PropertyManager.com

Federal Laws Property Managers Must Be Aware Of – Part I

Posted on 31. Jan, 2012 by Mary Girsch-Bock.

Sometimes it seems as if all property managers spend a majority of their time memorizing various rules and regulations. New employees in particular are always trying to learn basic rules such as “when do we return security deposits, or what account does this deposit go into?”

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Two California Companies Develop Their Own “REO-to-Rental” Platform

Posted on 27. Jan, 2012 by Bryan Ives.

Following the announcement that the federal government will be implementing a pilot program in the first quarter to sell Fannie Mae, Freddie Mac and Federal Housing Administration REO homes in bulk to potential investors, two California companies are in the works to develop their own rental platform.

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Investors Favor City Apartments Over Suburban Communities

Posted on 19. Jan, 2012 by Bryan Ives.

Apartment building sales continue to remain strong, but in some areas investors are opting to invest in properties in cities rather than the suburbs. Two deals in the Boston area serve as a prime example.

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Top Reasons To Be Optimistic About Real Estate Market In 2012

Posted on 16. Jan, 2012 by Aaron Bosshardt.

Every agent I have has positive feelings about the year 2012. What’s even more shocking is that bank executives I have been talking to are positive for the first time since 2008. If you are a looking to perfectly time a long-term purchase of real estate, then this might well be the year to do it.

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NeighborWorks America Invests $1.3 Billion into Rental Homes

Posted on 13. Jan, 2012 by Bryan Ives.

NeighborWorks America invested over $1.3 billion in rental housing over the course of its fiscal year ending Sept. 30. The organization consists of 235 independent nonprofit organizations and owns or manages 90,000 rental homes. CEO Eileen Fitzgerald plans to build out the portfolio to exceed 100,000 rental homes through 2013.

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Elin Nordegren Demolishes $12 Million Mansion Due to Termites

Posted on 11. Jan, 2012 by Bryan Ives.

Tiger Woods’ ex wife, Elin Nordegren decided to have her $12 million dollar Palm Beach mansion torn down.

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Rental Housing and Apartment Rental Market Trends for 2012

Posted on 04. Jan, 2012 by Marc Courtenay.

The year 2011 will go down in history as the year when the rental housing and multifamily apartment rental markets began to tip in favor of owners and landlords.

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What Property Managers Need to Know Now About the Real Estate Market

Posted on 30. Dec, 2011 by Marc Courtenay.

Property managers need to streamline the application and screening process of filling vacancies. Finding good renters in this economy is becoming a numbers game. The better you know the condition of the housing market in your area, and the more potential renters you can reach and process, the more you’ll succeed.

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Florida Cities Rank High in Rental Property Market Analysis

Posted on 29. Dec, 2011 by Bryan Ives.

The latest analysis of “Best Market to Invest in Rental Property” found that five of the top ten US markets were in Florida.

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Tom Brady’s Green Mansion Nears Completion

Posted on 21. Dec, 2011 by Bryan Ives.

Tom Brady’s green dream mansion in Los Angeles is nearly completed, and should be quite the touchdown pass to environmentalists.

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Most Expensive Manhattan Apartment rents for 165,000 a month

Posted on 19. Dec, 2011 by Bryan Ives.

After two years of renovation, one of Manhattan’s most expensive rental apartments foxtrotted its way onto the market.

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Bank of America looking into a Foreclosure Rental Program

Posted on 13. Dec, 2011 by Bryan Ives.

A new rental program where a home is rented back to the borrower after foreclosure has caught the interest of Bank of America.

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RealtyTrac Report Shows Foreclosures on the Rise

Posted on 09. Dec, 2011 by Bryan Ives.

A US Foreclosure Market Report for October was recently produced by the Irvine, CA based Realtytrac.

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Cypress Equity and Fifield Plan to Build 1,000 Apartments in Los Angeles

Posted on 07. Dec, 2011 by Bryan Ives.

Michael Sorochinsky , CEO of Los Angeles based Cypress Equity Investments and Steven Fifield, CEO of Chicago’s Fifield Cos., plan on developing 1000 new apartments in the Los Angeles area.

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Think Lodging Credit is Easy? Think Again

Posted on 02. Dec, 2011 by KTS-Law.

There has been a recent influx in lawsuits by employees in the property management business. After much consultation and defense of employers in this industry, it has become clear that many employers fail to correctly pay taxes on lodging credit. One of the major problems employers have is grasping the understanding that lodging credit is still “compensation” for tax purposes.

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How to Select a Property Manager

Posted on 21. Nov, 2011 by Marc Courtenay.

A recent set of circumstances helped me to realize that property managers might want to know how owners and investors go about selecting a manager for their property.

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College Students Rent Mansions in Merced, California

Posted on 16. Nov, 2011 by Bryan Ives.

The housing collapse created an interesting opportunity for Merced, California college students. Rather than move into the typical dorm or run down rental, students are opting to move into deluxe properties that took a major hit in the wave of foreclosures.

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Rent vs. Buy

Posted on 15. Nov, 2011 by Mary Girsch-Bock.

It’s been a tough economy particularly for housing these last few years. Only in recent months have there been any concrete signs of recovery. It’s a buyers market for those looking for housing with record low mortgage rates and record low prices. But for some, renting makes much more sense economically, particularly for the short term, which is generally less than five years. So how do you convince someone that it’s in their best interest to rent?

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Winterizing Your Property

Posted on 07. Nov, 2011 by Jennifer Newton.

Frozen pipes. Drafty rooms. Broken tree limbs. Ice dams. These are just a few of the potential joys winter offers to the unsuspecting property owner — in addition to, of course, regularly shoveling and de-icing sidewalks and driveways.

Here are a few things to put on your list for winterizing a property so you stay curled up on the sofa with a cup of hot cocoa instead of trudging out into the cold to fix something at your rental property.

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Generation Y Will Raise Rents

Posted on 04. Nov, 2011 by Nora Betz.

According to a report compiled by Urban Land Institute, Generation Y will alter the housing market while creating a multi-generational household trend.

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Renting vs. Owning: The Rent Ratio

Posted on 03. Nov, 2011 by Marc Courtenay.

The buy-versus-rent question is particularly relevant right now as we see home prices continuing to decline and interest rates on new mortgages also going down to the lowest levels in 60 years. Back in April of 2010 The New York Times did an impressive job of explaining the ratio that helps define whether it is economically more sensible for residents to buy or rent their housing.

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GoldOller Buys 2,200 Apartments

Posted on 31. Oct, 2011 by Bryan Ives.

GoldOller Real Estate and Investments, LLC recently acquired Timberlake Apartments and the Glades Apartments. The purchase is part of GoldOller’s private, open-ended apartment acquisition fund launched in January 2010.

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More Than 1,400 Attend RealShare Apartments Conference 2011

Posted on 27. Oct, 2011 by Bryan Ives.

The latest RealShare Apartments 2011 Conference drew over 1,400 executives from the multifamily industry. Many industry leaders presented throughout the daylong event, providing some valuable insights regarding current market influences and trends.

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Grow Your Property Management Business with New Investors

Posted on 20. Oct, 2011 by Marc Courtenay.

These are the “better times”, when interest rates are their historical lowest and the number of people needing rental housing is growing exponentially with each passing year. As one publication stated it, “However, in real estate, the right time, the most advantageous time, is always the present.”

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