Posts by Tom Tinsley
Dos and Don’ts When Working With Buyers
This resource will help you implement the practice changes and empower you to transact business consistent with the settlement, your ethical duties, and in the best interest of consumers. It is meant to provide clarity about business practices allowed under the settlement, as well as those that are not permitted. NAR members should not engage…
Read MoreWhat is a Cistern?
A cistern is a large container or reservoir used to store water, typically rainwater, for later use. Cisterns can be located above or below ground and are often used in areas where water is scarce or unreliable, or as a way to conserve water. Key Features of a Cistern: Water Collection: Cisterns are commonly used…
Read MoreHUD Guidelines 24 CFR 206.125
HUD Guidelines 24 CFR 206.125 refers to specific regulations under the Department of Housing and Urban Development (HUD) governing the sale of properties that were secured by reverse mortgages insured by the Federal Housing Administration (FHA). This regulation comes into play when a reverse mortgage loan goes into default, or when the borrower has passed…
Read MorePost-COVID Rental Trends: How Remote Work is Changing the Rental Market
The COVID-19 pandemic has dramatically altered how people live and work, and one of the most significant shifts has been the rise of remote work. As more companies adopt flexible or permanent work-from-home policies, renters are reevaluating what they need in a home. This shift has created new trends in the rental market, and landlords…
Read MoreHow to Address Rising Utility Costs: Energy Efficiency Tips for Landlords
As utility costs continue to rise, landlords are increasingly challenged to keep their rental properties energy-efficient while maintaining tenant satisfaction. High energy bills can be a deterrent for renters, and inefficient properties may face higher vacancy rates or decreased tenant retention. By making energy-saving improvements, landlords can reduce costs, keep tenants comfortable, and increase property…
Read MorePost-Pandemic Office Space: What’s Next for Commercial Property Management?
Post-Pandemic Office Space: What’s Next for Commercial Property Management? The COVID-19 pandemic reshaped the commercial real estate landscape, with office spaces bearing the brunt of the transformation. As companies adapted to remote work, the traditional 9-to-5 office model was disrupted, leaving property managers and landlords scrambling to fill vacant spaces and reimagine how offices would…
Read MoreHow the Fed’s 50 BPS Rate Cut Impacts Property Management and Real Estate Investments
How the Fed’s 50 BPS Rate Cut Impacts Property Management and Real Estate Investments The Federal Reserve’s recent decision to cut interest rates by 50 basis points (bps) is making waves across industries. For property management companies, real estate investors, and renters, this move will influence financial decisions for months, if not years, to come.…
Read MoreCity of Hagerstown – Up to $50K Main Street Start-up Grants Available
The City of Hagerstown has developed an incentive program to revitalize vacant storefronts within the designated Main Street District, which is part of the City’s Sustainable Communities Area, and lower the barriers that may prevent entrepreneurs from opening a small business to increase their chances of success in the early stages of operation, and assist…
Read MoreNAR Settlement 2024: End of Buyer Agent Commission?
In March 2024, the NAR and major national brokerages entered into a billion-dollar settlement with the Sitzer/Burnett plaintiffs. The settlement went into effect on August 17, 2024. Buyer agent commissions are now negotiable. According to Redfin, the typical buyer agent commission has already started declining – down from 2.61% in March to 2.55% in July.…
Read MoreHow Landlords Can Leverage AI to Improve Property Management?
How Landlords Can Leverage AI to Improve Property Management The world of property management is rapidly evolving, and artificial intelligence (AI) is at the forefront of this transformation. As a landlord, incorporating AI into your property management strategy can streamline operations, enhance tenant satisfaction, and boost your bottom line. Here’s how AI can revolutionize the…
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