|
|||||
|
Dennis Norman Recently HUD published a report, “U.S. Rental Housing Characteristics: Supply, Vacancy, and Affordability“, which was packed with data about the rental housing market. The data in the report clearly illustrates that the rental market is holding up pretty well, at least in the lower rent price-ranges, while the for-sale housing market has been getting [...] Valentine’s Day is a time for love…Are you feeling left out because you haven’t found Mr or Mrs Right? Maybe you aren’t looking in the right places…. have you tried hanging out in the laundry room of Apartment complexes? All right, I know what you are wondering, what does this have to do with real estate and [...] Dennis Norman If you are a small to medium sized landlord odds are you receive your rent payments in the form of cash or a check. Why not accept credit cards and debit cards for rent payments in addition? This is something I did for years and think for many landlords it is worth the effort to [...] Shae Bynes, Good Faith Investing I don’t blog much about my landlord experiences, but a conversation I recently had with an investor from St. Louis (with 30+ years of real estate investing experience) inspired this post. We were talking about our philosophy regarding landlording and it was a breath of fresh air to speak with [...] Landlords with empty properties should maintain stringent credit standards – even if it means foregoing rental income, according to The National Association of Independent Landlords. With the nation awash in vacant properties, a significant number of landlords now say they are willing to consider applicants with poor credit. But lowering criteria just to sign a lease [...]
Dennis Norman Fair Housing Laws are just one thing landlords need to be very familiar with in order to protect themselves and their businesses. In addition, there is the Americans with Disabilities Act, application screening, lead-based paint and other disclosures,leases, state laws about security deposits,collection issues, criminal activity in your units and more…What’s a Landlord [...] Department of Justice FOR IMMEDIATE RELEASE: Friday, October 16, 2009 Justice Department Files Lawsuit Against TK Properties LLC for Violating the Fair Housing Act WASHINGTON – The Justice Department announced this week that it has filed a lawsuit against TK Properties L.L.C., its officer, Scott Terveen, and [...] FOR IMMEDIATE RELEASE WASHINGTON – The Justice Department’s Civil Rights Division, the U.S. Attorney’s Office for the Southern District of Alabama and the Department of Housing and Urban Development (HUD) today jointly announced an agreement with the owners and managers of Pina’s Mobile Home Park in Daphne, Ala., to settle [...] Dennis Norman By: Dennis Norman Over the past two years home prices have dropped throughout the country, rather significantly in some areas. Falling prices have created opportunities for investors but have also created a challenge for landlords and property managers to keep up with changing rental markets. Logic would dictate that if home prices in any [...] Dennis Norman Hopefully every landlord that sees the title of this post will immediately know that to run an ad with that title to rent out their property would be in violation of the Fair Housing Laws. Apparently not though unfortunately. According to a recent report by the National Fair Housing Alliance (NFHA) there are literally thousands of illegal housing [...] Dennis Norman By: Dennis Norman Today the National Association of REALTORS(R) published their Commercial Leading Indicator for Brokerage Activity for the second quarter of 2009 showing a decline of 1.3 percent to an index of 101.5, down from an index of 102.8 in the first quarter. At 101.5 the index for the second quarter of 2009 [...] Dennis Norman By: Dennis Norman When we speak of discrimination in housing it seems many people think of it only in terms of discrimination based upon race. However, landlords and other property owners need to remember that the Federal Fair Housing Laws that make it illegal to discriminate in housing based upon race also make it [...] By: Dennis Norman The FBI has issued a consumer alert warning of phony online rental ads. According to the alert, the scam goes like this: A prospective tenant can’t believe their good fortune-they find a rental home in a nice area through a Craigslist classified ad at an unbelievably low rate. The landlord-who had to leave the country and [...] Dennis Norman By: Dennis Norman Monday I did the first post and yesterday the second post of my E-View with Frank Gregoire, a Florida appraiser and author of Appraiser Active. Frank is often quoted as a source for nationally syndicated real estate columnists and appears as a Francois (Frank) K. Gregoire, IFA RAA speaker on appraisal and mortgage related [...] Dennis Norman By: Dennis Norman If you buy a foreclosed home that has an existing tenant in it you need to be sure you are aware of and comply with provisions of the “Helping Families Save Their Homes Act of 2009″. The act went into effect on May 20, 2009 and provides the following protections for the existing tenant: For [...] Dennis Norman By: Dennis Norman Since the real estate downturn reared it’s ugly head many builders, developers and speculators have turned their “for sale” inventory into rentals. At the same time many frustrated homeowners have rented their homes out after not being able to sell them after buying another home. As this happened I wondered if all that was being done [...] Dennis Norman By: Dennis Norman First off, my usual disclaimer…I am not an attorney and this is not intended to be legal advice or a legal opinion. I’m simply reporting on “news” that I think is interesting and relevant to those investors out there that own apartment buildings or may be involved with condominium developments. Some time [...] Dennis Norman By: Dennis Norman I’m talking of course about Branson, Missouri which, according to the Branson Lakes Area Chamber of Commerce website, is celebrating it’s 50th anniversary of Branson’s first show, “The Baldknobbers”. The Chamber Site also states that the Branson area has: more than 50 live performance theatres Dennis Norman By: Dennis Norman Recently I finished an E-View TM with Bob Radigan from VIP Realty Group in Florida about the gulf coast market. Bob is also active in another popular vacation market, the mountains of North Carolina. While in North Carolina during part of the year Bob is an agent with Landmark Realty Group. In my E-View TM with Bob [...] By: Dennis Norman Last week the U.S. Census Bureau released new home data for January. Once again, permits and housing starts were down. Building permits for January were at a seasonally adjusted rate of 521,000, 4.8% below December and over 50% below a year ago. Housing starts were at a seasonally adjusted rate of 466,000, 16.8% below December [...] By: Dennis Norman Irving Blue, CPM In part one and part two of this series I gave you some background information on Irving Blue as well as the part of my E-View TM with him. Now we’ll pick up where we left off. The mission statement of Irving’s company is to the point: ”Work collectively with owners to secure [...] By: Dennis Norman Irving Blue, CPM So why would you need a property manager to handle your rental properties? Afterall you are an active investor and are capable of managing your units…plus why spend the money? These are all good questions and just part of the dilemna for many landlords. On the flipside, are you getting sick [...] By: Dennis Norman Last year, March 31, 2008 to be exact, the United States Environmental Protection Agency (EPA) issued a new rule requiring the use of lead-safe practices in the renovation, repair and painting of homes built before 1978 as well as some other facilities such as schools and day care. The new rule applies to contractors [...] |
||||
|
Connecting St. Louis Information St. Louis The author and owner of this site are providing the information on this web site for general information only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose Powered by WordPress & the Atahualpa WP Theme by BytesForAll. Now with Tutorials & Support |
|||||
Recent Comments