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How Will an Uptick in Foreclosures Affect Real Estate Markets?

Blog Contributor Business Challenges, Rental Properties 4 Comments

By Neil Goradia As of the first quarter of 2021, there were 33,699 properties with foreclosure filings in the U.S., according to ATTOM Data Solutions. That’s up 9% from the previous quarter, but down 78% from the first quarter of 2020—largely pre-pandemic. The rate of foreclosure in Colorado is less than 2%, which is historically low, however, for most of …

Who Are Today’s Landlords?

Erica Christoffer Condominiums, Establishing Your Business, Multiple-Family Properties, Property Management, Rental Properties, Working with Clients 1 Comment

By Erica Christoffer If you’re looking to get into property management, you’ll want to research your potential clients. And property owners who are considering becoming landlords will be looking for a real estate professional who’s familiar with their needs. According to a recent survey of 2,000 landlords conducted by TransUnion, 44 percent are age 34 and under and 66 percent …

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What is Your Real Estate Expertise?

Blog Contributor Classes & Education, Establishing Your Business, Helpful Tools, Professional Development, Sales & Marketing 2 Comments

By Trisha Ocona Francis Being a real estate professional is more than just helping people sell, buy, or rent property, but rather assisting them in achieving their real estate goals. One of the best ways in doing so is by narrowing down your practice of real estate to an area you know extremely well, enjoy doing, and are committed to …

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Finding Income in the Downtime

Blog Contributor Business Challenges, Working with Clients, YPN Events 4 Comments

By Jessica Hickok Although selling real estate can be a very lucrative career, there can be some downtime when listings are hard to move, ultimately casting a negative cloud over that whole lucrative career thing. That’s where residential property management can swoop in and save the day.  Property managers typically charge a monthly management fee, which is usually a percentage …