But an interesting thing has been happening lately. Home prices in San Francisco appeared to have bottomed in March. According to the same Index, they’ve been up [...]

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Renting vs. Home Ownership in the Current Market

Posted on 27. Oct, 2009 by Marc Courtenay.

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Allow me to cut to the chase. Two million people have lost jobs since January 2008; and many economists say that only two-thirds will return to work by 2013. This year’s shocking 12% decline in manufacturing production underscores this reality.
For many workers whose jobs were tied to housing, autos, textiles, plastics, fabricated metals, furniture, appliances, [...]

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The Credit Crisis and Its Impact on Rental Housing

Posted on 02. Jul, 2009 by Marc Courtenay.

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“When it comes to property management and the credit crisis, things are changing all the time…this is unprecedented in our 40 years of experience.”
This is a quote from an interview I conducted with a partner of a prominent Southern California residential property management company. She is also an owner of both single family and multi-family [...]