RentWire

ARTICLES

  • New York claims real estate brokers made $21 million through illegal Airbnb rentals

    Sues Metropolitan Property Group for allegedly violating short-term rental laws
    A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the city’s short-term rental laws, the city claims in a new lawsuit. According to the city, Metropolitan Property Group, its owners, and others were repeatedly warned to stop violating the city’s short-term rental laws, but chose to continue to do so, earning more than $21 million in illegal revenue from Airbnb.
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  • MRI Software acquires Rental History Reports and Trusted Employees

    Real estate software provider grows multifamily business
    Real estate software provider MRI Software is expanding its business by acquiring Rental History Reports and Trusted Employees, a provider of applicant screening platforms that focuses on the multifamily real estate industry and corporate employers, the company announced recently.
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  • Nation's largest single-family rental owners offer rent relief to unpaid federal workers

    Become latest to give affected workers a break
    American Homes 4 Rent, FirstKey Homes, Front Yard Residential, Invitation Homes, Progress Residential, and Tricon American Homes are offering the option of deferring their rent payment with no late fees to any of their residents who are among the approximately 800,000 federal workers who are either furloughed or working without pay because of the federal government shutdown.
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  • Democrats move to prevent foreclosures, evictions on unpaid federal workers

    22 Democrats introduce legislation to protect federal workers
    There are approximately 800,000 federal workers who are either furloughed or working without pay thanks to the government shutdown. The FHA has already asked the mortgage industry to help those workers with their mortgages, but a group of nearly two dozen congressional Democrats want more protection than that.
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  • NRP Group rolling out multifamily property management services

    In-house services now available to third parties
    The NRP Group, a developer, builder, and manager of multifamily housing, is set to begin offering its property management services to third parties. NRP Group announced this week that it is rolling out NRP Management, which will allow other multifamily developers and property managers to use NRP Group’s property management services.
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  • Survey: Most multifamily mortgage originators expect another record year in 2019

    MBA survey shows originators see more sunshine in the future
    The most recent data from the MBA showed that commercial and multifamily lending hit an all-time high in 2017, and the MBA’s latest forecast suggested that 2018 would likely be another record year for commercial and multifamily lending. And a newly released survey of commercial and multifamily originators shows that most firms expect to see that trend continue in 2019.
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  • Freddie Mac set all-time record for multifamily security issuance in 2018

    GSE issued more multifamily securities than ever before
    Freddie Mac continued its record-setting ways in the multifamily business in 2018, establishing a new record for multifamily security issuance for the second year in a row. According to the government-sponsored enterprise, it issued $72.8 billion in multifamily securities in 2018, breaking its 2017 record of $68 billion.
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