WE SECURE VACANT PROPERTY
D.A.W.G.S. (Door And Window Guard Systems) manufactures and rents attractive steel panels (Door and Window Guards) used to cover door and window openings on vacant buildings. Our vacant property security solutions eliminate break-ins and many of the other problems associated with vacant property.
Property investors, property managers, housing authorities rehabbers and real estate professionals trust D.A.W.G.S. to keep their vacant properties secure.
Vacant Property Break-Ins Rise as Temperatures Fall
Break-ins are something no one wants to think about happening to them. But home invasions and vacant property break-ins do happen quite frequently. Many property owners think that all they can do is use a security system, but the truth is there are many ways to protect your property. An unsecured vacant property is especially vulnerable to break-ins, squatters, material theft, and a host of criminal activities. These hazards are year-round threats, however, during the winter months, sub-zero temperatures can bring new concerns for unsecured vacant and abandoned properties.
Winter Woes for Vacant Property
- More Break-Ins and Squatters: As temperatures plunge, more individuals will seek refuge from the bitter elements in unsecured vacant and abandoned properties.
- Increased Risk of Fires: When the mercury drops, the risk of fires in vacant properties rises as squatters increasingly build fires to ward off the cold.
- More Criminal Activity: As the rate of uninvited inhabitants in unsecured vacant properties increases in the winter months, so does the rate of crime in abandoned buildings. Drug offenses, violent crimes, and theft of building materials and tools are more prevalent in unsecured vacant properties in freezing temperatures than in mild conditions.
So what is the solution for abandoned houses and other vacant property during the cold winter months? Protect your vacant properties from the winter woes with DAWGS Steel Door and Window Guards. DAWGS provides unmatched security and managed access to the property.
Useful Tips for Vacant Property Security
Do things that will discourage or ward off a break-in. Install motion sensor lights near the garage and all other main doors. That way, someone won’t be able to get near the vacant property without tripping a light. Things like timed lights can also be helpful in creating the illusion of people inhabiting your vacant property. Use DAWGS Steel Door to guard any entrances to the vacant property. If you have windows on a ground floor, you may want to consider using Window Guards on them for added deterrence. If you can, set up wireless surveillance cameras or hire a security company so that you can check in on what’s going on in and around your property any time you want. Avoid storing any valuable items, tools, or machinery and moving in any expensive appliances until you are ready to move in to or sell your vacant property.
Keep in mind the difference between vacant and unoccupied when determining how to protect your property from break-ins and other vandalism during the winter months. Many vacant and abandoned properties will require long-term protection while owners are rehabbing the interior or exterior or planning their next moves. However, you may also want to consider DAWGS Door and Window Guards for the short-term protection of your unoccupied property during the cold winter months when your property is more vulnerable to break-ins and other crimes.
Extended Trips Away or Moving
If you are taking an extended trip away from your home or other property, you may want to look into more sturdy solutions for preventing break-ins. Vacant properties and homes that are unoccupied, even for a couple of months, can quickly become a target for break-ins and vandalism. If you’re away for an extended period of time, or are trying to sell your home but have already moved, it’s important to keep the place secured. Installing window security guards as well as a door guard system can help do just that. Without a method to get in easily, many potential criminals will simply pick somewhere else.
During the winter months, falling temperatures and other hazardous weather conditions lead to a rise in break-ins and other criminal activity for unsecured unoccupied homes and other vacant and abandoned properties. You can add security against winter break-ins and crimes and protect your vacant property with DAWGS Steel Door and Window Guards.
The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has faltered, rates have risen to their highest point in nearly eight years, and favor has started to shift from seller to buyer.
Will these trends continue? Will housing experience the same wild ride in the new year? Here’s what experts predict will happen in 2019 real estate market:
Mortgage rates will continue rising.
“Despite steady climbing for the past two years, mortgage rates remain lower than they were during most of the recession and below average for the type of strong economic growth we’ve been experiencing. That will change in 2019, as the 30-year, fixed rate mortgage reaches 5.8% — territory not seen since the dark days of 2008 when rates were racing downward in response to the housing crisis.” — Aaron Terrazas, director of economic research for Zillow
Millennials will keep buying homes — despite those rising rates.
“The housing market in 2019 will be characterized by continued rising mortgage rates and surging millennial demand. Rising rates, by making housing less affordable, will likely deter certain potential homebuyers from the market. On the other hand, the largest cohort of millennials will be turning 29 next year, entering peak household formation and home-buying age, and contributing to the increase in first-time buyer demand.” — Odeta Kushi, senior economist for First American
“Millennials will continue to make up the largest segment of buyers next year, accounting for 45% of mortgages, compared to 17% of Boomers, and 37% of Gen Xers. While first-time buyers will struggle next year, older Millennial move-up buyers will have more options in the mid-to upper-tier price point and will make up the majority of Millennials who close in 2019. Looking forward, 2020 is expected to be the peak Millennial home buying year with the largest cohort of millennials turning 30 years old. Millennials are also likely to make up the largest share of home buyers for the next decade as their housing needs adjust over time.” — Danielle Hale, chief economist for Realtor.com
Link to original article: [Source: www.forbes.com]
Goodbye 2018, hello 2019! Bisnow spoke with several industry execs, researchers and economists to uncover the major trends expected to dominate the commercial real estate industry in the coming year. From the rise of opportunity zones to a slowdown in industrial absorption, these are 18 trends experts forecast for 2019.
1. Opportunity Zones Craze To Persist
As investors await finalized guidance from the Department of the Treasury and the IRS regarding the Opportunity Zone program, the hunt is on for assets and investment opportunities in these designated areas that present the strongest upside potential. Investors are lining up to pour billions into Opportunity Zone Funds, with a report from Real Capital Analytics stating there is more than $6 trillion in unrealized capital gains eligible to be deployed into opportunity zones. While the program was created through the passing of the Tax Cuts and Jobs Act last year to drive economic development in underserved communities in exchange for a hefty tax break, research reveals many of the census tracts classified as opportunity zones have already attracted a substantial amount of investment prior to the launch of the new federal program. Critics of the program worry it will accelerate investment in areas already experiencing a surge in development activity, leading to a convergence of investment into burgeoning neighborhoods already in high demand, and a lack of investment in otherwise blighted communities.
2. Industrial Boom To Continue Thanks To High Demand From E-Commerce Players, Though A Few Headwinds May Surface
Industrial real estate demand soared to new heights this year, and CBRE Head of Industrial Research David Egan expects more of the same in 2019. “I think the market has outperformed this year, at least from user activity. There has been a general expectation for a number of years that this can’t continue, and it turns out that hasn’t been true. We have a massive amount of demand on the market for logistics properties of all types; obviously the Class-A big-bulk warehouses are what get most of the attention, but the demand is very broad-based and extending all the way down to secondary and tertiary markets,” he said. “My expectation in 2019 is that we should see more or less of the same dynamic.” Net absorption resulting from e-commerce growth is expected to average between 75M SF and 94M SF, same as this year, according to CBRE’s 2019 Outlook report, and a lack of new supply has driven vacancy levels down to 4.3%, a historic low. “Based on the demand that we’re seeing from the e-commerce sector — as well as from traditional brick-and-mortar retailers that are entering or expanding in the online space — we can fully expect that e-commerce will continue to drive the market next year,” Bridge Development Partners President Anthony Pricco said. “This is especially true for infill sites proximate to the major population centers. While the rising costs of land and construction could be viewed as emerging market headwinds, the upside of industrial development is still exceptionally strong, as rents have been appreciating at an even faster pace.” Egan told Bisnow he would not be surprised if net absorption tapered off in 2019 due to new supply not keeping pace with robust demand levels. “You can only absorb what’s available,” he said. “While we expect to see supply-demand relatively in check, those growth metrics will still be positive.”
Read full article [Source: www.bisnow.com]
That’s the prediction from an increasing number of experts. The chance of recession was raised from 19% to 23% by the CNBCFed Survey as of 12/18/2018. (https://www.cnbc.com/2018/12/18/cnbc-fed-survey-chance-of-recession-rises-to-23percent.html)
One of the metrics used to determine overall expectations of the economy’s future health and growth is the yield curves of treasury bonds. The expectation in a growing economy is that a longer-term bond, like a 5-year bond, would pay more than a shorter-term bond, like a 3-year bond. This is one of the principles of economic progress: we expect the economy to be better in a year than it is currently.
However, the yield curve between 3 and 5-year treasuries inverted at the beginning of December. The 7 and 10-year treasuries have been approaching inversion all year. This means investors expect the economy to be in a worse position in the long term (5-years) relative to the short term (3-years).
Yield curve inversions have preceded all seven of the previous recessions. The good news is that not all of these inversions immediately preceded recessions. The inversion for the most recent recession from 2007-2009 happened in 2005, about two full years before the point when experts commonly agree that the Great Recession started.
The bad news: this likely means a recession is coming in the next few years. The good news: we still have time to prepare for it.
In the world of real estate investments, a recession is not as bad as it is to the general economy. Some things we should expect from a recession:
- Decreasing home values
- Increased foreclosure
- Increase in the % of renters
- Decrease in the number of home buyers entering the market
- Interest rate decreases as the Fed tries to stabilize the economy, and drive borrowing and spending
All of these can be helpful to a real estate investor looking to expand their portfolio. House prices will be lower, there will be increased supply, and a decrease in competition from owner occupied buyers.
Hopefully, this means open season for investors who are struggling with finding a deal that works for them.
However, keep in mind that financing options might change in the coming years during and following the recession. During the recession, from 2007-2009 and in the years since, banks tightened their requirements for lending, especially on investor properties. This is part of what lead to the rise of private lenders since about 2008-2010. I expect this to happen again during the coming recession.
This recession will not be the death of private lenders, but there is a shift coming. Plenty of investors currently work with small, local private lenders. This is a great strategy currently, because returns are high for both the investor and the private lender, while the risk is comparatively low. However, expect many of these private lenders to leave the industry or leave the market, as their risk will rise during the next recession. Some of their existing loans may go unpaid, and many of them may lose the liquidity of constantly making loans. If they have a $3M portfolio they can lend out, and three $200k loans go bad, they’ve likely lost their profit for the year. It becomes much riskier for them to continue business. Many of these lenders operate in the market in order to leverage funds for retirement.
Overall the coming recession means more deal options, but fewer financing options in the coming years. The good news, is that private lending will not die. The bad news is that it will go through a metamorphosis.
Lenders like RCN Capital will still be able to make loans during that time frame, and we won’t have the same restrictions that banks will.
Currently, RCN lends on 1-4 family non-owner-occupied properties, 5+ unit apartment buildings, condos, townhomes, and mixed-use properties. For a full view of the programs RCN can offer, you can view them all at this link: https://www.rcncapital.com/loan-programs/
RCN’s interest rates, closing costs, and leverage will adapt to a new market, but business will stay the same in concept.
In the spirit of preparation, reach out to private lenders now. Form the relationship with a private lender that will allow you to keep your business operating during a downturn. If RCN is a good fit for your business, you can reach out to me to get started, but if we’re not, still make sure to reach out to another lender who works better for your business.
*Article sponsored and written by RCN – https://www.rcncapital.com/
Rising mortgage rates will set the scene for the housing market in 2019. They will affect everyone, driving up costs for home buyers and creating more demand for rentals. Even current homeowners could start to feel locked into their mortgage rates.
Here’s a snapshot of 2019 Housing Market Predictions:
- Mortgage affordability takes a hit
- Rents reverse course
- Commutes get worse
- Natural disasters claim a record number of homes
- Home value growth slows
Read Full Article [Source: www.zillow.com]
It is a favorite hobby of many to watch house-flipping shows on television. You get to see everyday folks turning the worst-looking properties into beautiful homes that many people would pay top dollar for. Something about the glamour and drama of renovation just makes good television. But that’s all it really is — good television. In reality, property flipping is not as picture perfect as it seems.
Members of Forbes Real Estate Council were asked about the most common misconceptions of property flipping. If you’re in the market for a flip, consider these factors first.
Read Full Article: [Source: www.Forbes.com]
What’s the Real Estate Market Outlook for 2019?
It’s complicated. In the course of compiling its annual Emerging Trends report, the Urban Land Institute found that the onlycertainty in its outlook for 2019 was uncertainty. Expert analysis points to a more complex, multi-layered series of overlapping trends, with unpredictable results, as opposed to a few strong narratives.
Will technology offer more opportunity and enhance competition and efficiency, or help consolidate the industry and drive out smaller players? How will shifts in demographics and shopping patterns challenge current investment practices? Will the U.S. ever get a grip on its housing affordability issues?
The report, a joint project of ULI and PricewaterhouseCoopers researchers unveiled during its fall meeting in Boston this afternoon, considered the responses of more than 750 real estate professionals in creating an high-level overview of the trends it believes will impact the real estate world. While the report expects an overall economic slowdown next year, emerging trends and markets in flux that could provide new opportunities.
Discover the broad trends and innovations expected to shape the real estate industry in 2019.
Read Full Article [Source: www.curbed.com]
Buying Vacant Property
When it comes to a vacant property, beauty is often in the eye of the beholder. For neighbors, vacant properties may represent an eyesore. For savvy investors, on the other hand, a vacant property can represent a unique opportunity to land a deal. Even the most experienced investors often do not have experience working with vacant properties; however, if you know what to look for, this strategy might just land you some impressive deals.
What Is A Vacant Property And Why Should I Invest In One?
A vacant property is exactly that: vacant. The property is abandoned, and no one lives in it anymore. They can often be spotted by overgrown yards, notices on the windows, or damage to the outside of the house. In most situations involving a vacant property, the owner is separated from the home and no longer performs regular maintenance, hence the name vacant property.
The reason most investors do not go after vacant houses is not that they don’t offer unique opportunities (they do), but because more often than not investors are unaware of the scope of benefits associated with the strategy. Knowing how to invest in a vacant property can often give a leg up to investors, especially those operating within competitive markets.
Tips for Investing in Abandoned and Vacant Property
When it comes to buying vacant property, the first thing to note is that a vacant property has the potential to encounter a few more problems than usual. Since the property is sitting vacant, there may be damage from bugs, mice, or even vandalism. While these issues could create a small speed bump for your investment deal, they should instead be thought of as factors that would increase the likelihood of a sale from the owner’s point of view.
Similarly, vacant properties, like any, demand upkeep. They may fall victim to a number of issues simply by sitting untouched over a given period of time. Depending on the amount of time a property has been vacant, sellers may not even realize how much upkeep should be going into the home. For those wondering how to buy a vacant property, consider the seller’s motivation: they may be ready to part ways with the home because of their current holding costs.
Find out what you need to know to successfully invest in and profit from turning vacant properties.
Investing in vacant properties can offer a variety of benefits for savvy real estate investors. Searching for vacant properties is a great way to expand your efforts with unconventional forms of real estate investing, while still employing tactics you would use in your everyday business. You may have to spend a little more time searching for the properties and their owners, but if a vacant property deal goes as planned, you may find success using this investing strategy.
Read Full Article [Source: www.fortunebuilders.com]
Buying a foreclosed home is not like the typical home purchase. In many cases:
- Only one real estate agent is involved.
- The seller wants a preapproval letter from a lender before accepting an offer.
- There is little, if any, room for negotiation.
- The home is sold as-is, and it’s up to the buyer to pay for repairs.
On the upside, most bank-owned homes are vacant, which can speed up the process of moving in.
“Buying a foreclosure is definitely a bit of a grind. It’s not easy,” says Robert Jensen, broker and president of the Rob Jensen Co. in Las Vegas. “You’re getting fantastic pricing, but sometimes it takes going through a lot of houses and writing a lot of offers to get the home you want.”
Read Full Article [Source: www.bankrate.com]
The outlook for the single-family rentals (SFR) sector remains positive, even though deal volume is expected to remain slow according to a recent SFR Comprehensive Surveillance Report by Kroll Bond Rating Agency (KBRA).
The agency recently completed a comprehensive surveillance review of its rated universe of 22 outstanding single-borrower SFR securitization and upgraded the ratings for five of the securities issued in connection with Colony Starwood Homes that merged with Invitation Homes in 2017.
The report, which gives a detailed overview of the sector as well as the SFR securitization rated by KBRA, indicated that while the SFR rental rates have steadily increased since its issuance of the first single borrower SFR securitization in 2013, vacancy rates of the 22 outstanding securitization under KBRA have averaged 4.4 percent, a decrease from 5.1 percent last year.
“The future demand for single-family rental housing will continue to be driven by the affordability of rents relative to homeownership costs as well as the availability of mortgage financing,” KBRA said in its report. Additionally, the low unemployment rate in the current economic cycle has had a favorable impact on the SFR market.
Read Full Article [Source: www.dsnews.com]