Where There is Chaos, There is Often Opportunity By Rick Sharga As we prepare to exit one of the most tumultuous years for the housing market in recent memory, there’s a lot to unpack. The market started the year off white hot, with consumers, and individual and institutional investors competing for limited inventory, driving home prices up another 15% from 2020’s already-high numbers. Housing starts were increasing to levels not
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The Right Tool for the Job By Carole VanSickle Ellis If you only have one tool in your toolbox, it had better be a hammer. There are more than 100 tools and tasks that do not include pounding nails for which a carpenter or builder can use a hammer, and even the biggest fan of today’s modern pneumatic nailers probably still carries a hammer on the job. “A hammer is
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Data Provides Greater Insight and Potential for Success for Industry Professionals By Erica LaCentra Companies in the real estate industry today are in a unique position where there is truly greater access to data than ever before. Long gone are the days of making decisions based only on anecdotal evidence, historical trends, and experience within the industry. Having the ability to pull accurate data in real time is empowering those
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Understanding Granular Attributes Crucial in Identifying Opportunities and Risks By Jason Stanley Single-family rental (SFR) is hardly a new phenomenon, but it has seen explosive growth recently. Occupancy in Q4 2021 was near 95%. According to CoreLogic’s Single-Family Rent Index, SFR has seen 13 consecutive months of record-breaking year-over-year (YoY) rent growth for all price tiers. In April 2022, the YoY SFR rent price growth was more than double what
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The Things That May Keep You From Waking In the Event of a Fire By Justin Ford Most of the world changed their clocks back this past month to adjust to daylight savings time. With that, came the biannual message of “Change Your Clocks, Change Your Batteries” from the local fire department, as a reminder that it is time to replace the batteries in your homes smoke alarm and carbon
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Save Money Through a Preventative Approach By Vincent Deorio As so many know, the end goal of asset management is to maximize net operating income (NOI). There are three primary ways to achieve a high NOI — increase revenue, decrease vacancy, or decrease expenses. During the period of resident occupancy, above all else, increasing resident satisfaction through effective property management is the most valuable approach. This means not only being
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