Flipping on the Rise While Profit Margins Fall
BY BRAD BECKETT ON OCTOBER 6, 2021
ATTOM says that even though home flipping is on the rise, the profit margins associated with those flips are at a 10-year low. According to their Q2 2021 U.S. Home Flipping Report, 79,733 single-family homes and condominiums were flipped in Q2, 2021. Click here to read more.
Demand for Second Homes Tanks
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By Brad Beckett on September 30, 2021 We have had several posts over the past couple years about the growing demand for second homes. However, a recent report from Redfin says demand those homes dropped 19.3% year over year in August, marking the third-straight month of declines. Click here to read more. |
Hard Money vs Private Money
By Tony Youngs on September 21, 2021
Tony Youngs says he began his real estate career back in 1986 after attending a seminar and purchased a home study system and then began to implement it. The course taught him how to find foreclosure properties in his county and then he would go out and look at the ones in his area. One time, he came upon a property that he thought was vacant, as it was in pretty bad shape. While walking around the property, to his surprise, it turned out that it was not vacant and there was a lady in the window looking out at him. Click here to read more.
South Florida Landlord Requiring Tenants Get Vaccinated Against Covid-19
By Brad Beckett on September 21, 2021
A landlord in South Florida who owns multiple apartment complexes is requiring tenants to be vaccinate against COVID-19 or live someplace else, as reported by the South Florida Sun Sentinel. The report also says that if you’re a current tenant, when it comes time to renew your lease, either get “the jab” or find another place to live. Click here to read more.
Foreclosure Activity Rises After Moratorium Expires
By Brad Beckett on September 20, 2021
According to their Q2 2021 U.S. Foreclosure Market Report, ATTOM Data says, foreclosure starts increased 27% from August with completed foreclosures increasing 22% from one year ago. Click here to read more.
Five Must-Know Steps to Renovating a Multifamily Apartment Property
By Brad Beckett on September 7, 2021
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talked with Ken Gee the five most important steps you must follow when renovating a multifamily apartment property. Click here to read more.
Supreme Court Blocks Eviction Moratorium
By Brad Beckett on August 27, 2021
In a decision late Thursday evening, The U.S. Supreme Court blocked the CDC from enforcing a federal moratorium on evictions that was recently reinstated by the Biden Administration. CNBC said called it a defeat for the Biden administration’s efforts to continue the eviction moratorium despite an earlier signal from the court that the government lacked the proper legal basis. Click here to read more.
Management Matters
By Jeffery S. Watson on August 26, 2021
Jeffrey S. Watson says he dictated this on his way to meet with a contractor and a tenant to collect 3 months of unpaid rent. The tenant had stopped paying rent due to a COVID illness and domestic issues. He says emphatically, “management matters.” Click here to read more.
Your Tenant Broke Their Lease? Here’s What’s Next
By Brad Beckett on August 25, 2021
On a recent episode of Rent Perfect podcast David Pickron sits down with Arizona Attorney Mark Zinman to discuss the proper steps to take when a tenant has broken their lease agreement. Click here to read more.
Biden Administration Announces New “Targeted” Eviction Ban for Renters
BY BRAD BECKETT ON AUGUST 4, 2021
“Say it ain’t so, Joe”…..The Biden Administration said Tuesday afternoon that the CDC’s rental eviction moratorium would be resurrected in some manner or form, and true to his word, later in the day the CDC announced its new eviction moratorium, which is set to expire on October, 3, 2021. Click here to read more.
