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When you hire a property management company to manage your property, make sure you require the individual or company to sign a written agreement that spells out roles, responsibilities & payment terms.
$8B of multifamily commercial mortgage-backed securities is coming due in the second half of this year, with some in real estate predicting a “Red October” because of expected mortgage defaults.
Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info. This will help you more accurately predict your operating expenses.
The unit size for new housing starts has declined 10% since 2018. New single-family homes are shrinking as cost-constrained buyers respond to soaring prices and builders try to reduce building costs.
Do a thorough title search before you buy a property to make sure that you get clear title free of outstanding liens or other encumbrances.
With nearly 1 in 4 construction workers older than 55, retirements will continue to whittle away at the construction workforce and continue to increase labor shortages.
