REI INK

How the COVID-19 Crisis Continues to Impact Real Estate Investors

The economy is open, but that doesn’t mean we’re “back to normal.” Things have changed dramatically for real estate investors since the start of 2020. In January, real estate investors were still shaking hands with everyone at seminars, slapping each other’s backs at networking events and doing everything they could to “get out there” in competitive housing markets around the country. Now, just six months later, investors are bumping elbows

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How Resident Satisfaction Impacts Net Operating Income

Have you considered the role your maintenance process plays? Of the various approaches to maximizing net operating income (NOI) for a rental property, improving resident satisfaction is often overlooked. This is largely because it feels like a qualitative measure when compared to other more historically quantifiable expenses that directly impact the bottom line. This is also precisely why improving resident satisfaction may be the key to improving your NOI. First,

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Real Estate’s Short, Hot Summer

With any luck, demand will heat up the housing market this summer. Spring is a home-buying season. However, the 2020 season had a false start. 2020 started with new and existing home sales at a 12-year high. In late February to early March, mortgage applications were up, and the market looked optimistic. Then COVID-19 hit, and the U.S. sheltered in place. Open houses were canceled, and future homebuyers were suddenly

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Black Knight Introduces SCOUT

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Black Knight, Inc. has launched Black Knight SCOUT, a remote property inspection mobile app. The cloud-based application streamlines the appraisal process by allowing homeowners to collect property details and photos and send them electronically to appraisers to perform due diligence and analysis without requiring an appraiser to enter the property. Appraisal management company representatives or lenders working with them don’t need a specific software or system to interface with the

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CIG Capital Announces New $125 Million Lending Project for The Villages at West Point

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CIG Capital, an alternative investment firm, has announced a $125 million lending project for The Villages at West Point, an upscale 624-unit destination-location development in West Point, Georgia. Despite the economic slowdown, CIG Capital is continuing to provide 100% funding for projects across a variety of industries, including multi-family housing construction. Located on 70.3 acres of land, The Villages will feature resort-style apartment homes and secure on-site boat, recreational vehicle

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Bedrock Introduces Initiatives for Successful Downtown Detroit Reopening

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Commercial real estate firm Bedrock has announced “Bedrock Relaunch.” The program offers additional months of rent abatement to restaurant and retail tenants. The temporary lease amendments for eligible establishments will run through Dec. 31, 2020. Bedrock Relaunch is part of an ongoing effort to help position its tenants for a safe and successful reopening following the outbreak of COVID-19. Their initial relief program began in March, which offered small business

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