Hint: It’s all about the tech stack. In the five years leading up to the pandemic, property management firms began to realize the need for the right tech stack to keep their businesses competitive and, ultimately, successful. But in the last few months, in the wake of the COVID-19 crisis, moving processes online has become mandatory. To their surprise, property managers find the transition has not disrupted their businesses. Rather,
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A willingness to adapt processes, communicate clearly and seek opportunities are keys to remaining successful in the age of COVID-19. Investing in rental property is a great way to diversify your portfolio and build wealth. But, real estate investing is not for the faint of heart. This is especially true right now as we navigate the COVID pandemic. What has the pandemic changed about rental property management? One major area
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What opportunities lie ahead? For the real estate market, the pandemic has revealed underlying weaknesses in some otherwise dependable investments and surprising strength in others. The single-family rental (SFR) market, in particular, has proven to be exceptionally resilient. Cautious Optimism in April As the COVID-19 crisis dawned, industry participants were cautiously optimistic during their first quarter earnings calls. Rent collections in March were better than many had expected, with April
Read MoreToorak Capital Partners has hired Kevin Tatro as head of asset management and reporting and Stephen J. Tyde Jr. as head of special servicing. Tatro brings more than 30 years of experience in asset management and commercial real estate debt to Toorak. Most recently he served as principal and head of asset management at Woodbridge Investments. He’s also held leadership positions atMacquarie Group, Doral Group,Landesbank Baden-Württemberg and J.P. Morgan Investment
Read MoreNational Land Realty (NLR) and LandGate (LG) have announced a strategic partnership to expand services, data intelligence and marketing capabilities within the land industry. The combination of LandGate’s data intelligence and NLR’s network of agents will create a major marketplace for all land transactions, with the largest number of listings from farmers, ranchers and landowners. The platform will provide an estimated value for every parcel of land, including multiple resource
Read MoreOne of the country’s largest mortgage service providers, Mr. Cooper, has transitioned itsportfolio to CoreLogic’s DigitalTax Platform. The move is designed to provide Mr. Cooper’s customers with best-in-class digital, data-driven solutions. “Mr. Cooper is known for its innovation and operational excellence, and we are honored to have been selected as the company’s partner,” said Frank Martell, president and CEO of CoreLogic. “Our goal is to help Mr. Cooper streamline critical
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