Small Business Strategies & Ideas That Work!Business Know-how Blog.

  SIGN UP ON AMAZON WEDDING LIST NOW AND EARN GREAT COMMISSION According to new predictions by the Mortgage Bankers Association, U.S. commercial and multifamily mortgage bankers are expected to close $486 billion of loans backed by income-producing properties in 2021, an 11 percent increase from 2020's estimated volume of $440 billion. Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to rise to $323 billion in 2021 - a 7 percent increase from last year's estimated total of $302 billion. MBA anticipates additional increases in lending volumes in 2022, with activity rising to $539 billion in commercial/multifamily mortgage bankers originations and $358 billion in total multifamily lending. "The COVID-19 pandemic took a heavy toll on commercial and multifamily property sales and mortgage originations in 2020," said Jamie Woodwell, MBA's Vice President for Commercial Real Estate R...

An important part of being a Property Manager is effectively managing your  rental properties . In today’s digital era, Property Managers & Home owners have access to some of the best property management software programs out there, making the  Buildium  a Property Management Software more streamlined than ever. SIGN UP ON AMAZON WEDDING LIST NOW If you’re looking to upgrade to a new Property management software or planning to use an online property management software for the first time, this article will explain what property management software program is best suited for your needs. Who is Buildium property management software for? Online property management software  Buildium  is well suited for Real Estate Investors, Property Managers & Home Owners who own or manage rental real estate and want to streamline the process of managing a single rental property or multiple rental units. Buildium  offers credit and background checks, online maintenanc...

  So, you have successfully purchased your second or third rental property and are now contemplating taking your portfolio to the next level. One of the first things you need to do is make sure your property management skills are on point. Currently, you are managing your small portfolio on the back of a napkin or possibly in Excel, but serious real estate investors know that to be successful you need a system to manage all aspect of your rental investment properties. SIGN UP ON AMAZON WEDDING LIST NOW The best way to handle your portfolio and allow for growth is utilize property management software. And to that end, here is an overview of a program many Landlord code investors use:  Buildium.com . The program features include: Accounting Property accounting Company financials Online payments Receive and make payments from the application Retail cash payment PayNearMe (20,000 locations nationwide) Cash funds deposited and then updated in Buildium 1099 eFiling Business Ope...

    Based on new housing data by Zillow, Latin homeownership gains in recent years have far exceeded those of other groups. About 18% of the U.S. population identifies as Latin, yet they have accounted for more than 60% of new U.S. homeowner gains over the past decade. That growth has brought the Latin homeownership rate to 48.9%, the highest level since 2008. SIGN UP ON AMAZON WEDDING LIST NOW This growth is even more striking when considered in the context of the housing bust during the Great Recession, when Latin households took a disproportionately large blow. Less than 10% of all U.S. homes are in largely Latin communities, yet 19.4% of all homes foreclosed upon between 2007 and 2015 were in these neighborhoods. After gains in the 1990s and early 2000s, this contributed to the Latin homeownership rate falling to 44.1% in 2015 -- the lowest since 1998. "While Latin households have made recent gains in ownership, longstanding inequities in intergenerational wealth and other...

  Gen Zers are finally starting to break into the housing market. According to TransUnion, Gen Z mortgage originations jumped 84% at the end of last year, and if recent survey data from Freddie Mac rings true, those numbers should grow substantially over the coming years.  SIGN UP ON AMAZON WEDDING LIST NOW The GSE’s Generation Z Study shows that of Gen Zers — the cohort ranging in age from 8 to 23 — a whopping 89% plan to buy a home by age 30.  But where will that demand hit? A look at the top 15 cities for 2020 Gen Z homebuyers gives us an idea: 1. Salt Lake City According to loan marketplace LendingTree, about 8.5% of all mortgage quote requests in Salt Lake City come from Gen Zers. The average age of those shoppers? Just over 21. 2. Oklahoma City The capital of Oklahoma comes in as the second-most popular city for Generation Z homebuyers. It’s no wonder why, either. The average home price is in the area is just under $153,000, making it affordable ...

   Top 10 U.S. Home Buying Trends for 2021 Revealed In this elongated era of COVID-19, Zillow has just announced the TOP 10 housing trends to watch for in 2021 to adjust to living in this environment for the foreseeable future. Zillow’s top housing trends of 2021 include: ‘Zoom Rooms’ A Zillow survey found a desire for a home with a dedicated office tops the list of reasons why Americans working from home say they would consider a move, if they were to continue working remotely at least occasionally. In 2021, people will receive more clarity from their employers about the ability to telecommute moving forward, which could trigger a move to a home with more space.  And, as people tire of working from a kitchen table, they will be wanting a more permanent — and quiet — solution for their at-home desk. As of November, the number of listings mentioned “home office” or “Zoom room” increased by 48.5% compared to the same time last year. Pennsylvania home builder Berks Home...