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American Apartment Rents Climb Over 4%, the Fastest Rate Since 2007 Crisis
Rent in apartments and condos saw a greater increase than any year since 2007, presenting increased profit opportunity for landlords, but also new concerns about affordability for renters. According to a recent survey from independent real estate researcher Reis, average rental rates across the nation rose a staggering 4.6% in 2015 — the most significant uptick since the mid-2010's recession. In the current market, an average monthly apartment rent is approximately ...
Read MoreIs Your Property Ready for a Long, Cold Winter?
In New York, New Jersey, Pennsylvania, and Delaware, the long winter has just begun. As we move out of fall into the heart of winter, it’s a good time to start thinking about winterizing your property or properties. As property managers, asset managers, developers, and brokers, we here at New Vistas Corporation understand the importance of maintaining a property for the season. Below are the most important winter maintenance projects. ...
Read More4 Summer Rental Tips for Property Owners
With spring already in full swing, many rental property owners are starting to look ahead to the upcoming vacation season. Summer -- the busiest rental season -- is just around the corner. It’s time to dust off those linens and prepare for the make-or-break time of year. For property owners looking for new levels of success in 2016, here are the top four summer rental business tips to follow. Take Fresh Pictures Studies ...
Read MoreInvesting in Commercial Real Estate
Most real estate investors begin their careers with residential investments and slowly move on to commercial properties. Commercial properties tend to be more lucrative to invest in, but the process is also more complicated. While residential investing is fairly straightforward, commercial investing requires an altogether different skill set, a more aggressive strategy, and a greater awareness of the economic and social trends that could affect your investment. Economic trends come in ...
Read MoreMeet the Real Estate Partner Next Door
For the past 30 years, New Vistas Corporation has been leading the real estate industry in the Tri-State Area with our all-inclusive property management services and unparalleled customer service. NVC is a fully bonded and insured New Jersey based real estate development and management company. We have offices in Northfield and Woodbridge, New Jersey. Experience the difference in your real estate, development and management needs with New Vistas Corporation. Our ...
Read MoreQuestions to Ask a Commercial Real Estate Asset Manager
There’s no doubt about the value asset managers offer to commercial property owners, but all asset managers are not created equal. The following are the basic questions any property owner should be asking an asset manager before investing in their services. Why should I trust you? Common social courtesy demands that you wouldn’t ask the question this bluntly, but this is more or less what you’re trying to figure out. Trust is ...
Read MoreExpanding Your Portfolio in the Golden Age of Rentals
In the wake of 2008's financial crisis, more and more Americans — from fresh-out-of-the-nest Millennials to young professionals with new families to established adults — are choosing renting over property ownership. This trend is true of commercial as well as residential properties, and it’s supported by solid fundamentals. The Trulia Report A February 2016 study from online real estate giant Trulia supports this trend, with the data showing a 5% increase in the ...
Read MoreProperty Management Tips for Tenant Satisfaction
Keeping tenant satisfaction high may be the biggest factor in successful property management. Attracting new tenants and filling vacancies are valuable skills, and both are inevitable necessities, but keeping current tenants happy and in place is the most efficient way to generate the kind of return on investment you’re looking for as a property investor. Unfortunately for many property managers, keeping renters satisfied proves to be harder than expected. If you ...
Read MoreReal Estate Investing in 2016: What You Need to Know
With the economy gradually strengthening in its recovery from the 2008 housing crash, more and more people are confidently investing in real estate again. The lure of exponential returns has helped real estate quickly regain its popularity among investors, but the same old risks are still there. If you didn’t learn the lesson in 2008, property investing can be a fairly volatile venture. Here are a few suggestions that will help ...
Read MoreFour New Year’s Resolutions Property Managers Can Keep
The New Year is a time for reflecting on the past as well as looking forward. As property managers, we're always searching for ways to improve our services and make life easier for our clients. That's why today we’d like to share four New Year's resolutions that any property manager should keep. Investing in What Matters Whether managing a single-site or a large portfolio, property managers must focus on services that increase ...
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