Freshmen and seniors at about 200 colleges across the U.S. take a little-known test every year to measure how much better they get at learning to think. The results are discouraging. At more than half of schools, at least a third of seniors were unable to make a cohesive argument, assess the quality of evidence in a document or interpret data in a table, The Wall Street Journal found after reviewing the latest results from dozens of public colleges and universities that gave the exam between 2013 and 2016. Ouch. Double Ouch. https://www.wsj.com/article_email/exclusive-test-data-many-colleges-fail-to-improve-critical-thinking-skills-1496686662-lMyQjAxMTI3MDA4NjcwMzY0Wj/ I bring this new article to your attention for the following reason: Rental properties involve, fortunately or unfortunately, human beings. As I have written about human beings in other articles on this site, we are messy creatures–physically, emotionally, and mentally. (I mean, come on….if we weren’t, we wouldn’t have jobs in leasing, property management, real estate, court […]
Today’s blog post is related to your personal safety. PLEASE PLEASE PLEASE take a few minutes to read this information and incorporate it into your personal and company protocols. Dear Colleague, I am writing to share tragic news from South Bend, where a REALTOR® was brutally attacked and raped last Thursday afternoon while photographing a vacant home (not preparing to show the home or meet a client as the article says). The REALTOR® is a member of the Elkhart County Board whose Association Executive, Julie Alert, told us that an alarm sounded during the attack which caused the attacker to flee and neighbors to call the police. Police arrived to find the REALTOR® unconscious in the basement of the home. No arrests have been made. Please take a moment to share this news with everyone you know in the industry, so that it may serve as a reminder that safety precautions are […]
52 out of 100 largest U.S. cities were populated by more renters than homeowners in 2015, according to U.S. Census Bureau data. Think this may, just may, have serious financial implications for landlords, investors, and other stakeholders in these communities and beyond? Uhhhh, Yup. Here’s the full article published 3/23/17 about this trend: http://m.nreionline.com/multifamily/renters-now-rule-half-us-cities?NL=NREI-21&Issue=NREI-21_20170324_NREI-21_750&sfvc4enews=42&cl=article_4&utm_rid=CPG09000005928948&utm_campaign=8879&utm_medium=email&elq2=2497704fe62a40cbac47d1c8bd97e3b9 So, what’s the takeaway for you? We are in the midst of another mega demographic shift, but this time from multiple age groups. Both baby boomers and Millennials this time around are contributing to this shift. The rental market should stay extremely strong through 2030. That’s another 13 year bull market run for landlords. Home inventories will remain tight for renters to buy. This means your renters who will soon become home buyers, will certainly be looking for an option to do an early lease termination. Smart landlords will have their leases updated to offer this […]
All, Here’s the YTD rental stats for the areas we track in Indianapolis and surrounding communities. 2017 has started off strong with stable pricing, stable DOM, and stable inventories. Indy Rental Stats YTD Stay focused my friends, as I don’t anticipate this staying the status quo into Q3 and Q4. More about those expectations at a later post.
The phone call or email or text exchange always happens this time of year. It’s more predictable than what happens if you eat that Free gas station sushi and your digestive system. It always starts out with the landlord-angry-frustrated-pissed off-incredulous-beside themselves after they have sat down with their accountant or CPA and gotten the news about how much in taxes they have to pay on their total income for the past year. They’re heads are about to explode like a Super Nova. Finally the question gets asked to me,”Should I keep renting this house or sell it?” It’s at this point that the serious, logical dialogue starts and it usually covers the full gamut of financial calculations, emotional reasons for each action plan, and finally a projection of the results for each. Ultimately, each landlord has to make that decision themselves. But assembling the critical data to make an informed […]
“There is a shortage of quality rental housing.” Fist pump time if you’re a Landlord or Investor. That’s the overall opinions of some of the top managers of large, institutional portfolios of single family residences (SFR). Here’s the link to the brief article: http://nreionline.com/single-family-housing/top-sfr-owners-plan-grow-2017 It indicates, if demand for SFR’s remains stable, that rent prices should remain solid and absorption rates should be strong. What it also, indicates however, is that these same large institutional portfolios have new targets–YOU. As a smaller operator of SFR’s, you are seen as the enemy. You’re the competition. You’re who they want to gobble up or squash out of the rental game. So here’s the question for today: These portfolio managers have the spare cash, the human resources, the advanced technology, and the patience to crush you. How do you plan on continuing to compete against them? Go Guerrilla Warfare style against them. Here’s […]
If you own or are considering owning high end apartments as rental properties, do yourself a favor and check out this article from the WSJ. When a reporter uses vocabulary including “rough conditions” and “slash rents” and “deep concessions” and “glut of supply” ALL in the same sentence, that’s a not-so-subtle hint of the valuable information in the news article. Luxury Apartment Boom Looks Set to Fizzle in 2017 – WSJ Certainly, every market segment from first-time renters to move-up renters to empty-nesters has an ebb and flow to it. It’s capitalism and the forces Adam Smith described centuries ago. What you do with this information is the critical point and take away. Depending on your current interests, this could also be a buying opportunity for some savvy investors to pick up units from distressed landlords. As always, here’s to your pursuit of Financial Freedom!