Rain City’s Market Remains Hyper-Competitive, “Complicated” By Carole VanSickle Ellis When investors think of Seattle, Washington, companies like Amazon, Starbucks, Zillow, and Microsoft likely spring to mind along with sky-high property values and lots and lots of rain. These are certainly facets of life in “Rain City,” but they only touch the surface of a complicated housing market and local economy. Although inventory levels in Seattle are sporadically rising, buyers
Read More
LRES is Primed to Support, Streamline and Optimize Clients’ Portfolios By Carole VanSickle Ellis When it comes to timing, diversified REO/asset management and valuations company LRES Corporation is fully focused on creating powerful solutions for investors and servicers facing today’s market pressures. This means constantly adding new tools and solutions to the company’s array of services and bringing in new talent (in new time zones) whenever necessary. The latest manifestation
Read More
How Asset Managers Can Utilize Security Deposit Replacement and Rent Guaranty Insurance By Adam Meshekow Every asset manager is focused on acquiring and selling assets to maximize cap rates and asset values. One key item when acquiring or dispositioning assets or asset portfolios is understanding the bad debt. Bad debt directly effects NOI and Cap Rates. While infrequent occurrences, defaults can ruin an otherwise strong financial performance. The SFR housing
Read More
Develop a Loss Prevention Mindset to Increase ROI By Shawn Woedl In the real estate world, a critical component of asset management is risk management. Your risk assessment of the property and potential liability concerns should begin before you even purchase the property. Much of the advice that follows will seem common sense, but when you put on an insurance hat, you may see red flags you had not considered.
Read More
Companies with Ability to Scale Will Succeed By Rebecca Smith and Andrew Oliverson What’s next for the U.S. housing market? That is the question preoccupying buyers, sellers, real estate investors, and mortgage servicers across the country. For the last eighteen months, foreclosure moratoriums and protections for homeowners impacted by the COVID-19 pandemic have contributed to a supply imbalance. As many of those protections retire at the end of this year,
Read More
From “Oregon Trail” to Operational Efficiency By Mike Chew Growing up, most of us can relate to the concept of the “awkward years” – the years when your body seems to grow faster than your sense of style. Braces, bad haircuts, short-lived fabs, and strange clothing choices come to mind. However, most don’t recognize such awkwardness when it is happening. Awareness usually occurs years later when you revisit those old
Read More
