Roofstock Offers Guaranteed Rent on their SFR's

BY  ON OCTOBER 21, 2018

Caveat emptor…and of course, the devil is always in the details.  That being said, HousingWire is reporting that online property purchasing platform Roofstock is “offering a unique carrot” to entice investors to use its platform –  guaranteed rent.  Yes, you read that right.  The report says that Roofstock recently announced that it is offering an “industry-leading” guarantee that provides up to 12 months of rent on a vacant property purchased through the company’s platform.  The company says its “Roofstock Guarantee” begins providing rent payments to investors if the vacant property is not leased within 45 days of the property’s closing.  In addition, they are also offering a 30-day, money-back guarantee on SFRs purchased through its marketplace.  Indeed….

“We’ve introduced the Roofstock Guarantee to give our investors increased confidence when investing through our platform,” said Gary Beasley, Roofstock’s CEO and co-founder.

Click here to read the full story on HousingWire.com.

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PwC’s Emerging Trends in Real Estate 2019

BY  ON OCTOBER 21, 2018

 

PwC recently released their 40th annual Emerging Trends in Real Estate, one of the most highly regarded forecast reports for the real estate and land use industry.  The report contains extensive insight & analysis on industry trends and developments based on an extensive survey, multiple interviews and individual market focus groups.  Their publication is highlighted by its closely watched list of top emerging cities nationwide which includes their top 10 markets for real estate investors in 2019.  Bottom-line: this report is chock full of information affecting all areas of real estate across the nation.

“…2019 could be an exciting year for real estate. Now more than ever, real estate is viewed as a more mature asset class, fueled by the continued allocation of capital to real estate funds. Over the last several decades, we have seen the emergence of a number of different real estate investment vehicles, such as REITs, real estate private equity funds, commercial mortgage backed securities, mortgage debt funds, and crowd sourced investments.”

 

Emerging Trends in Real Estate’s 10 markets for real estate investors in 2019

1. Dallas/Fort Worth

2. Brooklyn, N.Y.

3. Raleigh-Durham, N.C.

4. Orlando

5. Nashville

6. Austin

7. Boston

8. Denver

9. Charlotte, N.C.

10. Tampa Bay

Click here to read the full report at PWC.com.

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NAFTA 2018- Good or Bad for Real Estate?

BY  ON OCTOBER 21, 2018

In a recent episode of Real Estate News for Investors, Kathy Fettke discusses the recent United States-Mexico-Canada Agreement  (USMCA) on trade to see if this is a good or bad deal for real estate.  This “NAFTA 2018” deal will not go into effect for another year but when it does it could bolster demand for commercial real estate, inparticular.  She reports that while there are plenty of critics, a few big names in U.S. real estate are giving it a “thumbs up.”

CBRE says the USMCA could fire up demand for real estate that supports distributors, automotive suppliers, and retailers. It says that NAFTA has helped generate “significant capital investment” in U.S. industrial real estate, and that complex across-the-border supply chains, developed under NAFTA, will be preserved.

 

Kathy Fettke is the Co-Founder and Co-CEO of Real Wealth Network and is passionate about researching and then sharing the most important information about real estate, market cycles and the economy. She’s author of the #1 best-seller, Retire Rich with Rentals, Kathy is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR and CBS.  Her podcasts are a good one to have on your playlist.

Click here to read the transcript on RealWealthNetwork.com.

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America’s Hottest ZIP Codes

BY  ON OCTOBER 21, 2018

Once a year Realtor.com zeroes in on what they see as the hottest ZIP codes in America where “homes are flying off the market.”  According to their research, young people are fleeing downtown and heading to the suburbs.  Downtown, suburbs, in/out…we just wish millennials would make up their minds.  Anyway, just be sure to check at their entire list of all 50 places.  Indeed…

“It turns out the classic selling points of the burbs—more space, good schools—grow more appealing as young people start families and their priorities shift.”

Click here to read the full story on Realtor.com.

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The Tax Migration Has Begun!

BY  ON OCTOBER 21, 2018

We have had several posts about this issue and the evidence keeps on coming in;  people are moving out of high-tax states into lower-taxed ones.  CNBC’s Robert Frank says that the “tax migration has begun” and that real estate sales are falling in high-tax states and surging in those with better tax-climates.  In particular he talks about massive growth in Florida and a drain taking place in in the Northeast.  Recall that last year’s tax reform drastically limited the amount of state and local taxes (so-called SALT) that can be deducted off of their federal returns.  So, the results are people making decisions based on what’s best for their bottom line….oh the humanity!  Savvy real estate investors will of course take note.

 

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New Miami Beach Laws Cracking Down on Short-Term Rentals

BY  ON OCTOBER 21, 2018

 

As an avid reader of this site, you know that we’ve had several posts about Miami Beach cracking down on short-term rentals.  In late September, the city implemented a strict new law designed to prevent widespread illegal rentals, partly resulting from previously reported issues and problems.  CNBC is reporting that online platforms with listings in Miami Beach are now required to list specific business license information on their sites.  The report says the new regulations were modeled after San Francisco’s and requires platforms to list the property owner’s city-issued tax receipt number and the resort tax registration certificate number for each listing.  In addition, rentals for less than six months and one day are prohibited in the city unless the property is in a legally permissible zone.  Short-term rentals are already largely illegal in the residential areas of the city.  Did you get all that?

Click here to read the full story on CNBC.com.

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Yardi Says Long-Term Demand for Rentals to Remain High

BY  ON OCTOBER 21, 2018

According to the latest Yardi Matrix, U.S. multifamily rents dropped $1 in September to $1,412, however on a year-over-year basis rents were up 3%.  Yardi says that the occupancy rate of stabilized properties has increased in recent months, which they say is a sign that demand remains solid in the face of a heavy development pipeline.

“Long-term demand for rentals is likely to remain high for a variety of demographic and social reasons. The renter-age population is growing, the economy is strong and there is demand from retirees downsizing from single-family houses.”

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The Pros & Cons of Paying Off Your Mortgage or Investing in Real Estate

BY  ON OCTOBER 14, 2018

If you have extra cash, should you pay off your mortgage early or invest in real estate?  The answer depends a lot on your current financial situation and goals.  However, according to today’s infographic from FortuneBuilders, it’s a good idea to consider the benefits of both options because you just don’t know which decision will be the best for you in your particular situation…and, in the long run!  Happy Sunday!!!

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Best Airports in America

BY  ON OCTOBER 14, 2018

Everyone has their favorite airport and can tell you a story about the worst. Consumer insight giant J.D. Power recently surveyed over 40k weary travelers for their 2018 North America Airport Satisfaction Study in order to gauge satisfaction with mega, large, and medium North America airports.  They looked at six important factors: terminal facilities, airport accessibility, security check, baggage claim, check-in/baggage check, and food, beverage and retail.

“North America airports have been doing a tremendous job managing passenger volume, adding amenities, and keeping travelers moving despite some noteworthy challenges, but they will be put to the true test over the next few years,” said Michael Taylor, Travel Practice Lead at J.D. Power.

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Multifamily Units See Large Spike in 2017

BY  ON OCTOBER 14, 2018

According to new research from the NAHB’s Eye on Housing, construction of units in large multifamily buildings (50+ units) grew by 18% in 2017, representing the largest increase since 1972 when this data started being collected.  In addition, they report that these units accounted for more than half of all multifamily completions.  The data cited is from the U.S. Census Bureau’s latest Survey of Construction (SOC).

Click here to read the full report at the NAHB’s Eye on Housing.

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