According to the 2019 Buyer Insights Survey Report, released this week by Auction.com, more than half of foreclosure auction buyers are mom-and-pop investors who are purchasing between one and five properties a year. The survey found that 51 percent of foreclosure auction buyers plan to purchase fewer than five properties in 2019, and 22 percent plan to purchase more than 10 properties for the year. Only 2 percent of buyers
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Property managers can be the difference makers for profitable portfolios. Owning rental properties can be an outstanding investment. But managing and growing a portfolio is also full of inherent challenges and risks. Managing tenants, rehab and general maintenance, vacancy cycles, and even legal and code-related responsibilities can be complicated and challenging—often requiring a range of specialized skills, strategic vendor partnerships and operational capacity. Property managers can identify trends across your
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Tips for minimizing risk in today’s digitally reliant world By Zach Fuller Market shifts, tenant issues, lawsuits and maintenance expenses are risks we think about and plan for regularly in our investment endeavors. Proper planning and safeguards help you keep the returns you’ve built, both in your business and investment portfolio. However, there is a “ROI killer” that happens quicker, hits harder and is more elusive than perhaps any of
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PeerStreet’s “two-sided marketplace” wins across the board. By Carole VanSickle Ellis When PeerStreet co-founders Brew Johnson and Brett Crosby started PeerStreet in 2013, the industry lacked the vocabulary to even describe the innovative online marketplace they had created. Although “two-sided marketplaces” did already exist (think: Amazon, Uber and Airbnb), the real estate industry had a notable lack of them. The new company’s aim was to change this and, in the
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Regulators, lenders and servicers must keep a keen eye on developments. By Ralph Stebenne Recent legislative enactments and judicial rulings have lenders and their servicers paying close attention to unpaid homeowner and condominium assessments. New Jersey and New York have introduced newly crafted legislation that will require increasing surveillance and expenses in the servicing of loans from these Eastern Seaboard states. The District of Columbia has issued a recent judicial
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Greg Rand watched his mother work hard to build her real estate business, even though realtors often didn’t get much appreciation. He was determined to change that image. By Greg Rand My earliest business memories are related to real estate because my mom, Marsha Rand, launched her real estate career when I was in elementary school. She went from a rookie agent to a top producer, to a branch manager
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