Think Ahead to Life After the Pandemic by Heather Park Property managers and rental owners are experiencing unprecedented times. With the recent extension to the eviction mortarium, property owners and managers face more time without crucial rental income to offset costs and pay mortgages. We know it’s difficult watching cash reserves deplete without the ability to use a critical method of lease enforcement to collect past-due rent or find renters
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Here Are FAQs on the Eviction Moratorium Background CDC issued its initial order temporarily halting residential evictions of covered persons for nonpayment of rent on September 4, 2020. That order was set to expire on December 31, 2020. On December 27, 2020, the President extended the expiration date of the CDC order until January 31, 2021. On January 29, 2021, the CDC Director modified and further extended the order until
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The Future Belongs to the Professionals, the Trusted, the Innovative by Andrew Smallwood There are 3 questions driving the future of value creation in professional property management: How do we create an experience so good that residents never want to leave? How do we create an experience so good that investors never want to sell? How do we create an experience so good that talent wants to be in this
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Consumers Demand Modern Insurance Products Similar to the Other Tech They Love by Darren Nix Being a rental property owner comes with several significant financial considerations, including having the appropriate insurance coverage for your investment. Financial losses for property owners are not uncommon. According to the Insurance Information Institute, home insurance losses in 2017 amounted to $56.5B, with an average property claim of $15,532. For landlords with large multi-family buildings,
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Single-Family Rentals Are Part of the Solution to the Housing Crisis by Doug Brien Institutional investors have been crowding into the housing market, buying up homes at a record pace, with some $48.5 billion spent on almost 68,000 single family homes in the second quarter of this year alone, according to Redfin. That’s up from $38.9 billion in the quarter before, and $20.9 billion a year earlier. Outlets from NBC
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