A common question from my clients is “My Tenant just declared bankruptcy and I got the notice in the mail today. What does this mean for me as the landlord/property manager/investor?” Here’s a single page, well-written explanation from this month’s National Association of Residential Property Managers (NARPM) magazine of what to do/what not to do. Landlord Loses Because Tenant Went Bust, Broke, and Bankrupt As with other legal issues, it’s best to seek counsel from an attorney in your state/city who deals with these issues in their primary practice. Why subscribe to our weekly tips? Because…..
To avoid burnout in this industry of real estate rentals, you gotta step back and laugh sometimes at yourself and others. Evictions suck to be sure. But at least you can be thankful you didn’t have any of these 7 weird evictions happen to you.
The rental market for the month of May was a busy one with brisk leasing activity and a lower Days On Market (“DOM”) for most market areas, but not all market areas. Here’s the full report: Indy Rental Stats May 2016 Happy Investing!
Times they are a changin’……again. A new study by Pew Research Center shows that young people are choosing to live with their parents in a higher amount than ever before in modern history….even higher than living with a romantic partner. Why the change? Pew researchers suggest several factors, including declining employment among young men in recent decades and lingering effects of the recession. But the researchers said that the chief reason is a “dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35” either with a spouse or a partner. “Forming a new family is not nearly as important as it was for young adults,” said Richard Fry, a senior researcher with Pew, a nonpartisan think tank that conducts public-opinion polling, and does demographic research. So what does this mean for Landlords and Investors? It could mean the following: Your rental properties with a target demographic of this age group may be tougher to fill due to financial constraints of the tenants moving out of […]
Good afternoon, everyone! We’ve updated our monthly market report for Indianapolis and all the surrounding areas. Click the link below for all the April 2016 stats! Dan Baldini Rental Stats 2016 Indianapolis markets
All, Here’s the Q1 2016 Indy area Rental Stats. So far, it’s been a bountiful harvest! As always, if we can be of any assistance, call or click. Q1 2016 Indy Area Rental Stats Please note: Our firm puts these numbers together not by city, but by school system/area.
Property rights continue to be under full assault. Here’s another recent article describing the Who/What/Where/Why…. http://www.foxnews.com/politics/2016/03/20/no-right-to-rent-cities-barring-property-owners-from-renting-out.html
Have you seen this movie yet? If not, don’t worry….you will soon possibly be re-living it in just a few years. According to this WSJ article, similar loans are coming back around. (ADA Moment here: Did ANYONE on Wall Street or in the lending world learn a damn thing since 2008 real estate meltdown?) Sigh….. Ok, now that I have that out of my system, here’s the link to read the entire article. Liar Loans making a comeback Here’s my thoughts on this situation: Keep some of your powder dry. With the reintroduction of these types of higher risk loans, this implies there will be good opportunities in the next 3-5 years to pick up more distressed properties. Greed is good….for you and I to take advantage of others hubris and ignorance. Just make sure you don’t get too greedy. Pigs get fat–hogs get slaughtered! Take stock of your current […]
Today’s WSJ published an article about the US Housing Market recovery diverging into two recoveries. Reminds me of the Dickens classic a bit…. Essentially, lower priced inventories are vanishing fast while inventory on the higher end piles up. While on the surface this might seem like “Economics 101” (and it does reflect some of that light) there is more to the story, especially as it relates to your rental portfolio positions and future purchases. WSJ Housing Market Takes on Split Levels 030816. Here’s some of the highlights from the article: On the low end, after a slow recovery from the housing bust, first-time buyers are finally returning to the market, bolstered by still-cheap mortgages. But after years of little new construction, inventory is still tight. High-end buyers, meanwhile, are more sensitive to the stock market’s struggles this year. So…..how does this information impact your rental […]
The most recent numbers for Q4 2015 foreclosures are published. Here’s a link to the full report: MIBOR_FSS_2015-Q4 If you’ve been having trouble finding that ‘value-add’ property, this report will give you the insights…. As always, I’m here to assist if you need help. Dan Baldini is a leasing and property management coach. He helps Landlords and Property Managers streamline their rental operations to maximize earnings, so they can achieve Financial Freedom faster. He is also the Founder of Polaris Real Estate & Polaris Property Management, LLC and has been an Adjunct Professor in the College of Business Finance Department at Butler University in Indianapolis where he taught Real Estate Investing. He is an active real estate investor himself, owning and managing a portfolio of investment properties in the Indianapolis markets. He has been active in real estate since 1996 with a specific focus on rentals and investment properties. Dan also is a licensed real estate Continuing Education […]