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California Realtors discuss post-wildfire changes in Black neighborhoods

Housing Wire

.” Kalin closed his session with tailored advice for agents who are assisting landlords, buyers, and tenants with wildfire recovery. Landlords cannot raise rents by more than 10% until then. He noted that rent gouging rules initially set to expire on March 8 will remain in place until July 1.

Realtors 360
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Property management software: Why more Americans firing their property managers

Housing Wire

For those who think being an independent landlord is easy, congratulations youre wrong. Finding the best tenant is an uphill battle for some landlords. How can landlords simplify operations and still turn a profit? Landlords can do that themselves with the right tools. The challenges mount from the jump.

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A new source of affordable housing inventory: Private seller auctions

Housing Wire

He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. million registered users.

Sellers 349
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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Buyers, on the other hand, view earnouts as a risk mitigation tool to avoid paying too much, particularly if there is uncertainty regarding future performance of the business. Earnouts are contingent payments based on Buyer achieving future financial targets that may never happen.

Mortgage 416
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Wall Street investors are the new breed of single-family landlords

Housing Wire

A problem with that data so far, Burns said, is that it is difficult to distinguish large institutional buyers from mom-and-pop landlords with a handful of properties, or even how many are single buyers simply purchasing a vacation home. One trend, however, is clear. HousingWire Magazine delivered to your home or office.

Landlords 418
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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Largely nonprofits, mission-based landlords provide affordable housing as a tool for systemic change, including advancing racial equity, reducing economic disparities, and strengthening community resiliency. Most importantly, mission-based landlords are committed to keep residents housed.

Landlords 434
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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448