Risk mitigation starts with originations, continues through relationship management and lending, and merely “plays out” if a loan starts going sideways. By then it can be too late … It’s often been said, “The time between economic recessions in the United States is like a baseball game, one inning...
FCO’s 10 debt collection best practices for rental property managers Even in today’s healthy economy, the residential rent receivables that are written off as uncollectible remain at high levels. According to the National Apartment Association’s 2019 Income and Expense Survey, rents and damages...
Here’s what property managers must know to reduce the hidden risks in renters insurance platforms. Many property managers use fully automated renters insurance platforms. These solutions are efficient and effective. They deliver bottomline benefits to both property managers and residents. Most...
Following the trends of 2017 and 2018 (which saw five of the 15 costliest catastrophes in history), 2019 continued to see property and liability rates rise—and more stringent underwriting requirements. Some insurers’ once-strong appetites for risk in the habitational insurance market are waning....
Make sure you understand what you’re buying and what it covers. If I pay an insurance premium, does that mean I’ll get paid if something goes wrong? That question is difficult for the average insurance agent as well as the typical insurance consumer to answer. Understanding some insurance...
Tips for minimizing risk in today’s digitally reliant world By Zach Fuller Market shifts, tenant issues, lawsuits and maintenance expenses are risks we think about and plan for regularly in our investment endeavors. Proper planning and safeguards help you keep the returns you’ve built, both in...
Understanding property analysis can be the difference between a big profit and losing everything. By Scott Fahl Property analysis has long been a subjective practice, with as many different opinions on best practices as there are properties. Getting it right can mean the difference between a big...
Limitation of Actions. Or, put colloquially, the Statute of Limitation. Three words that can derail your foreclosure and impair the legal validity of both the mortgage and the underlying promissory note. Not paying attention can be devastating to a lender. So, what is the Statute of Limitation and how does it work?
Besides knowing the cost of the insurance, be aware of “gotchas” that can ruin you financially. There are more than 30 million lawsuits filed in the U.S. each year. If you own a home with equity, a business, rental income property or have large sums in stocks, bonds and cash, then you have a...
