Monday, November 30, 2020
Let’s Not Forget the Expenses
Friday, October 30, 2020
Adverse Possession: Why It Makes More Sense Than You May Think
Photo by Louis from Pexels |
Adverse possession is the legal ability to take over the land of another person by openly and notoriously acting like you are the owner over a number of years. The ways that a person in adverse possession can demonstrate open and notorious occupation of land differ from locale to locale. Some examples of open and notorious possession have been constructing a fence, maintaining the lawn, receiving mail and, the most open and notorious of all, paying property taxes.
Sunday, August 16, 2020
Lesson From the Pandemic For Residential Landlords
Considered rationally, the need for all of the social safety nets put in place for renters is obvious. The only way to truly survive a global disaster is to band together and implement a series of solutions. Radical measures had to be taken to mitigate the global pandemic. “We’re all in this together,” is not just a motto, it’s a reality. As a society, we are tasked with taking care of our most vulnerable populations, because the repercussions of not doing so are far more expensive than the costs of their protection. In this instance in particular, increased homelessness and/or a wave of relocations due to a rise in home displacement would only serve to exacerbate infection rates around the nation. That said, here are some clear lessons that residential landlords can learn in the wake of this global event.
Friday, June 26, 2020
Real Estate in the Time of Pandemic
Photo by CDC |
Friday, June 12, 2020
Social Justice Real Estate
Tuesday, April 28, 2020
Back in the Saddle Again
Wednesday, August 8, 2018
The Real Estate Sales Game (Part 2)
Monday, August 6, 2018
The Real Estate Sales Game (Part 1)
Tuesday, July 31, 2018
Change Is A Coming: How Current Economic Conditions Should Affect Real Estate Investment
Friday, July 27, 2018
How To Approach A Defaulting Second Mortgage
Wednesday, July 25, 2018
Real Estate Crowdfunding
Monday, July 23, 2018
Real Estate Asset Managers
Although the title Asset Manager has multiple meanings in the world of finance, the Real Estate Asset Manager has a specific task—to manage properties resulting from mortgage default or property acquisition on behalf of a real estate investor, whole loan investor or mortgage servicer. Typically, real estate asset managers maintain a network of vendors, such as contractors, real estate brokers, real estate marketing companies and appraisers in order to maintain, market and sell properties under their management. Resultantly, much of the role of the Real Estate Asset Manager consists of vendor management.
Thursday, February 23, 2017
Property Maintenance Laws and Lending
The fight against property blight is a battle that has been waged for many decades. Some areas of the nation, have struggled with abandoned properties and even abandoned neighborhoods since the shrinking of the nation’s industrial sector beginning in the 1970’s. Other areas became intimately acquainted with blight as a result of the wave of foreclosures that took place at the end of the first decade of the century. However it may have arrived, the real estate finance market is certainly now affected by the palpable concern of property blight and has had to adjust to attempts to mitigate its damaging effects.
Sunday, January 22, 2017
In the Weeds: How a Multidisciplinary Approach to Real Estate Can Lead to Increased Success
Monday, January 9, 2017
Cooperatives
Monday, December 26, 2016
Condominiums
A condominium or condo allows a property, typically a multistory building, but not infrequently a large parcel of land, to be split into sections and owned by multiple owners. The unique aspect of condominium ownership is that it entitles an owner to ownership of a specific portion of a property and the space or “air” bounded by that portion. For example, through condominium ownership, one can convey the first floor of a three story building to one party, the second to another party and the third to yet another party. Interestingly, the units are frequently not required to be the same size, so one could create a two-unit condominium out of a three story building and convey the first floor to one party and the second and third floors to another party. A condominium is formed by recording a document, typically called a declaration in most jurisdictions, but also referred to by other names, such as a master deed, against the property. This document informs the public that the property is now a condominium, outlines the sizes of the units and common areas and provides other relevant information about the condominium. Once a condominium is formed the property can no longer be sold as an undivided whole, unless the condominium regime is abandoned. The condominium regime will remain in effect until either the unit owners decide to abandon the condominium, the government dissolves the condominium, the property somehow loses the condominium status through the violation of local laws or the government condemns the property.