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Dennis Norman Annually, HUD determines “fair market rents” which become effective October 1st each year and are used to determine rent amounts under the Housing Choice Voucher program, Housing Assistance Payment Contracts, Moderate Rehab programs as well as other Section 8 programs. Earlier this month HUD published in the Federal Register it’s proposed fair market rents [...] Dennis Norman With all the negative things I have been discussing about the real estate and housing market lately, it is refreshing to actually get to write something positive for a change. Last week HUD released it’s Housing Market Report for 1st quarter 2010 and it contained some reasonably good news for investors, or at [...]
Dennis Norman As the real estate market and industry continues to struggle to try to pull out of the dumps, another blow could come soon from Congress in the form of new tax burdens on real estate. Congress is proposing that all owners of rental properties be required to complete and file 1099 forms for all [...] Dennis Norman Every facet of the apartment industry was touched by the Great Recession in 2009, according to the NMHC 50, the National Multi Housing Council’s annual ranking of the 50 largest apartment owners and the 50 largest apartment managers. “Apartment sales transaction volume plummeted,” noted Mark Obrinsky, NMHC Chief Economist. “Only $14 billion in properties [...] 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 [...] 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 [...] 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 [...] By: Dennis Norman A couple of weeks ago I made a post about renting property under Housing Choice Voucher program and offered it as something you may want to consider. Included in my post was reference to the fact that in order for your property to be eligible for this program it had to meet some basic [...] By: Dennis Norman You may already be renting your homes to one or more of the 1.95 million families that receive rental assistance under HUD’s Housing Choice Voucher program, however if not you may want to consider doing so. What is the Housing Choice Voucher program? This is a program that was established in 1974 and known as “Section 8″ to [...] |
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