The Rise of the Mid-Size Single Family-Rental Investor

first_imgHome / Daily Dose / The Rise of the Mid-Size Single Family-Rental Investor Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago with nature background. A sustainable investment.Commentary by Forbes says that the rise of technology is making single-family rental investments and management easier, leading to the rise of the midsize investor. Forbes adds that less than 2% of single-family homes are owned by institutional investors, while 87% are owned by investors with fewer than 10 units. “The biggest increase in market share over the past year has come among investors owning six to 10 single-family rentals, followed by those owning between 11 and 100 rentals,” said Daren Blomquist, SVP at ATTOM Data Solutions. “These smaller to mid-tier investors are benefiting from newfound efficiencies in acquisition, financing and property management that allow them to buy outside their backyard in areas with higher potential returns, and to leverage their money to buy more properties.”Areas best suited for smaller-level investors are often labeled up-and-coming are “ideal locations” for single-family rental investors. “For one thing, the price-to-rent ratios are often much more attractive, while yields tend to be higher,” the report states. “Properties in less densely populated areas are also better insulated against a downturn in the housing market as well. Meanwhile, properties in saturated markets are currently performing the worst.”The markets labeled up-and-coming include: Charleston, South Carolina; Columbus, Ohio; Tempe, Arizona; Evanston, Illinois; Decatur, Georgia; Alpharetta, Georgia; Boise, Idaho; and Jacksonville, Florida. Additionally, investors are advised to look for low-risk, high-return counties, with potential yields of at least 10%. Up-and-coming markets include markets with property taxes lower than 1% and vacancy rates of no more than 5%. According to realtor.com, investors are using the popularity of single-family rental to their advantage. Real estate investors purchased 7.7% of all homes in the second quarter of 2019, up 0.6% year-over-year, the most speculation the market has seen 2013. St. Louis is considered the most appealing destination for both flippers and landlords, with 18.8% of sales as investment properties. “Twenty years ago, [real estate investors] were all locals,” says St. Louis broker and landlord Dennis Norman of MORE Realtors. Now, “we have a lot of investors from California, from Colorado, and even international investors.” Previous: What Drives Early-Stage Delinquency Rates? Next: How Europe’s Example Could Help Address America’s Housing Crisis Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago single family investment Single Family Rental 2019-11-04 Mike Albanese in Daily Dose, Featured, News, Secondary Market Tagged with: single family investment Single Family Rental Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img The Rise of the Mid-Size Single Family-Rental Investor Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Share Save  Print This Post The Best Markets For Residential Property Investors 2 days ago November 4, 2019 2,682 Views Related Articles Sign up for DS News Daily Subscribelast_img read more

Vigil for Sri Lanka held at University Church

first_imgThe Reverend Dr William Lamb, Vicar of the University Church, said: “Our hearts of out to all those affected by this tragedy. The Easter Sunday bombings killed 253 people and injured at least 500 more, targeting churches and hotels in Colombo in the early hours of the morning. The University Church told Cherwell: “About forty people, including members of the University’s Sri Lankan Society, attended the Candlelit Vigil at St Mary’s on Sunday. The service, which included an extended period of silence, provided an opportunity for participants to reflect, to think and to pray. Many participants lit candles, while a number left flowers before the altar. The lighting of candles in Eastertide is significant. It symbolises the hope of the resurrection.” “Along with our interfaith and ecumenical partners, we are becoming increasingly concerned at the rise of violence directed at religious minorities. In recent months, we have seen violent incidents in New Zealand, in Sri Lanka, and in a Synagogue in California.” center_img He continued: “One of the roles of a University Church is to promote education and learning. Our task is to work with others to help people understand the place of religion in the world – and to recognise that ‘religion’ is not simply a system of beliefs but a lived and embodied practice. It is not simply about the head. It is also about the heart. And that is one of the reasons why we will be gathering to pray and to show our love and compassion at the Vigil on Sunday.” A silent vigil for victims of the recent Sri Lankan terror attacks was held at the University Church on Sunday. last_img read more

EPA Releases National Assessment of Strategies to Reduce Air Pollution at Ports

first_imgWashington – An EPA report finds that air pollution at the nation’s ports can be reduced significantly at all port types and sizes through a variety of strategies and cleaner technologies. Implementing these approaches, the report finds, would reduce greenhouse gas and other harmful emissions from diesel-powered ships, trucks and other port equipment.“The National Port Strategy Assessment: Reducing Air Pollution and Greenhouse Gases at U.S. Ports” examines current and future emission trends from diesel engines in port areas, and explores the emissions reduction potential of strategies like replacing and repowering older, dirtier vehicles and engines and deploying zero emissions technologies.“This report shows that there are many opportunities to reduce harmful pollution at ports that we know will work,” said Christopher Grundler, director of EPA’s Office of Transportation and Air Quality. “This is great news for the roughly 39 million Americans who live and breathe near these centers of commerce.”U.S. ports are set to expand significantly as international trade continues to grow, and the size of ships coming to ports increases. This growth means more diesel engines at ports emitting carbon dioxide that contributes to climate change. These engines also emit fine particulate matter, nitrogen oxides, and other pollutants that contribute to serious health problems including heart and lung disease, respiratory illness, and premature mortality. Children, older Americans, outdoor workers and individuals with respiratory and heart conditions can be especially vulnerable. Many ports are located in areas with a high percentage of low-income and minority populations, who bear the burden of higher exposure to diesel emissions.Accelerating retirement of older port vehicles and equipment and replacing them with the cleanest technology will reduce emissions and increase public health benefits. For example, the report found replacing older drayage trucks with newer, cleaner diesel trucks can reduce NOx emissions by up to 48 percent, and particulate matter emissions by up to 62 percent, in 2020 when compared to continuing business as usual.  In 2030, adding plug-in hybrid electric vehicles to these fleets could yield even more NOx and PM2.5 relative reductions from drayage trucks.The new assessment supports EPA’s Ports Initiative’s goals to reduce air pollution and greenhouse gases, to achieve environmental sustainability for ports, and improve air quality for all Americans working in and living near our nation’s ports.  Through this initiative, EPA is engaging a wide range of stakeholders including ports and port operators, communities, tribes, state and local governments, industry, and other technical and policy stakeholders. EPA developed this national scale assessment based on a representative sample of seaports, and the results could also inform decisions at other seaports, Great Lakes and inland river ports, and other freight and passenger facilities with similar profiles.EPA’s regulations are already reducing port-related diesel emissions from trucks, locomotives, cargo handling equipment and ships. For example, the North American and U.S. Caribbean Sea Emissions Control Areas require lower sulfur fuel to be used for large ocean-going vessels.  This requirement has reduced fuel-based particulate-matter emissions from these vessels by about 90 percent.  In addition, some port areas are already applying the emission reduction strategies assessed in the report. The emissions reduction strategies assessed in the report would make a significant difference in reaching the nation’s air quality goals, and would help reduce emissions of the greenhouse gases that contribute to climate change.FacebookTwitterCopy LinkEmailSharelast_img read more