News Alerts, Sept. 1, 2013, Evening Edition, 3 New Articles, Real Estate +, Don't Miss Them

Linking ≠ endorsement. Enjoy and share:

  1. Time to Buy Retail Properties? | Retail content from National Real Estate Investor

    "…happy days are near again."

    [By] Michael Bull. Aug. 22, 2013

    The retail sector may have lagged behind its commercial real estate cousins during the economic recovery, but that is changing. In fact, with just shy of $10 billion in retail property investment sales in first quarter 2013, it would appear that happy days are near again.

    Real estate always cycles, and buying at the beginning of recovery has historically been the best time to buy. So is it time to buy retail? With prices below replacement costs in many areas, NOIs [Net Operating Income] improving and interest rates favorable, I say yes.

    Read the source article … http://nreionline.com/retail/time-buy-re tail-properties


  2. Real Estate ETFs: The Party is Over

    The pessimist cites some of his reasons:

    Written by Keith Jurow, Capital Preservation Real Estate Report

    Chairman Ben Bernanke finally warned us that the QE 3 party is coming to an end. All fixed income securities dropped and interest rates spiked.

    Shares of all the mortgage REITs also plunged in price. In the second issue of my Capital Preservation Real Estate Report, I had warned that this decline in share prices was likely to occur.

    As of August 19, share prices of many mortgage REITs are down by 35-50%. Investors are hoping that the worst is over. Let me assure you that the collapse is far from over.

    Last year, Simon purchased nearly $5 billion in commercial real estate and its holdings exceeded $34 billion by year end.

    SPG is heavily leveraged and was paying 5.33% on its fixed rate debt of $20.8 billion, but investors did not seem to care. They were desperate for yields that exceeded US Treasury securities and the SPG dividend did just that.

    By May of this year, the SPG share price had climbed to 182 even though net income per share dropped to $0.91 in the first quarter from $2.18 a year earlier. How can such a sky-high P/E ratio be justified? It cannot.

    We remember that Keith Jurow said that interest-rate resets higher would crash the system by now. The fact that it hasn't happened doesn't prove that everything is sweetness and light within.

    It's obvious the global economy is still reeling. The Fed's moves, for one, in the not-too-distant future will have a great deal to do with whether it topples sooner than later or at all.

    Read the source article … http://econintersect.com/b2evolution/blo g3.php/2013/08/27/real-estat e-etfs-the-party-is-over


  3. Cash for Keys Program: Should Landlords Pay Renters to Leave?

    What's your experience been using this technique?

    What is Cash for Keys?

    The idea behind cash for keys is to provide an incentive for tenants who can no longer pay rent to move out by a certain date, then receive a cash reward from the landlord. While it seems counterintuitive to pay tenants who cannot pay rent, many landlords are finding that the program actually costs less than filing fees, attorney fees and lack of rent payments during the eviction process, which can drag on for a month or longer.

    Read the source article … http://www.rentprep.com/cash-for-keys-pr ogram-pay-renters-leave/


If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.

Subscribe