Environmental, Social, and Governance In REITs and the Crossover to Property Managers

Environmental, Social, and Governance In REITs and the Crossover to Property Managers

Location! Location has always been the primary focus for both REIT executives and other property professionals. Now, three additional words are entering their lexicon with increased frequency--environmental, social and governance.

Due to a mix of drivers, environmental, social and governance (ESG) worries are gaining prominence among REITs and their own investors. ESG is becoming a critical point of focus from the perspective that failure or success may determine the long term of assets.

"The U.S. is rapidly catching up with the Europeans on ESG issues," says Sam Adams, co-founder and CEO of San Francisco-based based Vert Asset Management. In 2017, Vert Asset Management started the Vert Global Sustainable Real Estate Fund, a mutual fund investment in publicly-traded REITs which rely upon ESG metrics. Let’s start off by defining what ESG really means.

You Can't Get Better By Staying The Same

You Can't Get Better By Staying The Same

At Latchel, with everything we do, we believe you can’t get better by staying the same. We believe in challenging conventional wisdom. We believe in challenging the traditional approach.

When we launched Latchel, everyone told us, “Don’t even bother with single family portfolios, the money is in multifamily.” We launched our service for single family property managers and everyone told us, “Don’t get into call center services and emergency calls, it is too low margin.” We then launched one of the most innovative 24/7 emergency call center services and everyone began asking us, “How did you do it?”

What Owners Want Out of Property Management Has Not Changed

What Owners Want Out of Property Management Has Not Changed

As markets and technologies evolve, and also tenant expectations shift, rental management teams need to keep the demands and priorities of property owners in mind. Are those priorities changing along with technology? What fresh benchmarks or performance indexes do owners put their attention on now?

Jeff Olshan, SVP-Asset Management in Passco Businesses, claims that benchmarks might not be shifting as far as people think. Technology improvements, however, are only the tool utilized to accomplish the outcome desired by owners. Owners are searching for performance. The most important thing is maximizing profits from their rentals. That will never change. As a 3rd party property manager, your job will always be to figure out how to maximize an owner’s profit while maximizing your own.

6 Questions for First-Time Buyers of Rental Property

6 Questions for First-Time Buyers of Rental Property

While rental property can be an amazing passive income stream, it isn't something to be used lightly and needs a good deal of consideration. Before investing in a home, it is necessary to perform your homework and make the decision with your eyes open. There's a large number of aspects to think about - here, I outline six things each first-time purchaser should consider before becoming a landlord with your first rental property.

Foreclosed Home and Mobile Home Values Are Rising Faster Than Market Average

Foreclosed Home and Mobile Home Values Are Rising Faster Than Market Average

Homes which were foreclosed on during the downturn are rising in value at a breakneck speed, much faster than the normal U.S. home.

The median crisis-era foreclosed home increased 10.3percent in value over the last year, versus only 6.5percent for the median dwelling general in the U.S., according to a new analysis from real-estate site Zillow.

Four Ways Landlords Can Hold on to Their Best Renters

Four Ways Landlords Can Hold on to Their Best Renters

Whenever a renter leaves, you have to put time and money into preparing the unit for the next tenants. During that time, you are also missing out on the rental income that you rely on. With turnover being as costly as it is, landlords should do what they can to keep the existing tenants they already have, especially if they’re reliable.

It’s far more desirable to hold on to renters that have things like apartment insurance and pay their rent on time than to potentially have difficult tenants. Even spending a little money on your tenant retention efforts could potentially save you more in the long-run.

How to Manage Your Time and Energy to Achieve Greater Success

How to Manage Your Time and Energy to Achieve Greater Success

Virtually everyone I know wants to earn more money, but we're often constrained by our availability and energy. I run multiple companies and always struggle with finding enough time for everything. We focus on doing our jobs and running our company but a lot of times ignore the very best way to earn more money. All of us have a limited amount of time given to us. We can not add hours to the day no matter how much money we have. All of us have a backlog of tasks jammed in the back of our heads, better methods to execute at work, or study we'd really like to do if we had more time. This report will break down multiple ways that will assist you to manage your time better, retain more energy, and make more money. Manage your time better and you'll have more chances to go after what you really want! Bear in mind, if you blow all of your extra time watching YouTube videos, Netflix, and TV, it isn't going to do you much good.

7 Questions Every Property Investor Should Ask on a New Deal

7 Questions Every Property Investor Should Ask on a New Deal

New investors confront seemingly endless possibilities and asking questions about every possibility filters the bad investments from the good.

A number of them are principles like "Where should I spend?" and "What sort of property investing must I perform?" When each choice is new and unknown, it layers onto the doubt and overwhelms new traders. However, as crucial as these questions are, they are obvious.

I have discovered a few questions which many new property investors don’t ask. But like I said, they can be crucial to making a good decision. Below are a few of these questions, you must know the answer to have any level of comfort prior to pulling the trigger on an investment.

5 Ways Property Investors Should Use Technology

5 Ways Property Investors Should Use Technology

While the effects of technology on rental property hasn't been as tumultuous as it's been around some of the other industries, it's been every bit as powerful. That is due to the unique character of the industry.

You see, in this market, the majority of the critical decisions continue to be performed by individuals -- not tech. And that is something which is unlikely to change. Fantastic thing is, the effects of technology on rentals is less about disturbance and more about empowerment.

I’ve listed 5 ways to use technology that are among the most effective ways to empower your property investment business. Here’s how you start to leverage technologies to enhance your rental business.

Urban and Suburban Lines

Urban and Suburban Lines

As time passes, the square footage of single-family home and flat houses shrinks and expands to adapt to the market’s economic needs. Land values rise and fall according to regional growth and job migration. Through each of these modifications, town planners have delineated places within larger metropolitan areas as suburbs and cities. Now, there's a new dynamic - the slowly disappearing line between suburban and city land lines.

How to Increase Rental Values by Increasing Rent

How to Increase Rental Values by Increasing Rent

Many landlords began investing in real estate from late 2008 utilizing the typical investment plans associated with purchasing discounted and/or desperate assets which were either short sales, lender owned or seller liquidations. Many investors do not know that there are techniques to produce an extra 20%+ growth in asset value over an investment holding period without buying distressed assets. This concept is called value add purchasing. Below we'll share a few of the tips and suggestions to do this.

An Infographic About Millennials

An Infographic About Millennials

Millennials suffer a lot of bashing, especially from property managers and landlords. Why? Well, they have the lowest percentage of home ownership, one of the highest percentages of rentership, and of course, the highest percentage of “living with the parents” versus every other generation.

One of the more startling figures in the below infographic is that average rent prices have gone from $500 in 2000 to $954 in 2018. That is almost double in less than 2 decades. The struggle is real, but the good news is that Millennials are hopeful for a brighter future.

Top 3 Picks for Up and Coming RE Markets, OKC Real Estate Boom, Widespread Rent Concessions,

Top 3 Picks for Up and Coming RE Markets, OKC Real Estate Boom, Widespread Rent Concessions,

There are 3 key metrics that Alexander Felice lays out in his most recent article for determining the Top 3 RE picks for up and coming markets.

  1. State growth: Picking to invest in states that re-invest in themselves is important. The more investment a state puts into growing its economy and its communities, the more likely your real estate investment is to pay off.

  2. Job diversity: Invest in markets with a wide breath of jobs. If there are only one or two major employers in the city, that can cause big problems for the real estate market when those employers hit a lull. Look for an array of employers and diversity in industry.

  3. Population growth: If more people are moving into a city, that means more opportunity for the real estate market. This is probably the simplest metric to gauge an up and coming market.

10 US States with the Worst Economy

10 US States with the Worst Economy

We posted about the 10 US States with the best economies, but what about the states that came in last in the rankings. We're giving them some love too. If you're interested in learning more about the methodology behind the ranking, please visit the link about and view our article on the 10 states with the best economies. Below we've rank the 10 worst performing economies starting with the most struggling and sluggish economy.

10 US States with the Best Economy

10 US States with the Best Economy

To identify the states with the best economies, 24/7 Wall Street reviewed:

  1. Average annual GDP growth between 2012 and 2017 from the Bureau of Economic Analysis.

  2. Poverty rate from the U.S. Census Bureau’s 2016 American Community Survey.

  3. Unemployment rate in June 2018 from the Bureau of Labor Statistics.

  4. Employment growth rates.

  5. % of adults with at least a bachelor’s degree.

The rankings also take into account state specific information like:

  1. GDP in 2017.

  2. Exports as a percentage of GDP.

  3. The homeownership rate.

  4. The median household income.

  5. Median home values.

  6. Uninsured rates from the U.S. Census Bureau’s 2016 American Community Survey.

Housing Market Cools, Home Prices Too High

Housing Market Cools, Home Prices Too High

The affordability of starter-homes has hit a decade low and Bloomberg says that the US housing market is cooling because prices are just too high. First time buyers need 23% of their income to purchase a home. Just a year ago that figure was 21%. The cost of these starter homes is the highest it has been since the housing bubble blew up back in 2008. 

5 Best 24/7 Emergency Handymen in San Jose

5 Best 24/7 Emergency Handymen in San Jose

A great 24/7 emergency handyman can come to the rescue when your tenant is facing a host of issues. Don't be fooled, having the right handyman can save your property from thousands of dollars in property damages from small plumbing leaks, roofing leaks, or tenant habitability issues. Below are the 5 best emergency handymen that Latchel uses in San Jose.

Talk to a Latchel representative here to find out how we can take all your tenant calls and handle the hassle of emergency maintenance for you. It will be the best investment you make in your property management business.

5 Best Emergency Plumbers in San Jose

5 Best Emergency Plumbers in San Jose

When your tenant calls in with a maintenance emergency, you need to make sure you have access to a qualified emergency plumber, 24/7. Any sewage backup, leak, or flooding issue can cause damage to your home and may be a tenant health risk (especially in the case of a raw sewage backup). You have two choices, dig through Yelp and make tons of calls to find an available plumber, or call a vendor that Latchel has used to fix our pluming emergencies. If you're looking to offload the hassle of dealing with emergency maintenance altogether, set an appointment with us to discuss your options at www.latchel.com/emergency.