Property Management Updates from the Front Lines – July 9, 2020
In this issue: June sales and lease data released by HAR Should I buy right now? Office doors locked again and new videos coming soon Just when we thought we were getting out of the woods, the reality of COVID-19 has pulled us back in. The greater Houston area is statistically the worst it has […]
6/5 Market Update
No landlord ever wants to be in the position of filing an eviction and going through the court process. There are things you can do to prevent evicting a tenant. A proper screening process will help. You need to have a good policy and adhere to it. At Advantage Asset Management, we do a full […]
Property Management Updates from the Front Lines – June 12, 2020
In this issue: May sales and lease data released by HAR Trends AAM has started seeing Rent Rescue Insurance on Hold New Videos Posted Here we are in mid-June, and the Houston area feels like July weather-wise and a semblance of May lease-wise. The economy has opened up substantially since the beginning of May, but […]
Property Management Updates from the Front Lines – May 14, 2020
In this issue: April sales and lease data released by HAR Eviction court returns, but with important changes Property Investors, Another interesting week as folks start to slowly get back to work, back to restaurants (allowing 25% capacity in Texas currently), and back to international travel…well maybe not the last one yet. In the […]
Property Management Updates from the Front Lines – May 1, 2020
Well, we made it through the month. The first full month of a shut down economy is now behind us. In the last 6 weeks, the US has seen over 30 million jobless claims, an estimated reduction in first quarter GDP of 4.8%, and stock market and oil price swings that most never thought even […]
4/22 Market Discussion
No landlord ever wants to be in the position of filing an eviction and going through the court process. There are things you can do to prevent evicting a tenant. A proper screening process will help. You need to have a good policy and adhere to it. At Advantage Asset Management, we do a full […]
Front Lines – April 23, 2020
Just when we thought things couldn’t get any crazier, the markets once again proved us completely wrong. How exciting (both negative and positive) has this week been?! Monday, April 20 was the most tumultuous day in oil and gas history. Ever. Short term crude oil prices literally went negative. Being in the energy capital of […]
Front Lines – April 17, 2020
April 17, 2020 Photo courtesy of CNN Another week, and another tally of over 5 million unemployment claims, bringing the total over the last month to around 22 million. That is an almost unfathomable 13.5% of the workforce…in just the last 30 days! While I write, we also have oil below $20 per barrel and […]
Front Lines April 9, 2020
April 9, 2020 We are now more than a week into April, and the reality of rent payments, or lack thereof, is setting in. Today is the day we pay out all of our property owners who have houses that received rental payments. Normally, we are at a 5% delinquency rate at this point. Today, […]
Front Lines April 2, 2020
Property Management – Updates from the Front Lines April 2, 2020 A little over a week has gone by since my last post, and already a lot has changed. Nearly 10 million people have newly filed jobless claims, a $2 trillion stimulus package has been signed, and the CDC says things will get worse in the […]