Las Vegas Real Estate and Property Management 2013 Wrap Up and 2014 Pr
Rumor Mill
THE YEAR OF THE SHARK SKIN SUIT INSTITUTIONAL INVESTORS!
Loan Shark (Photo credit: Birmingham Consumers)
The main driving force we have competed with this fine year are the guys in the shark skin suits, A.K.A. hedge funds. Both in property management and rental home sales. Competition for tenants and homes started strong. The question that stood out was how are hedge funds going to manage tens of thousands of individual rentals. Their publicized answer was, “Property Management will all be easily completed in-house”. Sounds good, show us how you roll.
Tales of the Rat Fink (Photo credit: the_festivalists)
When looking back over 2013, the year began with increasing home values and hot rabid hedge fund buyers,story here. As the mid summer months of the year came upon us, it seemed the hedge funds decided it was time sit back and reap the rewards of doing IPO’s before the music stopped with no chair, story here. After all, they wouldn’t want to leave any chips on the table.
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