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Target Auction Company Announces Online Auction Sale of 15 South Florida Residential Rental Properties

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Target Auction Company is offering 15 residential rental properties in Southeast Florida at online auction. The properties are located within the cities of Pompano Beach, Ft. Lauderdale, Hollywood, Miami Gardens, Opa Locka, Miami, and Homestead, Florida. Online bidding will begin Thursday, Feb. 18 and concludes Thursday, Feb 25 at 10 a.m. EST. Technology has changed the way investors and home buyers purchase real estate. Bidding and buying online is now as simple as the click of a button. Online auction marketing is the safest and most effective sales method, is an ideal concept to sell a single property or an entire portfolio at one time, and a true win-win for both buyers and sellers. According to Target Auction Company Executive Vice President Jeff Hathorn, this residential portfolio of 15 rental properties is new to market, and the properties are leased and ready for a new owner to start making money. “Now is a great time to get in and buy. Demand for residential rentals is strong,” he said. “These properties provide an ideal investment opportunity for both creating cash flow and increasing in value, and they will be offered with aggressive opening bid prices.” Hathorn explained that all 15 properties in the portfolio are owned by one seller and emphasized the unique opportunity the 21 rental doors provide buyers. “Since some of the 15 properties are duplexes, there are 21 rental opportunities with renters already in place,” he said. “Each of these properties is offered individually, so buyers have the possibility to purchase as many and whichever properties they so desire.” Each property will be sold with clear and marketable title. Designated property previews dates are scheduled, so not to disturb the tenants. We appreciate the opportunity to work with real estate agents and do so on all our auction properties. This auction offers a two percent (2%) buyer agent commission. Buyer agents appreciate our cash, contingency-free transactions! Target Auction Company specializes in auction marketing of all types of real estate at auction throughout the U.S. For more information, call 800-476-3939 or visit www.targetauction.com.

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ATTOM Becomes Fast-Growing Data Licensing Company With CEO Rob Barber At The Helm

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As the real estate industry continues to digitize, ATTOM continues to grow rapidly by providing a broad spectrum of businesses the data needed to enable digital products. Once an investor focused subscription business, ATTOM has evolved into the country’s leading data licensing platform and expanded at a remarkable speed. At the helm is Rob Barber, ATTOM’s CEO since 2015, who was recently named to the SP 200 (Swanepoel Power 200) for 2021, recognized as the definitive ranking of the most powerful and influential executives in the residential real estate industry. With over two decades of diversified experience in rebuilding and scaling companies, Barber has a strong track record in professionalizing businesses with turnaround strategies that transform teams, sales models, operational processes, and culture. The impact he has had on the industry has earned him additional recognition. Barber has also been named a HousingWire Vanguard, RISMedia Newsmaker, and Maverick and Tech Innovator of the Year by the American Business Awards. Under Rob’s leadership, ATTOM has been selected as a Top Company to Work for by MReport and recognized by HousingWire as a Tech100 company every year since 2015. Backed by a fast-growing team of passionate professionals, Barber has been able to scale ATTOM into a leading provider of nationwide real estate and property data for more than 155 million U.S. residential and commercial properties. In addition to acquiring several companies, ATTOM has built out three industry-leading divisions, ATTOM Data Solutions, RealtyTrac.com and Home Junction, catering to a range of entrepreneurs—from those who build businesses in their garage to those operating out of skyscrapers. Says Barber: “The industry is benefiting from our success as an honest, transparent data partner to entrepreneurs who have a vision and want to innovate solutions today that impact tomorrow. We truly support them in creating businesses based on data—and we never compete with them. That’s why so many entrepreneurs trust us as their strategic partner.” Along with the proliferation of ATTOM’s portfolio offerings and partnerships, the company’s leadership and workplace culture of empowerment have attracted a growing body of top talent from all over the country. This laser focus on leveraging the diversity of the workplace while encouraging accountability and open communication is a top initiative for Barber.  “Our culture requires employees to own their own outcomes. We encourage our team to make their own decisions and quickly learn from any mistakes. Every voice matters,” says Barber. “That’s why we promote distributed organizational decision-making and accountability. We value speed, abhor red tape and so do our customers.”   The impact of ATTOM’s expanded portfolio of proprietary property data and functional solutions has already proven crucial for businesses operating in today’s current climate. Since the onset of the pandemic, Barber has ensured that ATTOM provided real-time housing market updates and real-world data solutions to meet industry needs and new use cases. Throughout the worldwide crisis, he has laser focused the company on consistently carrying out its values, vision, and mission by investing in its most valuable resource: people.

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OWNING A HOME MORE AFFORDABLE THAN RENTING IN NEARLY TWO THIRDS OF U.S. HOUSING MARKETS

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ATTOM Data Solutions, curator of the nation’s premier property database, released its 2021 Rental Affordability Report, which shows that owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report. That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation. The analysis incorporated recently released fair market rent data for 2021 from the U.S. Department of Housing and Urban Development, wage data from the Bureau of Labor Statistics along with public record sales deed data from ATTOM in 915 U.S. counties with sufficient home sales data. Home ownership is more affordable in almost two-thirds of the country following a year when the impact of declining interest rates helped counteract home prices that rose faster than rents and wages. Trends favoring home ownership show up most in suburban and rural areas with the most affordable home values, while renting remains more affordable in the biggest cities. “Home-prices are rising faster than rents and wages in a majority of the country. Yet, home ownership is still more affordable, as amazingly low mortgage rates that dropped below 3 percent are helping to keep the cost of rising home prices in check,” said Todd Teta, chief product officer with ATTOM Data Solutions. “It’s startling to see that kind of trend. But it shows how both the cost of renting has been relatively high compared to the cost of ownership and how declining interest rates are having a notable impact on the housing market and home ownership. The coming year is totally uncertain, amid so many questions connected to the Coronavirus pandemic and the broader economy. But right now, owning a home still appears to be a financially-sound choice for those who can afford it.” Home prices rising faster than rents in 83 percent of counties across U.S. Median prices for three-bedroom homes are increasing more than average three-bedroom rents in 764 of the 915 counties analyzed in this report. Counties were included if they had at least 500 sales in YTD (Jan-Nov) 2020. The most populous counties where home prices are rising faster are Los Angeles County, CA; Cook County (Chicago), IL; Harris County (Houston), TX; Maricopa County (Phoenix), AZ and San Diego County, CA. The largest counties where rents are rising faster are Kings County (Brooklyn), NY; Queens County, NY; New York County (Manhattan), NY; Bronx County, NY; and, Allegheny County (Pittsburgh), PA. Renting more affordable than buying in nation’s most populated counties Renting is more affordable than buying a home in 18 of the nation’s 25 most populated counties and in 29 of 44 counties with a population of 1 million or more (66 percent) — including Los Angeles County, CA; Cook County (Chicago), IL; Harris County (Houston), TX; San Diego County, CA; and, Orange County, CA (outside Los Angeles). Other markets with a population of more than 1 million where it is more affordable to rent than to buy a home include counties in the New York City, Seattle, Dallas, San Francisco, San Jose and Boston and Riverside, CA, metropolitan areas. Among the 44 U.S. counties analyzed in the report with a population of 1 million or more, those where it is more affordable to buy a home than rent include Maricopa County (Phoenix), AZ; Miami-Dade County, FL; Clark County (Las Vegas), NV; Tarrant County (Fort Worth), TX; and, Broward County (Fort Lauderdale), FL. Owning more affordable in less-populated counties Home ownership is more affordable than renting in counties with a population of less than 1 million, especially among those with less than 500,000 people. Owning is more affordable in 47, or 50 percent, of the 94 counties with 500,000 to 999,999 people. The largest in this group where it is more affordable to buy are St. Louis County, MO; Pinellas County (Tampa), FL; Milwaukee County, WI; Marion County (Indianapolis), IN; and, Shelby County (Memphis), TN. The largest in this group where it is more affordable to rent are Honolulu County, HI; Fresno County, CA; Westchester County, NY (outside New York City); Collin County, TX (outside Dallas); and, Fairfield County (outside New York City), CT. Among the remaining 779 counties with a population less than 500,000, owning is more affordable in 510, or 65 percent. The largest in this group where owning is more affordable are Greenville County, SC; Adams County, CO (outside Denver); Lake County (Gary), IN; Hampden County (Springfield), MA; and, Clark County, WA (outside Portland, OR). The largest counties where renting is more affordable are Spokane County, (WA); Morris County, NJ (outside New York City); Polk County (Des Moines), IA; Richmond County (Staten Island), NY; and, Tulare County (Visalia), CA. Most affordable rental markets in South and Midwest; least affordable in West The report shows that renting the typical three-bedroom property requires at least a third of average weekly wages in 506 of the 915 counties analyzed for the report (55 percent). The most affordable markets for renting are mostly in the South and Midwest, led by Roane County, TN (outside Knoxville) (18.4 percent of wages needed to rent); Benton County (Rogers), AR (20.7 percent); Madison County (Huntsville), AL (21.6 percent); Greene County, OH (outside Dayton) (22.5 percent); and, Sullivan County (Kingsport), TN (22.6 percent). The most affordable for renting among counties with a population of at least 1 million are Allegheny County (Pittsburgh), PA (23.9 percent of average wages needed to rent); Cuyahoga County (Cleveland), OH (24 percent); Fulton County (Atlanta), GA (24.6 percent); Wayne County (Detroit), MI (26 percent); and, Oakland County, MI (outside Detroit) (26.1 percent). The least affordable for renting are mostly in the West, led by Santa Cruz County, CA (82.9 percent of average wages needed to rent); Santa Barbara County, CA (68.7 percent); Marin County, CA (outside San Francisco) (67.9 percent); Park County, CO (outside Denver) (67.5 percent); and, Kauai

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Geospatial Analytics® Democratizes Analytics for Front Line Workers Transforming the Real Estate Services Industry

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Geospatial Analytics®, a real estate software development company, announced the release of a new set of analytical solutions. The suite of products consists of Analytic Calculators™, Analytic Widgets™, Analytic Predictors™, and Analytic Pods™, which are an integral component of the Geospatial Analytics® industry-leading real estate management SaaS suite of solutions. A data analytics solution, Analytic Calculators™ enables users to answer important business calculations. Analytic Widgets™ enables users to access data from various sources and perform search functions with it. Analytic Pods™ allow users to daisy chain calculators and widgets together to solve problems. All solutions can be accessed by a mobile device, tablet, or computer. For instance, a technician comes to replace a store’s ceiling tiles. The floor plan is irregular, but he selects from floorplans in an Analytic Calculator™, puts in the measurements, and the calculator determines the material amount needed. He then uses an Analytic Widget™ to determine what stores have the tiles, the costs, and the distance to each store. Accessing an Analytics Calculator™, assembled within an Analytic Pod™, he determines which store to visit using these calculations for the optimal financial decision.  Management can use Analytic Predictors™ to aggregate the results from technicians, allowing for workforce and resource planning and forecasting of future demand.  “Analytics has historically been the domain of Data Scientists and the C-Suite, providing invaluable insight at the enterprise level,” said Cynthia Timm, president of Geospatial Analytics. “Operational processes and front-line workers have not been able to leverage the significant advantages of analytics in everyday tasks. These tasks are performed literally tens of thousands of times per day throughout the industry, wasting millions of dollars due to inefficiencies.  Management now can have access to all that information to make strategic decisions regarding operations. By democratizing analytics, Geospatial Analytics® is revolutionizing the use of analytics in business environments and transforming the industry.” 

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Fintech Company Obligo Raises $15.5M in Series A to Roll Out New Standard for Deposit-Free Renting

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 Fintech company Obligo announced a $15.5 million Series A funding round from investors including 83North, 10D, Entrée Capital, Viola Credit, and other strategic real estate investors. The funding will enable Obligo to roll out its deposit-free technology to millions of homes across the U.S. Obligo enables tenants to rent an apartment without a security deposit. Instead of paying a deposit or buying deposit insurance, renters submit a payment method for pre-authorization, similar to a hotel check-in process. If the landlord submits a charge at the end of the lease, Obligo pays out first, while the renter can repay either in full or in installments. Before applicants are approved to join Obligo, they must connect their bank account to the platform using Open Banking technology and pass a financial screening powered by Obligo’s AI-based underwriting engine. “With the economic impact of the COVID-19 crisis, deposit-free renting has never been more relevant,” said Roey Dor, CEO of Obligo. “We can help families avoid the burden of paying a security deposit at move-in, or return their deposits in the middle of their lease. Landlords that utilize our technology enjoy reduced operational costs and are able to promote their properties as deposit-free communities, providing a powerful incentive that drives both move-ins and renewals.” “Deposit-free renting has received unprecedented validation in the last year with regulatory tailwinds and increased demand from landlords seeking to gain a competitive edge,” said Yahal Zilka, co-founder and Managing Partner of 10D. “Within the deposit-free space, Obligo has a clear technology lead with powerful underwriting, collection and integration capabilities. We’re thrilled to join Obligo’s visionary team on this exciting journey.” Founded in 2018 by brothers Roey Dor and Omri Dor, Obligo has established partnerships with leading property managers such as Beam Living (StuyTown), Aimco, Common Living, Olshan Properties, AJ Clarke, Time Equities, Hunter Lafayette, Landmark Communities, and others. “After extensive evaluation, Common decided to roll out Obligo across our national portfolio earlier this year. During such a turbulent time, allowing Common renters to have more cash on hand through Obligo has been a game-changer,” said Brad Hargreaves, founder and CEO of Common. “Their team’s mission is fully aligned with ours: to create a stress-free rental experience, while boosting bottom lines for our real estate partners. Plus, Obligo is embedded right into our own branded software experience, which makes both our residents and leasing team happy.” About Obligo: Obligo rids both landlords and renters of the burden of security deposits, lowering costs, increasing cash flow, and simplifying the move-in process. Owners and managers use Obligo to streamline their operations, comply with changing regulations, make their listings more appealing to renters, and incentivize renewals. As the only non-insurance deposit alternative, Obligo’s credit-based solution keeps landlords secure and renters accountable by combining Open Banking technology with AI-based underwriting and collection capabilities. Since launching its fintech solution in 2018, Obligo has established partnerships with leading property managers across the US.

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