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The impact of COVID-19 on small landlords: How to lower the risks

Housing Wire

Several times a month, the National Multifamily Housing Council (NMHC) releases data from its Rent Payment Tracker, a measure of the number of tenants who have paid rent that month. The percentage of tenants paying rent declined 2.1 But it’s these landlords that are the most vulnerable to the economic impacts of COVID-19.

Landlords 475
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Technology’s role in rental property investment market

Housing Wire

rental sector has benefitted most landlords in this country, from larger multifamily investors to smaller mom-and-pop owners. Individual investors own about 70% of rental properties in the U.S., Top-of-mind solutions for landlords include automated tenant screening and online rent collection, as well as smart home amenities.

Investing 438
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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investors 433
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NAR partners with RentRedi for benefits program

Housing Wire

The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As RentRedi’s biggest investors include K1 Investment Management, RiverPark Ventures, TIA Ventures and Tribeca Early Stage Partners.

Landlords 332
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Congressional report finds Invitation Homes downplayed evictions to Fannie Mae

Housing Wire

That’s what a congressional subcommittee said happened between Fannie Mae and Invitation Homes , the single-family rental landlord that in 2017 got a $1 billion interest-only 10-year loan from the government-sponsored enterprise. There is little data to track the prevalence of such strategies.

Landlords 370
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Knox Financial announces $10 million in Series A funding

Housing Wire

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox. Knox has shown people across the U.S.

Landlords 386
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Need to sell your house fast? Here are 7 great options

Housing Wire

Investment homes often take longer to sell because your audience is other investors. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Sell to Other Investors Using Roofstock Marketplace.