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Financing proves an obstacle for ADUs

Housing Wire

Accessory dwelling units are increasingly legal. Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. How to minimize tenant turnover using online property management tools. ADUs were legalized statewide in 2017.

Finance 368
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Knox Financial announces $10 million in Series A funding

Housing Wire

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

Landlords 372
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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. It may not be ideal to “piggyback” the warehouse for rent from another tenant, but it could be the best direction when there’s limited availability.

Landlords 144
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Key Appraisal Items to Communicate.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. 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.

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

While the buyer takes possession of the property, as with mortgages, the seller retains the deed and legal title to the property as security and collateral until the installment payments are completed. At its most basic level, a ground lease is not a sale of land, but rather a rental of land to a tenant that plans to build on the property.

Contracts 143
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Top 5 Property Management Mistakes

McKissock

Mistake #1: Not screening tenants. Though the risks are high, it is not uncommon for landlords to bypass screening new tenants. Unfortunately, there are tenants that know how to exploit this trust, and will inevitably cause you months of grief. Mistake #2: Failing to do a routine inspection of your property.