retail

10 Retail Predictions for 2019

10 Retail Predictions for 2019

1. Omni-Channel Plans Will Continue

2. Physical Store Resurgence

3. Bankruptcies Will Slow Down

4. The Big Challenges will be Structural

5. Consumer Preferences Will Change More Rapidly

6. Online Retailers Invest in Real Estate

7. Revamp of the Toy Market

8. Advantages in Big-Box Vacancies

9. Retailers Reduce Physical Footprint

10. The Grocery Sector Rapidly Change

Banking Deregulation, Apartment Supply, RECon, and the 2020 Recession

Banking Deregulation, Apartment Supply, RECon, and the 2020 Recession

(Bloomberg)—Mark your calendar. The next U.S. recession will begin in 2020, a survey says.

More than half of the 105 real estate experts and economists in the quarterly survey by housing data provider Zillow and research firm Pulsenomics LLC point to “monetary policy as the likeliest cause.”

Property Manager Daily Update: Save Money on Maintenance, Communicating with Contractors, and Retail Gains

Property Manager Daily Update: Save Money on Maintenance, Communicating with Contractors, and Retail Gains

 Larry Alton gives us 4 tips to save money on maintenance during a turnover. You need to focus on cash flow as a property investor. That means getting through turnover maintenance fast so your unit isn't sitting vacant. Here are the 4 tips he gives:

Property Manager Daily Update: 5 Ways to Increase Rental Value and Banning Alcohol

Property Manager Daily Update: 5 Ways to Increase Rental Value and Banning Alcohol
  1. Paint: Use a brand new coat of a fresh, neutral hue. Paint makes your rental look well taken care of and can even make the space look larger depending on the paint colors you choose. Playing with accent colors can create a lot of character and appeal in your rental too.

  2. Updated Kitchen: An updated and modern looking kitchen creates lots of appeal for your rental. So how do you update the kitchen without breaking the bank? You can do small things to create appeal like updating cabinet knobs, swap door pulls for stylish cup pulls, replace cabinet hinges, install a wine rack, update to a warmer lighting, mount LED lighting under cabinets, repaint cabinets, and update your switch plates and outlets.

  3. Add a Washer Dryer: This will pay for itself over a 1 year lease term. Yes it is expensive, but you'll command a much higher rental price.

  4. Exterior Update: Do the small things that make a big difference like repainting the front door. Repainting window trim that has faded also goes a long way. Lastly, if your condo or home has a unit number, make sure the unit number is freshly painted and looks new.

  5. Replace Carpet: This is the single biggest thing that can drop your rental value if not taken care of. Dirty or old carpet creates a dingy look throughout the entire home and often detracts from what would otherwise be a beautiful home.

Property Manager Daily Update: Digital Advertising, Crowdfunding, and Looser Lending Standards

Property Manager Daily Update: Digital Advertising, Crowdfunding, and Looser Lending Standards

Real estate crowdfunding kickstarted 5 years ago (pardon the pun) and these firms are still trending at double and triple digit growth year over year. It is a still a fresh space, but Brett Crosby the cofounder of PeerStreet believes there will be a consolidation in the crowdfunding industry over the next few years. He says, “The guys that really built and invested in a good tech platform and infrastructure are seeing the fruits of their labor pay off, adds Crosby. There is more separation between the strong and growing platforms and the smaller players."

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