Have you been searching for untapped real estate investing niches and opportunities? Clint Coons, Esq. and Aaron Adams of Alpine Capital Solutions join each other for a discussion to go over the number of opportunities real estate investors are not tapping into.
The “missing witness” from the Biden corruption investigation, Israeli professor Dr. Gal Luft, has laid out his bribery allegations against the president’s family in an extraordinary video filmed in an undisclosed location while he’s on the run.
In the 14-minute recording, obtained exclusively by The Post, the fugitive former Israeli army officer claims he was arrested in Cyprus to stop him from testifying to the House Oversight Committee that the Biden family received payments from individuals with alleged ties to Chinese military intelligence and that they had an FBI mole who shared classified information with their benefactors from the China-controlled energy company CEFC.
The self-proclaimed fall guy says he provided the incriminating evidence to six officials from the FBI and the Department of Justice in a secret meeting in Brussels in March 2019 — but alleges that it was covered up.
“I, who volunteered to inform the US government about a potential security breach and about compromising information about a man vying to be the next president, am now being hunted by the very same people who I informed — and may have to live on the run for the rest of my life on the run …”
“I’m not a Republican. I’m not a Democrat. I have no political motive or agenda … I did it out of deep concern that if the Bidens were to come to power, the country would be facing the same traumatic Russia collusion scandal — only this time with China. Sadly, because of the DOJ’s cover-up, this is exactly what happened …”
The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.
The lack of homes for sale is prompting homebuyers to bid more than asking prices. Overall, inventory dropped nearly 12% compared with a year ago, Redfin reported.
1. Entering the rental property without prior notice.
When you enter a rental agreement with a tenant, you lose the right to enter the rental property whenever you want due to their right to privacy. Instead, you must give advanced written notice that includes a valid justification to enter the rental unit, such as for repairs.
Verify with your area’s specific laws to determine exactly how much notice is required. Generally, it’s acceptable to give between 12 and 48 hours advance notice.
However, there is an exception to this rule. A landlord may enter an occupied rental property without notice if there’s an emergency, such as a suspected fire or gas leak. In these scenarios, landlords must still legally inform the tenant if this has happened. They can do so by leaving a written notice before leaving the property.
2. Not disclosing if the rental property contains hazards, such as lead-based paints or mold.
A landlord must inform prospective tenants whether there are potential hazards on the rental property. It’s best practice to provide written disclosure of these property risks to the potential tenants before they agree to sign the lease.
Typically, landlords and property managers choose to include the disclosures with the lease agreement to ensure that each and every tenant understands any possible risks before moving in. This allows the tenant enough time to determine if they will or will not proceed with the agreement.
If a landlord doesn’t inform tenants of potential risks, they can be held liable for any tenant health problems resulting from undisclosed hazards.
3. Mishandling the security deposit.
The two most common ways a landlord illegally mishandles tenant security deposits include:
Using a security deposit for the wrong reasons.
Withholding the security deposit from the tenant.
Security deposits are a protective measure for landlords that should be used to solely cover damages to the rental property that were caused by tenants. These damages can be material (water damage to the floor or a hole punched through a door) or financial (back-due rent) in most states. It’s illegal for a landlord to use the security deposit for any other purpose.
Specifically, the security deposit cannot be used to repair standard wear-and-tear — this is illegal.
Similarly, landlords cannot refuse to return the security deposit (whether it’s the full amount or the remaining amount after legal repairs) to a tenant after they move out. Unless it has been completely used to fix tenant-caused property damage, that money must be returned by the landlord.
Need help determining what constitutes normal wear-and-tear? Read through our helpful guide.
4. Retaliatory actions due to a tenant complaint.
If a tenant files a complaint against a landlord, they are legally protected from retaliation.
For landlords, this may include doing any of the following as punishment:
Raising rent
Refusing or delaying repairs
Threatening the tenant
Pursuing an eviction
Shutting off utilities
Even if unintentional, landlords cannot take any actions that may be viewed as a negative action due to a tenant’s complaints.
5. Increasing rent without notice.
If you plan on raising rent, you must give your tenants proper notice according to your local or state legal requirements. The exact timeline for providing notice may also vary depending on if your tenant is on a yearly lease or month-to-month rental agreement. Furthermore, any rent increase cannot take effect until after the current agreed-upon lease ends.
Typically, every landlord must give around 30 to 60 days written notice to a tenant if they’re raising the rent amount. Verbal notice is not a legally acceptable way to inform your tenants. Depending on your state, you can either write a letter to your tenant or you must send a certified letter.
If you don’t follow legal protocol, the rent increase is inadmissible and unenforceable.
If you need help creating a rent increase notice, check out the AAOA how-to guide and template here.
6. Increasing rent beyond legal limits.
This illegal action mostly occurs for rent-controlled or rent-stabilized properties, which are protected by local regulations. However, there are a few states in the U.S. that put a limit on how much a landlord can raise a tenant’s rent within certain periods of time.
Always reach out to an attorney or law professional if you have any concerns about rental laws in your area or for your specific property situation.
7. Misuse or abuse of late fees.
For landlords, it’s a common practice to charge late fees if the tenants don’t pay in a timely manner — most states allow it. However, many states dictate exactly when and how a late fee can be charged to a tenant. If a landlord charges a late fee that is too high, early or excessive, they could be breaking the law.
Some states have passed laws to protect tenants from exorbitant late fees. In those areas, any late fee must be “reasonable” in proportion to the rental amount. Similarly, landlords may be required to include late fee amounts in the lease agreement.
Pre-determined grace periods have also been passed in certain states, which means a landlord cannot charge a late fee until that period has passed.
As a landlord, one way to ensure legal practices is to review your local rent laws and use them to guide your rental property’s late fee policy. This can help protect you from liability or legal action.
Utilize the AAOA late rent notice form if your tenant has defaulted on their lease agreement.
8. Failing to do required inspections for your rental property.
A rental property must be habitable for tenants. To ensure this, landlords are required by law to conduct certain inspections of the rental property. Some examples of potentially required inspections include:
Fire inspections (e.g., smoke detectors, carbon monoxide detectors, etc.)
Every landlord should want their rental property to be both legally safe and habitable. By following state or city-mandated inspections, you can ensure that each rental is in compliance.
9. Avoiding or refusing necessary repairs.
A tenant has a right to privacy and the right to a safe home. This means that every landlord is legally required to handle repairs in a timely manner for their tenants.
If any part of the home breaks, it’s up to the landlord to handle the repairs — not the tenant. If the landlord tries to push the responsibility onto the tenant, they’re breaking the law.
They must either fix the problem themselves or hire a licensed contractor that can get the job done. However, the tenant may still be able to pursue legal action if the landlord doesn’t pursue repairs in a reasonable amount of time, as determined by the local area’s rental laws.
Having a rental property with broken-down appliances or required repairs is a headache, so it’s in the best interests of the landlord and tenant to get these repairs completed as soon as possible.
10. Forcefully removing or locking out tenants without an eviction order.
There are many reasons a landlord can pursue eviction for their tenants. From breaking the lease agreement to nonpayment of rent, it’s well within a landlord’s right to evict.
However, no landlord can forcefully evict a tenant without first taking them to court and following the proper legal procedures. Without a court order, tenants cannot be prevented from accessing the rental property. This includes by physical force or by changing the locks to the rental unit.
This may be frustrating, especially if the current tenants are disturbing other residents, but every landlord must take the tenant to court and successfully obtain an eviction order to remove tenants from the property. No other actions can be taken to prevent access to the property until then.
Airbnb hosts are worried about an 'Airbnbust' because the short-term rental bubble may be popping. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Inflation, the sustained increase in the general price level of goods and services in an economy over time, has been a topic of immense interest and scrutiny for policymakers, economists, and society at large. This essay aims to explore the relationship between inflation, economic policy mistakes, and war, arguing that both these factors have been significant contributors to inflationary episodes. By analyzing historical and contemporary examples, we will gain insights into how faulty economic policies and war result in inflationary pressures, impacting economies and individuals alike.
One of the primary causes of inflation can be traced back to economic policy mistakes. Governments, in an attempt to achieve their socioeconomic objectives, sometimes implement misguided policies that lead to inflation. For instance, expansionary fiscal or monetary policies, when not implemented cautiously, can result in an excess supply of money, causing aggregate demand to surpass the available supply of goods and services. This demand-pull inflation occurs when consumers have more money to spend than what the economy can produce.
Policy errors like these can lead to spiraling inflationary pressures.Furthermore, incorrect management of monetary policy, particularly the central bank's decision on interest rates, can also contribute to inflation. When interest rates are maintained too low for an unsustainable period, the economy may overheat, leading to an excess demand for goods and services. This is known as cost-push inflation, where firms respond to rising costs and limited resources by passing on the increased costs to consumers in the form of higher prices. This policy-induced inflation can have severe consequences for the stability and well-being of an economy.
In addition to economic policy mistakes, war and conflict have proven to be significant contributors to inflation throughout history. War disrupts economic activity by diverting resources from productive sectors to the war effort, which often leads to inflation. The increased government spending on military operations and the need to finance war-related expenses can put immense pressure on an economy, causing prices to rise. Moreover, conflicts can create uncertainty, reducing investment and productivity, and aggravating inflationary pressures.
The consequences of war-induced inflation are further exacerbated by the disruption of supply chains. During wartime, the availability of essential resources and raw materials may be compromised, leading to shortages and higher prices. This, in turn, compels businesses to raise prices to cover their increased costs, contributing to inflation. Consequently, the destructive nature of war intertwines with economic factors, creating a perfect storm for inflationary pressures to take hold.
Examining historical examples highlights the link between inflation and war. For instance, the hyperinflation witnessed in Weimar Germany during the early 1920s can be directly attributed to the economic consequences of World War I. The massive reconstruction efforts, combined with the burden of war reparations, strained the German economy to its breaking point. This example underscores the detrimental effects of war on the economy and its direct contribution to inflationary crises.
Another notable example is the inflationary episode faced by many countries involved in the Vietnam War. The United States, in a bid to finance the war, increased spending and engaged in expansionary monetary policies. However, the resulting fiscal deficits and the subsequent accumulation of external debt created inflationary pressures domestically. This example serves as a vivid reminder of the connection between war, economic policy mistakes, and their subsequent impact on inflation.
In contemporary times, economic policy mistakes and war continue to pose risks for inflation. A recent example is the economic turmoil in Venezuela, driven by misguided economic policies and political unrest. The excessive printing of money, coupled with a decline in oil prices and social instability, has led to astronomical hyperinflation in the country. This case underscores the disastrous consequences of both policy errors and political conflicts on inflationary pressures.
Recognizing the implications of inflation is crucial, as it affects various aspects of society. Inflation erodes purchasing power, particularly impacting vulnerable populations who may struggle to afford basic necessities. Additionally, high inflation rates can undermine investor confidence, leading to reduced capital investments, lower economic growth, and increased uncertainty.
Mitigating inflation requires prudent economic policy management. Governments and central banks must implement sound monetary policies that strike a balance between price stability and economic growth. Additionally, thorough assessment and consideration of the potential consequences of entering into conflicts can help minimize wartime inflationary pressures
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guest: Kathleen McCarthy, Blackstone Global Co-Head of Real Estate. --------
Opendoor is one of 52 women-led Fortune 500 companies.
There's a pending investor class action lawsuit against Opendoor. The lawsuit was filed in October 2022 in the Federal District of Arizona, where Opendoor has a strong market presence. The deadline for applying as the lead plaintiff was Tuesday, December 6, 2022.
The FTC alleged that Opendoor pitched potential sellers using misleading and deceptive information. In the last quarter alone, Opendoor lost $399 million after selling more than 7,500 homes. For all of 2022, the company posted a net loss of $1.4 billion.
In this episode of the AZREIA podcast, host Marcus and Mike is joined by AZ Residential property management to discuss all things property management. They delve into how they got started in the industry, with AZ Residential sharing their journey from an accounting background to falling in love with property management. They also highlight the uniqueness of the field and the excitement that comes with dealing with different challenges every day.
Tune in to learn valuable tips and insights on how to effectively manage your properties.
1.) First and foremost, we had an enlightening discussion about property management. Derek and Barbara from AZ Residential shared their wealth of knowledge and expertise on how to effectively manage properties. They provided invaluable insights on what to look for, what to avoid, and the essential steps you need to take to ensure success in property management.
2.) Secondly, we delved into the incredible resilience of AZREIA during the challenging times of COVID-19. While many investing groups and businesses were forced to shut down, AZREIA persevered and continued to provide education and market updates to its members. Derek highlighted how they seamlessly transitioned to online platforms, ensuring that their meetings and informative sessions never stopped. They even collaborated with Mark Simmons from Zona Law to keep landlords and real estate investors informed about the latest developments, going above and beyond what was reported in the news.
3. Last but certainly not least, we had the opportunity to learn about the passion that drives AZ Residential Property Management. Derek and Barbara's dedication to their clients and commitment to delivering exceptional service truly shines through. They emphasized the importance of building strong relationships with their clients and the satisfaction they derive from helping investors achieve their goals. Their passion for what they do is infectious and inspiring!
[00:02:44] Passion for property management. [00:07:32] Senior passion during COVID. [00:10:17] Qualifying tenants deeply. [00:15:32] Emotional support animals. [00:16:47] Support animals and their tasks. [00:23:52] A strange rental market. [00:25:18] Apartments and the new generation. [00:30:03] Surfing for rental comps. [00:31:33] Price per square foot. [00:35:28] How to reach out to us.
Thank you all for your continued support and for joining us on this incredible journey. Stay tuned for more exciting episodes, and as always, keep taking massive action!
-- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in #realestate
Azreia Real Estate Investing Entrepreneurial Self Assessment Who is it for? ☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.
☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing.
Our membership is a community consisting of independent real estate investors who invest in: 🏡 SINGLE FAMILY 🏙 SMALL MULTI-FAMILY 🏡WHOLESALERS ✍️ NOTES
Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers.
🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.
🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge.
Pulsenomics has developed The U.S. Housing Confidence Index to monitor and communicate the pulse of U.S. real estate markets. Learn more.
117 economists and housing experts polled by Zillow expect home prices to increase at an annual rate of 3.5% until 2027 after bottoming out this year. That would be a more stabilized trend last seen in the 1990s before the housing boom and bust of the 2000s and follows the rapid run-up in housing values during the pandemic.
In this video, I'm sharing with you the beginner's guide to real estate investment with Robert Kiyosaki. You must watch this video if you're interested in learning about this exciting and lucrative topic!
Real estate is one of the most popular investment opportunities available today, and this beginner's guide will teach you all you need to know to get started. From understanding the basics of real estate to finding the perfect property, this video will have everything you need to get started in this exciting and lucrative industry!
If you found this video useful, please share it with a friend! Consider subscribing to the channel for videos on investing, business, the stock market, money management, wealth creation, passive income, and other finance-related topics!
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Monetary policy, as the primary tool for central banks to manage inflation and stabilize the economy, has been the subject of considerable debate regarding its effectiveness in taming inflation and home prices. This essay aims to critically analyze the complex nature of these two economic phenomena and shed light on the challenges faced by monetary policy in mitigating their impacts. While central banks play a vital role in influencing economic conditions, several factors hinder the complete control of inflation and home prices.
Inflation Dynamics and Expectations: The role of inflation expectations cannot be understated. Even if monetary policy succeeds in momentarily lowering inflation, the underlying inflation expectations among consumers and producers can induce an inflationary bias. These expectations are shaped by factors beyond the control of monetary policy, such as fiscal policy choices, public sentiment, and global economic conditions.
Globalization and Imported Inflation: In today's interconnected world, countries are increasingly exposed to global inflationary pressures, making it harder for monetary policy to tame inflation. The importation of goods and services from countries with higher inflation rates can offset domestic monetary policy efforts. Moreover, commodity prices, including oil, are subject to global market fluctuations, which can significantly impact inflation rates.
Supply-Side Factors: The monetary policy primarily targets aggregate demand but has limited control over supply-side factors that drive inflation. Factors such as labor market conditions, productivity growth, and structural issues within the economy can affect production costs and ultimately contribute to higher prices. Unless supply-side constraints are adequately addressed, monetary policy may struggle to contain inflationary pressures.
Asset Price Inflation: The effect of monetary policy on asset prices, including home prices, is a complex and indirect process. While monetary policy can influence short-term interest rates and mortgage costs, other factors, such as demographic trends, land availability, and regulatory constraints, play significant roles in shaping housing market dynamics. Thus, monetary policy alone cannot fully control the surge in home prices.
Time Lags and Implementation Challenges: Monetary policy decisions typically operate with varying time lags before their full effect is felt in the economy. These lags, coupled with the challenge of accurately forecasting economic variables, make it difficult to time policy actions precisely. Additionally, translating policy decisions into tangible actions, such as changing interest rates or implementing regulatory measures, can encounter administrative delays and political hurdles.
Financial Intermediation and Credit Expansion: Monetary policy aims to balance the supply of credit in the economy. However, the effectiveness of such policies can be disrupted by changes in financial intermediation, such as the rise of shadow banking and non-bank lending institutions. These evolving financial systems can channel credit outside the direct control of central banks, affecting the relationship between monetary policy and inflation/home prices.
Inequality and Distributional Effects: Monetary policy maneuvers can have unintended consequences, particularly in terms of exacerbating wealth inequality. Accommodative monetary policies, such as low-interest rates, can inadvertently fuel asset price inflation, benefiting those who own assets while disadvantaging those who rely mainly on wages. Addressing such distributional effects is challenging within the purview of monetary policy alone.
Fiscal Policy and Coordination: The effectiveness of monetary policy is interlinked with fiscal policy actions. In the absence of supportive fiscal measures, monetary policy's impact may be limited. Fiscal policies, such as government spending and taxation, can influence inflationary pressures and home prices, highlighting the need for coordination between the two policy domains.
Boundaries of Central Bank Independence: Central banks' ability to design and implement optimal monetary policies can be constrained by political and institutional factors. In some instances, political pressure or conflicting goals can impede the independence of central banks, limiting their capacity to enact necessary measures to tame inflation or moderate home prices effectively.
Despite the best efforts of central banks through monetary policy, inflation and home prices remain challenging economic factors to tame completely. Numerous factors, including inflation expectations, global forces, supply-side dynamics, and complex transmission mechanisms, contribute to this challenge. Recognizing these complexities is crucial when evaluating the limitations faced by monetary policy and advocating for a comprehensive approach that includes fiscal, structural, and regulatory measures to address inflation and housing market dynamics effectively.
During WWII, the patriotic celebration on July 4th was widespread, both at home and overseas. Although it was a day of observance, troops went on fighting to protect and defend the liberties that we commemorate on Independence Day. On July 4, 1942, the first US bomber mission flown from England began. Two years later, in 1944, over 1,000 US guns fired a Fourth of July salute at German lines in Normandy, France, while the millionth Allied soldier landed on the beaches, less than one month after D-Day.
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