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The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. Defendants in the suit include major brokerage companies such as Coldwell Banker , Christies International Real Estate , Keller Williams and Berkshire Hathaway Home Services Chicago.
The integration will allow agents and brokers to access RentSprees rental tools such as tenant screening, rental applications, payments and rent estimate reports through Docusigns suite of real estate products. The goal is to reduce administrative tasks and improve efficiency in the rental process, company leaders said.
But as many as 200 real estate agents , brokerage firms and landlords are alleged to have violated this law by discriminating against applicants with federally subsidized Section 8 Housing Choice Vouchers, according to an undercover investigation conducted by the Housing Rights Initiative (HRI).
Stone also served as Vice Chairman of Metrocities Mortgage, and as Chairman of The Stone Group, an Austin, Texas-based tenant-represented brokerage company. Dr. Bill Conerly has a Ph.D. in economics from Duke University, and more than 30 years of experience helping companies adapt to changing economic conditions.
Census Bureau shows how the business landscapes changed for homebuilders , lessors, agents , brokerages and other real estate professionals in the first full year after the pandemic began. This is likely because rates of nonpayment from both commercial and residential tenants skyrocketed during the pandemic.
My name is (your name), and I’m a licensed real estate professional with (your brokerage). For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). Dear (first name), I’m (your name), a local real estate professional with (brokerage). Great news!
All this leaves housing professionals once again fighting for their share of shrinking pies – as we have observed with recently released mortgage data and RealTrends Verified’s brokerage data , as well as deeper dives on the brokerage landscapes in Jacksonville and San Diego.
Pareja took over as CEO at eXp in April 2024 and became the first Hispanic CEO of a major real estate brokerage in U.S. Pareja also believes that collaboration is the biggest key to success in the industry, which motivated him to release eXp’s streamlined forms online for other brokerages and agents to use and benefit from.
of rental listings in the country are located in areas that offer tenants protection against source of income or voucher discrimination. How this real estate brokerage’s unique model generates more profit for agents. How this real estate brokerage’s unique model generates more profit for agents. Presented by: 1 Percent Lists.
In his expanded role, Crockett will guide day-to-day operations and key departments at Xactus, including credit, verifications and tenant screening. He previously served as the company’s chief data officer. Crockett will also evaluate internal and external customer experiences, with a focus on enhancing service quality and technical support.
1 brokerage by transaction side count announced the launch of eXp Exclusives , which will be open to eXp agents and their clients in the U.S. eXp Realty is looking to get into the exclusives game. On Tuesday, the nation’s No. and Canada.
Banking veteran Jarrod Glodt has joined commercial mortgage brokerage Eastern Union as a senior loan consultant. He has also executed transactions in support of tenant Improvements, working capital and lines of credit, equipment lines of credit, and equipment finance. together with senior managing director David Merkin.
As a result, landlords can align rental prices, and tenants are limited in their ability to successfully negotiate counter offers or seek discounts. This type of conduct is egregious.” The complaint alleges that landlords using YieldStar agreed to provide RealPage “competitively sensitive data” that isn’t available to the public.
Although demand for rentals remains strong, rent prices have shown slow growth due to a bevy of new apartments hitting the market, creating competition for tenants. Additionally, the brokerage noted that the increase in investor activity is being driven by single-family home purchases, which were up 6.7% annually in Q2 2024.
The FTC alleges the company advertised monthly rental rates that did not include mandatory "hidden" fees that could add up to more than $1,700 per year.
You can also opt-in to Freedom Trail’s broker recruitment program to be contacted directly by local brokerages that are hiring new agents. Features Commercial Lease Clauses of Tenant Concerns: Part III and other residential courses C Gold Package 12 Hrs: Includes 12 hrs of CE for MA commercial real estate.
Chicago-based Home Partners is a corporate landlord that gives tenants an option to eventually buy their home. Realogy is the biggest brokerage in the country by sales volume, per RealTrends figures. Finnegan previously spent five years at Walmart , including a stint as vice president of strategy and mergers and acquisitions.
Online rental portal Zumper will now give its users the ability to search for rentals in buildings that allow tenants to rent units out part-time on Airbnb.
Anthony Lamacchia , Jackie Louh , Massoud Atallah , John Millen , and the leadership team of Lamacchia Realty are thrilled to be expanding in the local market, alongside the Lamacchia Realty Northborough , Worcester , and Auburn offices with this well-respected brokerage. “I I am happy that day is finally here.
Stone also served as Vice Chair of Metrocities Mortgage, and as Chairman of The Stone Group, an Austin, Texas-based tenant-represented brokerage company. Conerly has a Ph.D. in economics from Duke University, and more than 30 years of experience helping companies adapt to changing economic conditions.
Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. It would be best if you found the right people or companies familiar with your property type and its tenants.
For tenants, mixed-use space is commonly referred to as a live-work space. Diversity of tenants. Typically, a property owner who rents a standalone retail store or building risks a substantial decrease in revenue should they lose a tenant. What will attract and keep tenants in your mixed-use real estate development?
If you manage an apartment complex, invite your tenants for an event that will foster and brighten your community. It’s critical to test your system, clean/replace filters, and ensure that your tenants will be comfortable in the summer heat. You are responsible for the safety of your tenants. Make an activity out of it!
Cost of property listings and tenant search. Speak with current tenants (if any), as well as owners and tenants in neighboring properties. OR… Hire a Trusted Commercial Real Estate Brokerage to Help You Every Step of the Way. Rental property insurance. Property management fees. Maintenance costs. Association fees.
The two scenarios surrounding build-to-suit are speculative buildings and scenarios where the tenant has already been secured. Speculative buildings are produced without the guidance of a specific tenant in mind but can be rewarding if they are of high quality and fulfill the needs of local businesses. Industrial Class Types Examined.
This highly respected brokerage with over 30 years in business is owned by Cathy Toomey , Celine Muldowney , Erica Puorro , Marc Ouellet , Nick Motsis , and Sandy Berkenbush. All home buyers, sellers, tenants, landlords, REALTORS®, and other brokerages in the area should know that it is business as usual at the company.
Find comprehensive guides on all aspects of CRE, from commercial real estate investment to brokerage, commercial appraisal, CRE development, property management, and much more. It’s a comprehensive commercial leasing guide for CRE investors, owners, landlords, property managers, and tenants. The Robert Weiler Company Blog.
At its most basic level, a ground lease is not a sale of land, but rather a rental of land to a tenant that plans to build on the property. Why would a tenant opt for a ground lease? In most cases, tenants seek ground leases for land in high traffic or well-populated areas because often such land is cost prohibitive.
Retail space for sale differs from other types of commercial real estate because owners are trying to either (1) attract customers, or (2) attract tenants that plan on attracting customers. Good staging gives prospective tenants ideas on what they can do with the property themselves. CRE Property #2: Retail/Restaurant Storefront.
In addition to the prospect of skyrocketing property values, buying commercial property for sale gives you control of the property and allows you to dictate usage, rental agreements, and types of tenants. . Lacking full awareness of existing tenant lease provisions. Try to speak directly with the tenants, too.
These reasons include reliable cash flow, easier to finance, quicker to expand your investment property portfolio, better management options, passive income, great potential for appreciation, and high demand for tenants. Even if one unit becomes vacant, you can still count on cash flow from other tenants. Reliable Cash Flow.
As a commercial real estate brokerage in Columbus, Ohio, we know that our city’s population of 900,000 doesn’t rival the country’s major metropolitan areas. Look at our commercial real estate brokerage properties for sale to see the distinct listings from around the Columbus region. Below are 3 of our most prominent examples from 2021.
Instead, investor-friendly brokerages are a better fit for your goals. Most important is a brokerage that’s built for investment deals , not one that only works with conventional homeowners. Learn more about why choosing the right investor-friendly brokerage is so important and what to look for when you start your search.
Our long history, specialized knowledge, vast resources, and innovative tools enable us to successfully help commercial real estate buyers and sellers, as well as tenants and landlords.
Consider the cost associated with renting out the units; finding suitable tenants for available rental properties is not always as easy and cheap as you may think. From commercial property brokerage and appraisals to development, consulting, and property management services, we offer a wide range of CRE capabilities.
Sellers usually pay real estate commission, and the seller’s brokerage cooperates and shares commission with the buyer’s brokerage. However, the Exclusive Buyers Representation Agreement states that your buyer’s real estate brokerage will receive a certain percentage of commission.
Collecting rent from tenants. Meeting these requirements ensures that you can get hired at a real estate brokerage and service clients. Step #5: Hang Your Real Estate License at a Brokerage. Property managers must hang their license at a real estate brokerage. Once it arrives, you can sign with a brokerage.
Lamacchia Realty is thrilled to announce that well-known legacy real estate brokerage Right Choice Real Estate is now a part of Lamacchia Realty. This office location will almost immediately propel Lamacchia Realty to one of the top brokerages in Bristol County. It has been a busy summer for the independently owned brokerage.
Instead, the title transfers automatically upon the death of one joint tenant to the surviving joint tenant(s). When one tenant in common passes away, their share of the property passes to their beneficiaries. The most common route for selling a home is to go through a real estate brokerage to put it on the market traditionally.
Commission for Selling or Renting a Home When you list your home for sale or for rent, you sign a listing agreement with the real estate brokerage you are working with. Some real estate brokerages are full-service companies, and some are discount brokers. Then, at closing, they split the commission with the other brokerage.
Immediately actionable: When you decide to purchase a property as a rental, sell an existing property as a FSBO, or refine your tenant criteria so there’s less turnover or a smaller gap between tenants, don’t put yourself in a position of waiting for a human intermediary.
Lee Davenport draws on both historical context and current events to describe how the latest news can impact the application of fair housing laws and policies.
If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. A single vacancy (even several) isn’t enough to derail at least some income generation from other tenants versus an empty single-family home. Do you have a paper trail?
Is it practical, will it rent Are the legal/tax/insurance requirements understood Is cash on hand for repairs, management, vacancy Is cash on hand for updating between tenants and when it is time to sell Many communities in the Atlanta area cap or prohibit rentals, investors tend to be less interested in upkeep than owners.
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