“Storage… it’s not shopping centres, it’s not hotels, it’s not fashion, it doesn’t seem on the face of it the sexiest of products,” admits James Gibson, one of the founders of the Big Yellow Self Storage Company.It may not be sexy but the self-storage industry has bucked successive recessions.
via BBC News
Feb 6 Reuters – Citigroup Inc has agreed to pay $110 million to thousands of homeowners who were forcibly charged expensive property insurance premiums, a court filing showed, as several U.S. banks and insurers were criticized by regulators over such practices.The class-action lawsuit filed in a New York federal court involves “force-placed insurance,” which is placed by a bank or other mortgage lenders to protect their interests in a property if the homeowner’s insurance lapses.
Brenton Hayden is the CEO and founder of Renters Warehouse USA
Straightforward, I’d say. Certainly someone would be interested, but after the third call and no bites, I grew weary. Good thing I don’t believe in the three-strikes-and-you’re-out theory, since that fourth call was the catalyst behind what is now Renters Warehouse. It immediately took off and in the first year of business, we rented over 600 properties, hired new staff and made $966,803 in profit.
The effort, called the Save Detroit Project, is expected to start on April 1 and has the goal of tearing down 50 blighted/abandoned homes with resources obtained in an online crowdfunding campaign.
“We choose to save Detroit, not because it’s easy, but because it’s hard,” reads a message on Save Detroit Project’s Facebook page.“Because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win.
I started to notice recently that the utility bills were getting very expensive at my properties. Some tenants seem to be running the heat even when the temperature is in the high 60s, while others seem to be using a lot of water.
Are things really getting better? RealtyTrac recently released it’s Foreclosure Market Report for January of 2014. Unfortunately, foreclosure filings increased 8 percent since December 2013 nationwide.
via Naheed Amdani, Attorney.
Apparently, we have learned nothing over the last 8 years. Folks are actually starting to tout no and low down payment loans again. Worse yet, many consumers seem ready to follow their suggestions.
via the wasserblawg
If you’ve ever longed for real estate investing advice from the “Oracle of Omaha,” your wait is over. In his latest shareholder letter released March 1st, 2014, Warren Buffett shares the details and lessons learned on two of his real estate investments that – spoiler alert – were wildly successful.
via Real Estate Investment Advice From Warren Buffett.