Remove 2019 Remove Blog Remove Clients Remove Tenants
article thumbnail

Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Send this letter to apartment complexes and past rental clients you’ve worked with.

article thumbnail

How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR.

Appraisal 148
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR.

article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. The post Navigating the Appraisal Process – What You Need to Know appeared first on Simonson Real Estate Blog.

article thumbnail

MINNEAPOLIS MULTI-FAMILY TRENDS – IMPACTS OF 2020

Simonson Real Estate

from 2019 to 3 rd Quarter 2020, including new properties still in the lease-up phase. annually from 2016 to 2019 slowed to a positive 1.2% Minnesota enacted an eviction moratorium, restricting landlords from evicting delinquent tenants. In addition to vacancy, they stated new tenant inquiries have significantly slowed.

Landlords 117
article thumbnail

DOLLAR STORES MARKET TRENDS

Simonson Real Estate

In the world of single-tenant commercial real estate one property type sub-group has stood out: Dollar Stores. Dollar General Tenant Overview. Those totals were up across the board from fiscal 2019, when the deep value retailer opened 975 new locations, remodeled 1,024 units, relocated 100 units and closed 67 stores.

article thumbnail

“No News is Good News” – It’s What We Strive For

Simonson Real Estate

Overall risk is higher for the bank in these circumstances due to economic factors which can lead to changing property values and potential risk of tenants or borrowers having revenue disruptions that impact their ability to pay their rent or their mortgage. In a bear market, appraisals tend to be scrutinized more closely (and rightfully so).