By Jeffery S. Watson Dear Anna, Given all the different stories in the news, I’m not sure if you’ve seen the announcements regarding multiple progressive U.S. Senators introducing a bill called the “Stop Predatory Investing Act” which is designed to remove certain tax deductions for interest expense and depreciation deductions for property owners with 50 or more single-family homes. The way this bill...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Biden Administration to Take on So-Called “Junk Fees” in Rental Housing The Biden Administration announced that it has enlisted the help of several real estate platforms in taking on so-called “junk fees” in...
By Brad Beckett Citing Census data, Statista says demographic change has accelerated in the United States over the past 10 years - especially among those in the 65+ category. Stay safe and have a Happy Friday!!
In this Update, we will focus on maintenance issues very common to rental property owners, and highlight a couple of landlord discussions on faucets, drains, and tubs. In the first discussion, a landlord asks other rental owners how should he or she handle a resident who calls about a broken knob on the kitchen sink and a clogged drain in the...
By: Jeffery S. Watson Most of you know that I’m a practicing attorney in Ohio with a history of trial work and litigation. One of the things a trial lawyer thinks about is how to get information admitted into evidence. I want to share with you the best way to get text messages between you and another party admitted into evidence. There is a right...
By: Jeffery S. Watson Dear Anna, Have any of the following been causing a little extra pressure or making you feel squeezed in your real estate business – rising interest rates, tightening lending criteria by institutional lenders, near double-digit increases in real estate taxes and insurance premiums, or increasing costs for materials and supplies for repairs, renovations and rehabs? If any (or maybe...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website U.S. Construction Spending Up Slightly in May ’23 The U.S. government is reporting that total construction spending in May, 2023 was at a seasonally adjusted annual rate of $1,925.6 billion, which is 0.9%...
By Brad Beckett A recent chart from the Visual Capitalist illustrates how U.S. home prices have grown over the past 50 years. In fact, they point out that in 2022 alone, prices grew significantly even as interest rates climbed higher. Stay safe and have a Happy Friday!
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Pending Home Sales Down 2.7% in May The National Association of Realtors is reporting that pending home sales were down 2.7% in May, 2023. Click here to read more. New Home Sales Jump 12.2% in...
By Brad Beckett What kind of homes are owners and renters living in? Using data from the most recent American Housing Survey, today’s infographic from the Census Bureau illustrates how owners & renters occupy housing of different types and sizes. As always, have a safe and Happy Friday!!!