The Booming Built-For-Rent Industry

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 5, 2019 1,420 Views Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Share Save Tagged with: builders Investment Rent Single-Family Rent Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago builders Investment Rent Single-Family Rent 2019-08-05 Seth Welborn Related Articles Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago The Booming Built-For-Rent Industry  Print This Post Demand Propels Home Prices Upward 2 days ago Demand for single-family rentals is heating up, and is now the fastest growing segment of the housing market. Data from CoreLogic’s 2018 SFR report indicates that its single-family rental index increased 4.1% since January 2018, noting that low rental home inventory, relative to demand is fueling the growth of single-family rent prices.In response, many homebuilders are turning to build-for-rent properties, CNBC reports.AHV Communities, partnering with Bristol Group, is one builder turning from for sale homes to build for rent. CNBC reports that the company is putting up 250 new detached homes in San Antonio’s Pradera neighborhood, where rents range from about $1,800 to $2,300 per month.“We basically took an apartment and went horizontal instead of vertical,” AHV founder and CEO Mark Wolf said on CNBC. “About 93% of the apartment stock consists of studios, one and two bedrooms, very few three bedrooms. We saw a growing need coming out of the downturn, to provide three- and four-bedroom homes to the renter society.”“We think there’s a major shift in the demographics,” Wolf added. “Empty nesters are done taking care of their homes. They want to downsize, they want portability, mobility in the lease. The millennial household formation, they’re not really dialed into taking care of a home, they want to go out and do the same thing that the boomers are doing, which is enjoy life, not work hard for their house.”According to CNBC, builders are finding single family starter homes difficult to profit from, as costs have risen and regulation has tightened.“Our business is booming right now with build-to-rent feasibility work,” said John Burns, founder and CEO of John Burns Real Estate Consulting. “We are discussing new projects with clients almost daily. The market has become so hot that we are already having conversations about when we will conclude the market is overbuilt.”Learn more about single-family rental investment at the Five Star Conference Single Family Rental and Investment Roundtable, to be held on Monday, September 23 at the Hyatt Regency Dallas, moderated by RCN Capital CEO Jeffrey Tesch. Grab a seat at the table to hear what opportunities are available to help you meet your investment objectives. Hear from industry experts on how you can continue to meet your performance objectives. Participating companies include:Bayview Loan ServicingCoreVest FinanceHome DepotNational Tax SearchRCN Capitaland moreLearn more about the Single Family Rental and Investment Roundtable here. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Booming Built-For-Rent Industry Subscribe Previous: The Long-Term Impact of the Uniform Mortgage-Backed Security Next: When Does a Condo Owner’s Lien Liability End? Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Ryan waiting for NHL to see strength of senior squad

first_imgSo far the Premier county have only played challenge matches – two of which have been against non-intercounty opponents.Dublin will be their first opponents in the league in just over two weeks’ time.The Tipp boss says its will only be from that point on that he’ll begin to have clear idea of how strong his panel is.last_img

The Real Entrepreneur is a Plumber

first_imgYoung entrepreneurs believe that entrepreneurship is the Powerball. They believe that they need an idea, and then they want to collect money from strangers to place the largest bet possible. The outcome they seek is hitting the right combination of numbers and become rich beyond their wildest imagination when they go public or flip the business. The entrepreneurial ethos is about private jets, parties, and disruption of the status quo. It’s a status symbol. It’s signaling. It’s a theory, really.This popular conception is not entrepreneurship. Entrepreneurship is starting a business and assuming the risk of doing so. Collecting other people’s money means you have investors, but it doesn’t make you an entrepreneur when you don’t have real skin in the game.The PlumberThe person that graduates from trade school and starts a plumbing service with a single truck, a set of tools, an ad on Google, and a website and phone number is an entrepreneur. The plumber who grows big enough to need a second and a third truck and has to hire two people to help run his business is the real entrepreneur. The plumber finds the money he needs to grow by acquiring customers at a profit, investing those earnings in the trucks and equipment necessary to grow the business.The thought of giving part of their business to a stranger who only wants them to return double the amount given in 60 months would seem outrageous to the plumber. Allowing an investor to have control would be the opposite of why the entrepreneur started their business in the first place.Why Start a BusinessTo our entrepreneur, in this case, our plumber, it’s anathema to consider building a business to flip it. The business is not a get rich quick scheme, it is get wealthy slowly scheme, a difference of a magnitude nearly impossible to describe in words. The entrepreneur doesn’t believe that entrepreneurship is glamorous, least of all the work of plumbing. But they are highly profitable, independent, and have better parties than most of the people who mistake the popular idea of entrepreneurship with real entrepreneurship.The entrepreneur assumed the risk, and for their trouble, they own their business free and clear. They started the business because they believed they could create value for other people and build something around what they do well, maybe better than anyone else. They have a sense of freedom that comes from controlling their own destiny, doing what they want to do when they want to, and growing the business at the speed that makes sense for them, some with massively aggressive goals, and others who prefer a lifestyle business.To our entrepreneur here, owning and running their business is winning the Powerball. Evaluate your motivations. If you don’t want to be the plumber, you will find entrepreneurship difficult.last_img read more

NBA players go on trial in 2015 Phoenix assault

first_imgRobredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Prosecutor Dan Fisher said it was a coordinated mission and “orchestrated attack” after the victim sent text messages to the Morris twins’ mother that angered them.Defense lawyers insisted the twins did not participate in the attack and questioned the reliability and financial motives of the man who was beaten. The lawyer for Marcus Morris, Timothy Eckstein, said witness statements that form the basis of the case are “entirely inconsistent and incompatible with the truth.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingThe twin brothers face the possibility of prison time and discipline from the NBA, including a minimum 10-game suspension, if they are found guilty.The two-week trial also threatens to disrupt the start of their 2017 NBA season with training camp set to begin for both players on Sept. 26. Argentine bishop appears at court hearing on abuse charges Two of the other co-defendants pleaded guilty Wednesday to the same charges. That leaves the Morris brothers and one other defendant standing trial this week. The third defendant is Gerald Bowman, a former University of Southern California football player.Police say Hood was leaving a high school basketball game when he was approached by a friend of the Morris brothers. Hood told Phoenix police the man was speaking to him when he was punched in the back of the head.Hood ran to his car but fell down, before the men punched and kicked him repeatedly, authorities say. All five left in a Rolls Royce Phantom as bystanders began to appear.Hood provided an account of the attack as the first prosecution witness Monday, calling it “the most terrifying moment in my life.”He said Marcus Morris kicked him “relentlessly” and Bowman “just jumped straight up and landed on me with two feet.” Hood previously told police he was attacked by Markieff Morris, but recalled on the stand Monday that he later clarified his statement and said he could not be sure whether Markieff participated in the beating.Hood told police he suffered a fractured nose, abrasions and a large bump on his head.At the time of the attack, the 6-foot-9 Morris twins were teammates on the Phoenix Suns.Sports Related Videospowered by AdSparcRead Next FILE – In this Oct. 17, 2013, file photo, official Ron Garretson talks with Phoenix Suns forwards Marcus Morris center and his twin brother, Markieff, before the Suns’ NBA preseason basketball game against the Sacramento Kings in Sacramento, Calif. (AP Photo/Rich Pedroncelli, File)PHOENIX — NBA players Marcus and Markieff Morris went on trial Monday on felony assault charges stemming from a 2015 beating that prosecutors labeled as an “orchestrated attack” and defense lawyers dismissed as a ploy to get money out of the athletes.Opening statements began with prosecutors saying the two NBA stars and three other men each had a role in a beating that left a former acquaintance with a broken nose and other injuries.ADVERTISEMENT Tyson Fury urges UK Anti-Doping for resolution Winter storm threatens to scramble Thanksgiving travel plans Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ MOST READ The Boston Celtics acquired Marcus Morris from Detroit in the offseason as part of an overhaul of their roster, while Markieff was a solid contributor for the Washington Wizards last year.The Morris brothers are accused of helping three other people beat 36-year-old Erik Hood, who has known the twins since they were promising teenage AAU players.In youth basketball parlance, Hood was known as a “runner” — someone who connects promising young athletes with representatives and agents in hopes of getting a cut of a lucrative NBA contract, Eckstein said.He said Hood viewed the Morris twins as his “lottery ticket” after they went onto a successful career at the University of Kansas. They had a falling out while the Morris brothers were at Kansas, and they were later drafted into the NBA.Defense lawyers don’t dispute that the beating took place, but they say the Morris brothers weren’t involved and believe Hood was trying to pin blame on them for financial gain.ADVERTISEMENTcenter_img Lacson: SEA Games fund put in foundation like ‘Napoles case’ ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims View comments Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Don’t miss out on the latest news and information. Trump to designate Mexican drug cartels as terrorist groups No more menthol cigarettes: New ban on tobacco, vape flavors LATEST STORIESlast_img read more