Real Estate Pros See Rentals as Lead Generators

Experienced real estate pros are turning to rentals to help expand their businesses and provide an added revenue-generating opportunity, finds a new study from RentSpree, a software provider for tenant screening, renter management, and more. In 2020, real estate agents with three years or more of experience were three times more likely to complete a…

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Lead-based Paint Violations Surge in Remodeling Boom

As home remodeling increases, the EPA is warning remodelers to take special precautions in older homes and watch out for lead-based paint violations. Lead-contaminated dust from chipped or peeling lead-based paint in homes built prior to 1978 is one of the most common causes of elevated blood levels of lead in children, according to the U.S.…

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Some Lenders Set to Resume Foreclosures in July

Pandemic-related moratoriums on foreclosures and evictions are set to expire June 30, and some lenders plan to start resuming foreclosures in July. About 2.1 million homeowners are still in mortgage forbearance, according to the Mortgage Bankers Association. As of April, about 1.8 million households who aren’t in forbearance were 90 days delinquent on their loan,…

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Florida REALTORS® Files Suit Against CDC

The Centers for Disease Control and Prevention is facing another challenge to its federal eviction moratorium, which has prevented evictions of renters during the COVID-19 pandemic. Florida REALTORS® filed a lawsuit this week in the U.S. District Court in Tampa that alleges the moratorium is “an unprecedented and unlawful federal administrative order” that oversteps the…

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Orlando homes sell at fastest rate in 15 years

Orlando buyers have to act fast to score a home.  The average Central Florida home in April sold in 42 days, the shortest period in any month since 2005, according to the Orlando Regional Realtor Association. The average number of days on market dropped from 48 days in March.  Selling in minutes Even though 42…

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What Is Property Management?

Property management is the practice by which a third party is responsible for maintaining a residence’s status quo and appeasing its occupants. Therefore, property managers are traditionally hired by rental property owners to oversee the daily operations of their real estate assets and deal with any questions or concerns the tenants may have. If the…

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Summer Vacation Rentals Are Already Skyrocketing

As vaccination rates rise, many states are loosening restrictions on travelers, prompting some Americans to look for homes to book for this summer. Short-term vacation rentals are seeing a surge in demand and their owners are prepared for a lively summer. “This is probably contradictory to what a lot of people may think, but it’s…

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Foreign Investors Compete for U.S. Suburban Homes

Foreign investment firms are reportedly making a big play for single-family homes in American suburbs. These overseas investment firms traditionally have targeted office buildings, hotels, and shopping centers internationally. But they are seeing promise in buying or building rental homes—by the thousands—throughout the U.S., The Wall Street Journal reports. They’re targeted suburban neighborhood homes near…

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What To Do when a tenant stops paying Rent

A Tenant refusing to pay or frequently pays late is considered one of the major issues landlords face. Moreover, it is not just the presence of the issue that’s disturbing yet how costly it is in terms of money and time and for a real estate investor or homeowner time is of the essence. So…

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Out-of-state buyers seek move-in ready Orlando homes

Recent clients of Orlando real estate agent Kim Arena knew they wanted out of California, and they decided at the airport their destination would be Central Florida. The couple originally planned to fly to Tennessee and search for homes in Memphis. However, they researched the city while at the airport and decided they wanted to look elsewhere.…

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Eviction Moratorium Still in Effect

The Centers for Disease Control announced it is extending by an additional three months—through June 30—its nationwide eviction moratorium, a measure that has come under increased scrutiny recently. The moratorium prohibits housing providers from evicting tenants who are unable to pay their rent due to financial hardship from the COVID-19 pandemic. The moratorium, however, has been blamed…

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Lake Nona

Is Real Estate Investing In Lake Nona Favorable?

First of all Lake Nona is one of the absolute best places to live in The state of Florida. Therefore, many families favor living there instead of other places, as a result It will provide a large number of tenants (shorter vacancies).In addition, becoming a homeowner in Lake Nona Has never been more favorable due…

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housing market

Hot Housing Market Hasn’t Produced Home Flipping Boom

Quick home flips may be more challenging to accomplish in a heated housing market. The number of homes flipped by investors decreased in 2020 for the first time since 2014 as profit margins slipped, according to a new report from ATTOM Data Solutions, a real estate data firm. ATTOM defines a home flip as a…

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Buyers Rush to Lock in Low Interest Rates

The spring homebuying market is typically marked by higher sales and a greater number of house hunters, but many real estate professionals feel a spring-like market has been in full swing since the pandemic began a year ago. “There will be no spring homebuying season in 2021, as we’ve been in it the entire time,”…

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Orlando home value appreciation trails rest of the nation

A new study shows Orlando home prices are appreciating slower than the national average — but that’s not necessarily bad.  Home prices in the Orlando metro climbed 7.3% year over year in the fourth quarter, according to a Feb. 23 report from the Federal Housing Finance Agency. That’s slower than the national average of 10.8%, and…

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Forbearance

Homeowners Are Now Eligible for Up to 18 Months of Forbearance

Homeowners struggling financially during the COVID-19 pandemic have received another extension for their mortgage payments. The Federal Housing Finance Agency announced Thursday it is providing an additional three months of forbearance to borrowers with loans backed by Fannie Mae and Freddie Mac, bringing forbearance up to 18 months total. To qualify, borrowers must be enrolled…

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Buyers Snatch Up New Listings as Quickly as They’re Available

Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of REALTORS®. Existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—rose 0.6% in January compared to December 2020 and are up nearly 24% over a year ago, the National Association of REALTORS®…

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Homeowner

How To Become a Homeowner

Becoming a homeowner is a major step to take towards financial freedom that’s why it should be carefully planned, starting with setting a budget that best suits your price range. By the time the search for the right home is initiated it is important to take into consideration how will the funding of the new…

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When Is it a good time to invest in real estate

When Is It a good Time to Start Investing in Real Estate

Financial Ressources When is comes to investing in the real estate the first step before Seeking knowledge to find out whether the market is hot or not, any real estate investor should first make sure there are reliable financing resources in hand such as: Loans, mortgages or simply being capital ready. Knowledge of The Real…

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Selling

Home Sellers Are Feeling More Optimistic

As home prices rise by double-digit margins year over year, homeowners are increasingly viewing selling favorably. Consumers reported a significantly more positive view of homeselling conditions month over month in January, jumping 16 percentage points on net, according to Fannie Mae’s Home Purchase Sentiment Index, based on a survey of 1,000 consumers. “Overall, the index’s…

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NAR Joins Coalition Calling for Clarity in Rental Assistance

Housing groups, including the National Association of REALTORS®, are urging federal agencies to provide more information on the distribution of $25 billion in rental assistance under current COVID-19 relief legislation, which was signed into law in December. The coalition of real estate trade organizations says the funds are critical to counter the economic fallout of…

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Mortgage

This Is the Best Time of Year to Get a Mortgage

Home buyers better hurry: This month may offer the best time of year to get a mortgage. But February can offer some of the best rates too, according to a new study from Haus, a home-finance startup. The firm studied seasonality, loan size, credit scores, and other factors that play a role in mortgage rates.…

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Wealth Gap Grows Within the Housing Market

Wealth Gap Grows Within the Housing Market

The pandemic is expanding the divide between those who are thriving financially and those who aren’t, CNN reports. Stock market growth is enriching the wealthy and they’re up-sizing by purchasing pricier homes. However, those facing unemployment in the pandemic and first-time buyers who don’t have equity in a current house, are struggling in the housing…

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Orlando

Where You Can Still Snag Homes for $100K or Less

Home prices are surging by double-digit percentages annually, but deals can still be found in pockets throughout the country. Realtor.com®’s research team recently conducted a study to find out where. They searched listings in 150 of the largest metro areas to find which ones had the most homes for sale at $100,000 or less. That…

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Mortgage

These Lenders Issued the Most Mortgages to Buyers in 2019

Quicken Loans originated the highest number of home purchase loans in 2019, more than any other lender, according to a new analysis from Ascent, a personal finance resource produced by The Motley Fool. Wells Fargo closed loans totaling more than $305 billion in 2019, 73% higher than its nearest competitor. Ascent looked at the top…

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Real Estate

Real Estate Pros Pick 2021’s 7 Biggest Housing Issues

The lack of inventory will be the biggest story in housing this year, said real estate professionals recently surveyed by HomeLight, a real estate referral company. HomeLight’s Top Agent Insights report, conducted in the fourth quarter of 2020, reflects responses from more than 1,000 real estate professionals nationwide. What issues are top-of-mind for real estate…

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Single-Family Rents

Single-Family Rents Rebound, Now Exceed Pre-Pandemic Levels

After a slowdown in rental growth during the spring and summer of 2020, rents are back on the rise. A new report from CoreLogic shows that national single-family rental prices increased 3.7% year over year in November and are now above the levels before the COVID-19 pandemic started. “This is in contrast to rents for…

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Housing Market Boom

Housing Market Boom May Tempt Sellers to Overprice

Buyers beware: It’s a seller’s market and homeowners are holding firm on the price. More than half—or 52%–of about 1,000 real estate professionals recently surveyed believe the biggest challenge that home sellers will face in 2021 is the temptation to overprice their homes due to the hot market conditions. The homebuying frenzy since the pandemic,…

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Market 2021

Poll: Consumers Expect Even Hotter 2021 Market

Sixty percent of home buyers and sellers say they’re optimistic about the housing market in 2021, a leap above 2020’s numbers, according to a new survey commissioned by Redfin. High earners and homeowners are the most upbeat, shows the survey of more than 1,400 people, which was conducted in November and December. Nearly three-quarters of respondents…

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Affordable Housing

Amazon Jumps Into Affordable Housing With $2B Pledge

Amazon is following the lead of other tech giants by looking for ways to help solve affordable housing woes that plague areas where it has offices. Tech companies have long been blamed for fueling surging home prices that push out local residents who seek more affordable housing. Amazon.com Inc. announced it would commit more than…

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Mortgage

Mortgage Rules Toughen Up for Condos in Vacation Hot Spots

Mortgage financing giants Fannie Mae and Freddie Mac have tightened rules on buildings that offer too many short-term rentals in vacation locales, drawing objections from the real estate industry. The new rules could make it tougher for some buyers to get a mortgage on condos in resort areas, and many real estate professionals aren’t happy…

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Sales

One of the Largest MLSs Announces Record-Setting Sales Year

The Midwest Real Estate Data (MRED), one of the nation’s largest multiple listing services covering much of Illinois and parts of Wisconsin and Indiana, announced 2020 was a record year in sales from its subscribers. Agents through MRED’s marketplace conducted more than $43 billion of business in 2020, the most since MRED was founded in…

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Homeownership

Homeownership Still More Affordable Than Renting in Most Counties

Homeownership is a better deal than renting, despite rapidly escalating home prices over the last few months, according to a new study released by ATTOM Data Solutions, a real estate research firm. Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 63%—or 572—of 915 U.S. counties analyzed. Record low mortgage…

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low mortgage rates

New Year, New Record Low for Mortgage Rates

Mortgage rates started the year with a new record low. The 30-year fixed-rate mortgage dropped to a 2.65% average this week, the lowest since Freddie Mac began tracking such records more than 50 years ago. “Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates…

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Housing Construction

Housing Construction Ramps Up in Second-Home Markets

As remote work has grown and more Americans are no longer bound down to a long commute, more people are being drawn to the idea of a second home. Builders are responding to the uptick in interest. Single-family construction in second-home markets rose at a 13.6% average rate in the third quarter annually compared to…

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Commercial Buildings Safer

4 Design Tweaks to Make Commercial Buildings Safer

Commercial property owners are hopeful that tenants, many of whom canceled leases amid the pandemic, will return in 2021. But owners realize they may need to make building improvements to address the current reality regarding COVID-19. Plainfield, Ill.–based Cicero Construction Group, which offers design services and construction management, recently compiled insights to help building owners…

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Markets That Will Grow

Realtor.com®: Markets That Will Grow the Most in 2021

For several housing markets, their growth in 2020 is expected to continue this year, particularly in cities where tech and government jobs are more plentiful. Realtor.com® recently analyzed the 100 largest U.S. markets to find those poised for the most growth in 2021. NAR’s Prediction: 10 Markets to Lead Post-Pandemic Rally “Economic momentum from the thriving…

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short-term rentals

Short-Term Rental Operators Offer Longer Leases

As the pandemic rages on, owners of short-term rentals are readjusting their lease terms and hoping guests will stay longer than a few nights. Booking.com, a website for making accommodations, announced that it’s looking to introduce “extended stays,” and Airbnb has created a “monthly stay” category. Some hotels, such as Red Lion Hotels chain, are…

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home design

2020 Was a Year Where Home Design Took Center Stage

Americans are taking a greater interest in the aesthetics of their spaces. Share these trending stories online to connect with homeowners interested in sprucing up their spaces and help potential buyers envision their new home. The following are the top five home design stories at REALTOR® Magazine for 2020. 1. How to Best Navigate New Color Trends…

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Home Office

2020 Year of ‘The Statement Home Office’

Prior to the pandemic, home offices were losing some clout. No longer tethered to a cord, homeowners found they could work from anywhere—the kitchen table or the local coffee shop. But now the home office is being spotlighted in homes and gaining prominence in real estate listings. Homeowners are craving a dedicated space for a…

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Mortgages

Mortgages Are Taking Longer to Close

Mortgages are now taking an average of nearly two months to close as lenders face a surge in business spurred by low mortgage rates and high demand. The average time it took a mortgage to close in November was 55 days, according to Ellie Mae’s Origination Insight Report. The 55-day average wait is proving problematic for…

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Homeowners Lean on Forbearance

As COVID-19 Persists, More Homeowners Lean on Forbearance

An increasing number of homeowners’ mortgages are in forbearance as more owners take advantage of COVID-19 relief assistance from lenders before the end of the year. About 37,000 more mortgages were added to forbearance during the week ending Dec. 15, bringing the total to 2.787 million loans. That represents about 5.3% of the nation’s 53…

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Mortgage

Mortgage Originations in 2020 Are Set to Break Record

More Americans are taking out mortgages this year, the level of which is on pace to top that of the housing boom in the 2000s. And borrowers are saving hundreds of dollars per month by locking in the lowest mortgage rates in history. In the first nine months of 2020, lenders issued $2.8 trillion in mortgage…

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Home Sales Rise

Overall Home Sales Rise Nearly 26% From 2019

Some real estate pros are having their best year ever for home sales, despite the pandemic. Existing-home sales in November climbed 25.8% compared to last year, the National Association of REALTORS® reported Tuesday. Existing-home sales—completed transactions on single-family homes, townhomes, condos, and co-ops—did dip down by 2.5% in November compared to October’s unseasonably high levels,…

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Rental Market

3 Predictions for the 2021 Rental Market

Many renters have transitioned into homeownership during the pandemic, and rental demand and prices are dropping in major cities like New York and San Francisco, ApartmentList reports. “The pandemic is likely to change the expectations and behaviors of renters for an extended period, as people grew accustomed to conducting virtual real estate tours and finalizing…

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Builders Struggle to Catch Up to Surging Demand

Builders Struggle to Catch Up to Surging Demand

More consumers are being drawn to new-home construction and home builders are rapidly filling orders. But they’re struggling to keep pace as challenges within the industry mount. Single-family starts flattened in November as builders struggled to meet demand, the U.S. Census Bureau reported this week. Overall housing starts rose 1.2% to a seasonally adjusted annual…

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Rates

Fed Keeps Interest Rates Near Zero, Takes Cautiously Optimistic Tone

The Federal Reserve left borrowing costs at record lows on Wednesday, while acknowledging there’s still a long way to go as the nation’s economy heals from the COVID-19 outbreak. The key rate acts as a benchmark for borrowing and savings. Interest rates will remain at 0% to 0.25%, which they have since March. The Fed’s…

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Eviction

Florida residents face some of the highest eviction rates in the country

In the wake of the economic effects of the coronavirus pandemic, many households are struggling to make their rent payments, especially in Florida. The economic impact has been unevenly distributed across the country, based upon varying levels of infection and differing regulations on local businesses and economic activity. The Sunshine State ranked No. 2 for the…

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Netflix to Donate $25M to Combat Racism in Housing

Netflix to Donate $25M to Combat Racism in Housing

Netflix wants to help end systemic racism in real estate. The streaming giant announced Monday it was donating $25 million to a national effort to combat housing discrimination. Their funds are going to Enterprise Community Partners, a nonprofit group that for over the past four decades has been building and financing affordable housing. Netflix has…

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Rising Home Prices Create Windfall for Owners

Home Prices Create Windfall for Owners

Homeowners are building wealth as property appreciation surges to its highest level since 2014. In the third quarter, the average homeowner had gained about $17,000 in equity year over year, according to CoreLogic’s latest Home Equity Report. Owners in Washington State saw the largest annual increase in home equity at $35,800, followed by California at $34,000.…

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Mortgage Rates Remain at Record Lows This Week

Mortgage Rates Remain at Record Lows

The 30-year fixed-rate mortgage rate averaged 2.71% this week, holding at the all-time low first set last week, Freddie Mac reported. The ultra-low mortgage rates are making homebuying more attractive and boosting sales activity to the highest level since 2006, economists said at the National Association of REALTORS®’ virtual Real Estate Forecast Summit on Thursday. While home…

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Digital

Study: Bad Digital Experiences Drive Clients Away

Consumers crave digital connection from small businesses, including from real estate firms, a new study finds. The COVID-19 outbreak has sparked a greater reliance on digital and mobile tech to do jobs and complete transactions. Moxtra, a firm that offers digital solutions, recently surveyed 1,500 small business personnel and 1,500 small business customers across industries,…

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Demand for Million-Dollar Homes Soars Highest

Demand for Million-Dollar Homes Soars

Unfazed by the recession, wealthy Americans are looking to upsize their homes in the pandemic. Demand for million-dollar homes is climbing faster than any other price point, Bloomberg reports. Applications for mortgages larger than $766,000 increased 59% year over year in September, the largest uptick of all price segments, according to the Mortgage Bankers Association.…

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Business Returning to Pre-Pandemic Levels

More than 40% of company CEOs believe business conditions will recover to pre-pandemic levels in 2021, according to a new quarterly survey from the Business Roundtable. The CEOs of the nation’s largest companies—which employ some 15 million people—expect their firms to hire more employees and invest more over the next six months. The CEOs expect the…

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Real Estate Is Expected to Shine in 2021

The housing markets expected to be the strongest in 2021 are tech hubs with strong job creation, state capitals where home shoppers may get more square footage for their money, and smaller cities with greater affordability, according to a new analysis from realtor.com®. But none of these areas boast the cheapest home prices in the…

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Best ways to collect rent from tenants

Best Ways to collect Rent: Collect rent online: One way to accept rental payments is online.Paypal and Venmo are other options for collecting rental payments. Venmo allows instant payment but requires you to be friends on social media. Pay Pal is a free service.  Collect Rent By Mail: You can choose to allow tenants to send…

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Central FLorida’s Healthiest housing Markets

Home sales are booming across Central Florida, but only a couple of markets are among the most affordable and stable in the state, according to a recent study.  Melbourne and The Villages rank among Florida’s top 10 healthiest housing markets, according to a report by New York-based finance tech firm SmartAsset. That means these communities offer…

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Benefits Of A Property Management Company

The single greatest benefit investors are made privy to by working with property management companies is time. By enlisting the services of a good property management company, investors won’t be forced to manage the property themselves; they’ll be free to take on other responsibilities. For most investors, the added time will help them find and…

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Investors Vie for Build-to-Rent Single-Family Homes

Occupancy levels are at a 30-year high,” Don Walker, managing principal and chief financial officer for John Burns Real Estate Consulting, told the National Real Estate Investor. Rental single-family homes in the suburbs are particularly appealing to younger generations. As remote work grows, more households are less tied to a city commute and are looking…

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What Does A Property Manager Do?

The cost of property management is a valid argument, especially when you consider detracting from your bottom line, but I can assure you it’s doing anything but. Yes, a property management company will indeed cost additional money to hire, but I like to think of it as an investment, as opposed to a cost. You…

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What Real Estate Has to Be Grateful For in 2020

In Orlando For Instance we have: 1. Booming home sales; Homebuying activity is at its highest level since 2006. Defying high unemployment and an economic recession, the housing market has surged during the COVID-19 pandemic. 2. Record low mortgage rates; Home buyers are locking in some of the lowest mortgage rates ever in history. 3.…

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Why You Need a Property Management Company

WE at Bull Property Management Will Help YOU If: 1)You Can’t Do It All Yourself; We will do it for You 2)Your Properties are Far Away; IF in orldando we will take care of them 3)Housing Laws and Regulations Keep Changing; we are always up to date 4)You Have a Large Number of Properties; we…

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Orlando Expansion of 5G Will Reshape Communities and Real Estate

“Although we don’t necessarily see the direct impact of 5G on real estate yet, there are ancillary applications that will rely heavily on 5G, such as IoT (Internet of Things) sensors, autonomous vehicles, smart cities and others that will potentially change where and how people live,” said Dan Weisman, NAR’s director of emerging technology. Credit…

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