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Experiences with Firearms as an Appraiser: When Tenants Behave Unexpectedly in “Their Area”

Appraisal Buzz

There are those moments where it turns into a memorable experience and homeowners or tenants feel like they must make it known we are not welcome. 1000 this year on multi-family properties, where tenants have felt it was necessary for me to get the message, by brandishing a firearm. I personally am batting.1000

Tenants 301
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Bilt Rewards, which converts rent payments into points, hits $1.5B valuation

Housing Wire

Bilt Rewards , which operates a loyalty program and credit card that converts rent payments into points, raised a new round of funding that it says gives the firm a valuation of $1.5 The company also launched Bilt Homes, a platform that lets tenants input their rent payment and credit score and see a list of homes they can afford.

Valuation 370
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Consumers more confident about making mortgage or rent

Housing Wire

Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry. And while foreclosure and eviction moratoriums have staved off the immediate prospect of being booted, some landlords and servicers have filed paperwork to remove homeowners and tenants for lack of payments.

Mortgage 545
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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

Multifamily renting An Uber-like experience to match today’s 30 million renters with property managers, Domino would provide tenants with a personalized readiness rating. The app would pull a credit report, do a background check and preapprove a tenant at certain price points so the renter knows what monthly payment they can afford.

Tools 360
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Understanding Weighted Average Lease Term (WALT) in Commercial Real Estate

Property Metrics

WALT measures the average remaining lease term of tenants in a property, weighted by their rental income contribution or square footage occupied. Definition: WALT is the average remaining lease term of tenants in a property, weighted by either rental revenue or square footage. What is Weighted Average Lease Term (WALT)?

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. Most lenders will request the fee simple interest be appraised.

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MINNEAPOLIS MULTI-FAMILY TRENDS – IMPACTS OF 2020

Simonson Real Estate

There were several key distinctions drawn from our research that depict these market changes and how landlords are adjusting to changing market conditions. Minnesota enacted an eviction moratorium, restricting landlords from evicting delinquent tenants. We provided additional services six months later in October 2020.

Landlords 117