An individual earning the federal minimum wage must work 103 hours a week to afford a one-bedroom rental home. By Christine Serlin (MultiFamilyExecutive.com Article) — The cost of a modest rental home is unattainable for many low-wage workers and extremely low-income renters, according to the 2019 Out of Reach report by the National Low Income Housing...Continue reading »
Author Archives: 2!xMyNQ#FV8h4U
Having a plan in place and doing a practice run can help deal with natural disasters. By Joshua M. Atlas (MultiFamilyExecutive.com Article) — For most people, the return of summer typically brings to mind days at the beach, holiday barbecues, and family vacations. For those contractors and developers along the East Coast and Gulf Coast, it also potentially...Continue reading »
Janover Ventures is a highly-experienced, hands-on, capital markets advisory firm with nearly two decades of expertise sourcing debt for multifamily and...Continue reading »
Borrowers today can expect more favorable terms from banks and life companies as these lenders compete heavily for business that is typically the territory of Fannie and Freddie, says Draper & Kramer’s Matthew Wurtzebach. By Matthew Wurtzebach (MultiHousingNews.com Article) — In top-tier markets, banks and life insurance companies are...Continue reading »
Bringing in new team members is a critical opportunity to educate employees on their roles, impart corporate culture and begin building, according to Jennifer Henderson of The Bainbridge Cos. By Jennifer Henderson (MultiHousingNews.com Article) — Never underestimate the importance of properly onboarding new associates. Of course, it’s easy to...Continue reading »
Property managers can leverage screening services, databases, and more to make life—and leasing—easier for associates. By Stephen Ursery (MultiFamilyExecutive.com Article) — No one needs to persuade Kortney Balas, vice president of information management at JVM Realty Corp., of the demanding nature of being a leasing associate. Associates not only have...Continue reading »
Treasury, IRS create flexibility to position incentive for success. By Christine Serlin (MultiFamilyExecutive.com Article) — The Treasury Department and Internal Revenue Service (IRS) have issued the much-awaited second tranche of guidance for Opportunity Zones (OZs), the community development tool that came out of the 2017 Tax Cuts and Jobs Act aimed at...Continue reading »
Mnuchin has said the Trump administration won’t release Fannie Mae and Freddie Mac from government control without an overhaul of the housing finance system. (Bloomberg)—Treasury Secretary Steven Mnuchin made clear that freeing Fannie Mae and Freddie Mac from U.S. control won’t happen without a major overhaul of the nation’s housing finance system,...Continue reading »
The Tax Cut and Jobs Act of 2017 favors apartment rentals over single-family home sales in a number of ways, but developers and managers should not take this advantage for granted, says designer Mary Cook. By Mary Cook (MultiHousingNews.com Article) — In April, Americans paid their first tax bills since the Tax Cut and Jobs Act went into effect...Continue reading »
Primary factors to consider when pursuing some degree of certification are cost, logistics, market and the potential impact to the bottom line, according to Mill Creek Residential Senior Managing Director of Development Sam Rodriguez. By Sam Rodriguez (MultiHousingNews.com Article) — As businesses continue to become more environmentally conscious,...Continue reading »
