You Can Now Pay Rent Online
MULTIFAMILY NEWS Robert Morgan of Morgan Management, one of the largest multifamily owners in the country has been accused of a Ponzi Scheme. Allegedly, Morgan directed employees to falsify financial documents to get bigger loans. Investors in the scheme are owed $63m according to the SEC. Pay your rent online. With more than 43 million households paying […]
Rvs Outside of Google and High Rent
plus – retail real estate, DFW, and Amazon safety.
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MULTIFAMILY NEWS Here are the best and worst performing cities for Real Estate Investment according to tech company, Compound. The results are based on Q1 2018 to Q2 2019. -Indianapolis, Indiana -Cincinnati, Ohio -Kansas City, Missouri -Charlotte, North Carolina -Dallas Fort Worth For data’s sake, Indianapolis saw a 12% year over year appreciation followed by 8.37% […]
Top Multifamily Properties
MULTIFAMILY & TECHNOLOGY NEWS The Online Reputation Assessment released it’s top properties in the U.S. Here they are based on states:–2701 Connecticut. Washington, DC. Managed by WC Smith. –Sycamore at Tyvola. Charlotte, NC. Managed by Switzenbaum & Associates –The Kensington. Boston, MA. Managed by Bozzuto. –The Retreat at Trinity. New Port Richey, FL. Managed by Greystar. –500 Crawford. Houston, […]
What Do Renters Really Want?
MULTIFAMILY & TECHNOLOGY NEWS Marriott versus Airbnb. The hotel behemoth is entering the same space as Airbnb; home-sharing. After testing a successful pilot program in Europe, Marriott will bring ‘Tribute Portfolio Homes’ to the U.S. with more than 2,000 rooms in high-end homes. Shipping Wars. We’re not talking about the A&E show. Amazon announced its plan to invest […]
Chick-fil-A Versus Airports
MULTIFAMILY & TECHNOLOGY NEWS The tech industry is seeing growth in some unexpected places. According to the latest CBRE Tech 30 report, the tech industry is responsible for 1/5th of all office leasing activity. Here are 5 emerging tech markets to keep an eye on.-Colorado Springs -Kansas City -Ottawa -Sacramento -Tampa Airbnb is leading […]
Can Virtual Reality Save Retail?
MULTIFAMILY NEWS If you build it, they will come. Florida and the Southeast markets dominated the multifamily sector in Q1. Four markets in Florida ranked among the top 15 in the country. Those include Tampa / St. Petersburg, Orlando, Jacksonville, and South Florida.Why Florida? Sunshine, no state income tax, and a thriving job market appear to top the list. […]
Delayed Marriages are Helping the Multifamily Industry
MULTIFAMILY NEWS WalletHub just released its most liveable capital cities. Ranking factors include affordability, economic well being, quality of education and health, and quality of life.Did you make the list? 10. Des Moines, Iowa 09. Cheyenne Wyoming 08. Denver, Colorado 07. Concord, New Hampshire 06. Bismarck, North Dakota 05. Lincoln, Nebraska 04. Madison, Wisconsin 03. […]
Are You Experienced Focus?
MULTIFAMILY NEWS Are you familiar with Fitwel? Fitwel is the world’s leading certification system that optimizes buildings to support health. The Mckenize, a luxury high-rise in Dallas was just recognized as the first Fitwel multifamily development in Texas. Enhanced ventilation practices, smart lighting, and outdoor spaces are just a few of the criteria for Fitwel. A shift […]
Family Focused Apartments
MULTIFAMILY NEWS Last week, we mentioned that co-living spaces are starting to gain some traction. Family-focused apartments could be the next thing. Tishman Speyer and Common are partnering up to launch family friendly apartments. These apartments will feature common spaces, geared to specific age groups. Child care will be readily available and stroller parking will be a breeze. […]
Short Term Rentals are Taking Off
Why Hotel? The short-term rental game is gaining some steam. With more properties being developed, multifamily owners are wanting to take advantage of vacancies. One company, in particular, has created a business model around short-term rentals; WhyHotel. This company will partner up with developers to lease up to 100 empty units. These empty units are […]
Loan Limit Increase for Multifamily Mortgages
MULTIFAMILY REAL ESTATE Loan Limit Increase for Multifamily Mortgages In an effort to provide more capital and liquidity to the small loan marketplace, Fannie Mae is doubling its loan limit. The new small loan limit will be $6 million effective immediately. The ultimate goal is to increase the affordable housing supply. The Gamble is On […]
