Lloyd Segal
Economic Update (June 15, 2020)
15 June 2020 | 0 replies
Economic Update(Monday, June 15, 2020)It’s official: The longest expansion in U.S. history ended in February as the economy fell into a deep recession, according to the National Bureau of Economic Research (“NBER”).
Amber Gonion
St. Paul follows Minneapolis lead in limiting landlord rights
18 June 2020 | 11 replies
They keep moving it. ..Title Creating Chapter 193 of the Legislative Code (Title XIX) pertaining to Tenant Protections...BodySection 1WHEREAS, under City Council RES 89-1273, the Council directed the creation of a fair housing workgroup to make policy and budget recommendations “with the goal of eliminating housing disparities, lowering barriers to affordable housing, and ensuring access to economic opportunity in the City of Saint Paul”; andWHEREAS, under City Council RES 17-2064, the Council directed the development of a fair housing strategic plan “to continue to research and work with housing partners on strategies to further Fair Housing goals such as...improved tenant protections, Tenant Remedies Actions, Advance Notice of Sale policy, gentrification studies, just cause eviction, non-discrimination policies, and others”; andWHEREAS, under City RES 18-1204, the City Council acknowledged that “the housing crisis in our city and region, and the urgent need to address the crisis as our population grows,”; and WHEREAS, in 2019 the City created the Affordable Housing Trust Fund, with five objectives: to meet the needs of those with the lowest incomes by increasing supply; to invest in low and moderate income residents by investing in existing supply; to explore innovative approaches to meeting housing needs; to build wealth for residents and communities; and to promote fair access to housing for us all; and .WHEREAS, in 2019, the Office of Financial Empowerment, which housed the Fair Housing Coordinator Position, was created and subsequently developed the framework for a citywide fair housing strategy identifying decreasing housing displacement, increasing housing access and affirmatively furthering fair housing as the overall objectives; and WHEREAS, Tenant Protections is one of four focus areas including education and engagement, enforcement and compliance, and preservation and production, to address strategy objectives based on the current housing landscape; andWHEREAS, stagnant wages, skyrocketing rents, a lack of affordable housing, and a consistently low housing vacancy rate are making it harder for Saint Paul residents to find housing and to afford it over time; and WHEREAS, the number of renters has increased by 12 percent from 2000-2016 and the City of Saint Paul has now become a renter-majority city, with 51% (57,621) of City residents being renters; and WHEREAS, renters are disproportionately people of color and are disproportionately representative of individuals from low wealth backgrounds; andWHEREAS, demographically 83% of African-American households are renting, compared to 41% of White households; and WHEREAS, more than half of our renter households earn 60 percent or less of the Area Median Income, and more than half of our renter households of color earn 30 percent or less of the Area Median Income; andWHEREAS, in St.
Joseph Barnes
Airbnb for 1st property investment? Why should I NOT do this
18 June 2020 | 42 replies
If you can reduce, remove, or even profit on your main living expenses (which for 99% of us, is our biggest expense), it'll teach you every aspect of the business, a lot of headaches to deal with, all while improving your financial situation to help springboard into more investments, or just live more comfortably and not deal with the largest expense for the general population.
Harris Pantlik
Credit and Background Checks
16 June 2020 | 6 replies
I also plan to make the largest room in the large home a home office and write that off.
Nicholas Van Blarcom
Invest out of state or stay local?
11 July 2020 | 15 replies
Population Growth, Economic Viability, Historical Investment returns?
John White
Huntsville Market & Covid-19
22 June 2020 | 12 replies
Given that the current economic climate has affected all of the U.S., and as @Mike Ball mentioned, Huntsville is doing quite well in comparison, I would be surprised if Toyota would pull back only to reinvest elsewhere in the United States.
Maggie Lundstrom
Narrowing down focus for 1st Rental - Orlando or Space Coast?
19 June 2020 | 9 replies
Also, the local airport worked a deal with the largest travel package company in the U.K. to bring flights to Orlando- Melbourne International Airport, which will bring many European visitors, and will impact the county.
Jacoby Atako
Can I convert a regular tenant to section 8?
17 October 2020 | 58 replies
The largest hurdle would be getting her an expedited voucher.
Kyee Bo
1% return markets for OOSI
23 June 2020 | 30 replies
Both are good cash flow markets but in addition to cash flow, they both have good economic and demographic trends such as population and job growth which are important to long term asset values.
Forrest J Green
AC Units not keeping up with temps as unit gets older.
16 June 2020 | 3 replies
Then I started researching AC units myself and thought Amana units seem to be economically priced and decent quality and their website had a list of local installers.