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You’ve been patient, persistent and hardworking enough to acquire rental property. Well done. It was not an easy journey, but thankfully, it’s now time to enjoy your hard-earned investment returns. Sadly, as much as it may have been a struggle, raising money to acquire property was arguably the simplest part of it all. In comes the most complicated part- managing your property well enough to maintain a good and constant… Read More
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For some property owners, particularly beginners, property management may seem like a very simple undertaking, which just entails meeting tenants, handing over keys, and collecting rent. The reality however, is that property management is far more complicated than that. There is a reason why property managers are considered great assets, second only to the actual properties they steward on behalf of their respective owners. And that has seen the industry… Read More
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$100 billion. That’s approximately what Americans have lost in damages to Hurricane Harvey, which is arguably one of the costliest hurricanes in recent history. Now let that sink in for a minute- $100 billion is equivalent to more than 200 million square foot of prime real estate in Los Angeles. If you thought it couldn’t possibly get worse than that, let’s wind back to 2005, when Hurricane Katrina hit Miami… Read More
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As the curtains draw on yet another eventful year in the rental industry, our eyes turn towards 2017 with excitement and optimism. 2016 has seen the industry go through many milestones, with the latest and one of the most critical ones being the hotly contested U.S. presidential election- which going by previous predictions, would have seen a slump in the rental and overall real estate appreciation rates. Fortunately, despite a… Read More
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It’s that time of the year again, when roads will be covered by freshly fallen slow, budgets strained by gift-giving and calendars packed with holiday parties and get-togethers. For the bulk of the corporate world, including real estate, it almost feels like it’s already time to close shop and retire home for the holidays. Only retail businesses and holiday rentals are guaranteed to make a killing, right? Wrong…In as much… Read More
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With the year 2016 almost drawing its curtains, we can confidently declare that it was one hell of a ride for a bulk of property management firms. The real estate market scene in the US has indeed lived up to earlier predictions, as houses continue recording some of the highest rental rates and prices since before the economic downturn in 2007- fuelled by downright low mortgage rates and increased demand… Read More
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According to recent polls, the clash between Hillary Clinton and Donald Trump is set to be brutal, with Americans gearing up for what is expected to be one of the most hotly contested presidential elections in the history of the country. It’s evidently a very unusual contest, with Trump being a presidential hopeful with no past political experience, and Clinton, on the other hand, a candidate who has been through… Read More
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Imagine dealing with troublesome tenants who call your phone at 3am, consistently make late rent payments, and probably even do a bit of drug dealing on the side. If you successfully dodge your way out of dealing with such, you could probably even end up with others, who down the road, you ultimately realize were less of a fit than the former. In a country of over 110.5 million renters,… Read More
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With a real estate market where more than 80% of home seekers are leveraging online search tools, it was only time before an application like Airbnb was launched, with a rather unique twist, to address a special market of accommodation seekers. Have you ever, at any one time, wished you could comfortably rent out part of your home to people seeking accommodation, even for just a night? If yes, then… Read More
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And now for the big question in many realtors’ minds- where do you stand to make more money- low end or luxury real estate? Typically, low end real estate requires low capital, making it particularly attractive to startups and small time investors. Luxury real estate on the other hand, is only a reserve for big firms with sufficient capital to spend in prime residential and commercial zones. Lately however, even… Read More