RPM Midwest » Announcements

Mortgage Rates Falling Again

admin — Fri, 03 Sep 2010 14:46:54 +0000

National Mortgage rates have fallen for 10 out of the last 11 weeks, to an all time low of 4.32% (30 year fixed) as reported by Freddie Mac. That’s the lowest rate since Freddie Mac has started tracking mortgage rates in 1971. The Cincinnati area board of Realtors says the local average has slipped 0.05% to 4.52%.

If you still can’t sell, try leasing your property.

Inc Magazine Recognizes RPM

admin — Tue, 31 Aug 2010 19:07:04 +0000

Inc Magazine names Real Property Management the 156th fastest growing private company in the nation in their August 2010 article of the top 500 companies. We are privileged and honored that the hard work of our great team is being acknowledged by such a prestigious publication. RPM has been providing leasing for single family houses and multi family apartments in Cincinnati for nearly 3 years. To see RPM’s Cincinnati leasing services or our Columbus Property Management Services, visit us at www.rpmmidwest.com.

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RPM and REMAX join in an alliance to dominate

admin — Fri, 27 Aug 2010 03:06:18 +0000

Real Estate and Property Management Leaders
Form Strategic Alliance
(Denver, CO – August 12, 2010) ‐ For the first time, a major real estate franchisor and the country’s largest property management franchisor are joining forces to assist renters,
distressed homeowners and investors. The historic alliance is a two‐way strategy that
allows industry power houses, Real Property Management (RPM) and RE/MAX, to
efficiently exchange property and client referrals.
As the housing market continues a gradual recovery, more investors are taking
advantage of a growing inventory of distressed properties, while some cautious consumers are choosing to rent a home before they buy. Through the new agreement, RPM will connect RE/MAX agents with investors ready to sell and, in turn, RE/MAX agents will recommend clients to RPM who are ready to rent. RE/MAX agents may also refer properties to RPM for management.
“Record numbers of foreclosures, high unemployment and stricter lending practices
have resulted in lower homeownership rates,” said RE/MAX Chairman and Co‐Founder
Dave Liniger during opening remarks Monday at the annual RE/MAX Broker Owner
Conference in Denver this week. “RE/MAX agents need to provide the best solution for
each of their clients and, for many, home ownership may still be a few years away.”
Distressed properties account for nearly half of today’s U.S. home sales, and
investors represent a fifth of current buyers. That means trained real estate professionals
need to redirect their marketing efforts to address the needs of a changing homebuyer
demographic.
“This cooperative agreement has significant benefits for consumers, investors, loan
servicers, renters, RE/MAX agents and our franchisees,” said Kirk McGary, President of Real Property Management. “RE/MAX and RPM are joining forces to offer the highest quality of service to consumers, while providing an effective solution to the increasing number of distressed properties on the market.”
Based in Layton, Utah, RPM doubled in size in 2010 to more than 200 offices that
manage tens of thousands of properties for national loan servicers numerous banks,
private lenders and individual investors.
RE/MAX and its internationally acclaimed RE/MAX University will create
customized training and communications programs to ensure that participating
professionals are equipped to provide their clients with the highest quality service.
“The technical capability to simultaneously connect with thousands of franchisees
within both organizations is a tremendous advantage,” said Mike Ryan, Senior Vice
President of Media and Training at RE/MAX. “Also, real‐time updates will provide
transparency and offer an invaluable resource to lenders and servicers.”
To facilitate the implementation of the new alliance and deliver the most efficient
service, RPM has created an interactive online portal where agents and property managers can make their referrals and track the progress of all transactions.

About Real Property Management:
Real Property Management has a refreshing and unique approach to property management. Our model includes web‐based property management systems, cost effective practices, streamlined operational procedures and comprehensive marketing strategies that get results. What started out in 1986 as a single property management office in Layton, Utah has become the national leader in the property management industry. Currently with over 200 locations throughout the US and Canada, RPM continues its rapid growth and is opening new locations each week. We currently manage tens of thousands of properties in over 40 different states.
For information on Real Property Management, please visit: www.realpropertymgt.com.
About The RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger. From a single office in Denver, Colorado, it has grown into a global network of nearly 100,000 Sales Associates in more than 75 countries, an international presence greater than any of its competitors. Nobody in the world sells more real estate than RE/MAX.
RE/MAX has been recognized as the leading real estate franchise in the “2009 Franchise Times Top 200,” and has also been honored as the top real estate franchise for nine of the last 11 years in “The Franchise 500 Survey,” published by Entrepreneur magazine. Today, all U.S. home listings in thousands of cities and towns can be found at www.remax.com, the most visited real estate franchise web site. (Compete.com,
Hitwise, ComScore for 6month period through April 2010)
RE/MAX is proud of its Premier Community Citizenship, which has raised over $100 million for deserving organizations like Susan G. Komen for the Cure®, Children’s Miracle Network and The Sentinels of Freedom Foundation.
For information on RE/MAX, please visit: www.remax.com or www.joinremax.com

Find rental homes in Cincinnati

Rentals to stay strong through 2017

admin — Tue, 16 Feb 2010 21:59:12 +0000

Whether you defaulted into being a landlord, or you are an investment guru, you know that the uncertainty of the real estate market can cause a lot of stress, especially with talks of deflation, widespread recession and falling home prices. As most economists will tell you, consumer spending drives the economy. Whether you believe the savings of the baby boomers caused the economy to stumble, or you believe it came from the “housing bubble” over extension of credit and investments of banks on sub-prime loans, I think we can all agree that the looming retirement age of our baby boomers, and loss of spending by the baby boomers in the coming decade will pay it’s toll on our economy.

BUT FEAR NOT INVESTORS !! While your property values will most likely to continue to deflate, you still have options. This downturn in the economy will most undoubtedly result in continued changes to banking policies, and make it more difficult to get financing for property. Coupled with the fact that the media demographic age of a renter is 26 years of age, that demographic will continue to mature, and reach this age. This will result in more renters in the market. Which means you will survive, and possibly thrive!

Rental housing spending peaks right now at median age of 26 (Dent, 2007). With that said, Dent says “(Rentals) will hold up best, as more young households will be forced to rent first, and that rental cycle is on the rise demographically into 2017”.

So, those of you stuck, unable to sell, fear not… Renting is still a great option, and with our rental services, you will be prepared weather the economic storm…

Happy Renting!

Sam Thompson

RPM Midwest

880 Alexandria Pike
Ft Thomas, Ky 41075

2720 Airport Dr
Columbus Oh 43219

Source : Harry S. Dent (2009) “The Great Depression Ahead”

Renters Beware of Rental Scams

admin — Fri, 12 Feb 2010 03:28:00 +0000

Caveat Emptor! (”Let the Renter Beware!”) With the increasing use of advertising methods such as Craigslist, scammers are out to get into your pocketbook. Scammers take real properties that are actually for rent, slash the prices to entice potential rentes to email them about the availability. Then they tell stories about how they are a homeowner who was transferred overseas, and will give you their place very cheap. They will lie to you and tell you all you have to do is wire in the deposit to a bank account somewhere outside the US, typically to countries like Nigeria, and they will send the keys and paperwork. Once you send the money, they are out gone, along with your money.
New scams, warned by the NAR’s website state:

“The National Association of REALTORS® has learned that its good name is being used as part of a property rental scam. In this scam, rental property is offered to consumers, who are led to believe that NAR is functioning as an intermediary to receive rental deposits from prospective tenants and, upon receipt of the deposit, to deliver the keys to the property to the tenant. The tenant is instructed to send money via Western Union to NAR’s purported agent. NAR is not involved in this business and believes it is a scam. NAR has contacted law enforcement officials to request that the matter be investigated. If you have encountered this scam, be advised that you may file a complaint…with the Federal Bureau of Investigation
retrieved from http://www.realtor.org/law_and_policy/scam_alert?lid=ronav0022

To find a Reputable Rental Company offering very nice properties in the Ohio area, visit our site with nice rental houses.

Real Property Management Midwest
880 Alexandria Pike
Ft. Thomas, Ky 41075
(859) 442-9600

2720 Airport Dr.
Columbus, Ohio 43219
(614) 678-5550

Foreclosures – A Sign of the Times

admin — Thu, 04 Feb 2010 22:29:24 +0000

I thought this article was interesting, and truly is a sign of the times. It was retrieved from: http://www.ajc.com/news/atlanta/lender-forecloses-on-homeless-290533.html

A new lender has foreclosed on the massive homeless shelter run by the Metro Atlanta Task Force for the Homeless, which operates at the corner of Peachtree and Pine streets in Midtown.

Bob Cramer, chairman of the board of the task force, confirmed Wednesday that they had received a foreclosure notice this week, and the group has a month to come up with more than $500,000 to pay off the overdue loans.

Cramer said the task force had been trying to renegotiate the loans it had with Mercy Housing, a nonprofit lender in Colorado, and the Institute for Community Economics, a nonprofit in Massachusetts but the nonprofits chose to sell the loans to a group called Ichthus Community Trust, which foreclosed.

“The balloon note was due over a year ago but I think it is important to note that all the interest has been paid through February,” Cramer said. “We were trying to work it out.”

The task force has been fighting with the city of Atlanta about its controversial shelter, which at time houses more than 700 homeless men.

Debi Starnes, the homeless czar for Atlanta, contends the shelter’s philosophy of sheltering men without requiring them to take steps such as entering a drug-treatment program prolongs their life on the street.

Anita Beaty, the executive director of the task force, says the shelter has helped hundreds of homeless men move on to stable lives, but she considers it inhumane to refuse a bed to someone in need.

Real Property Management Midwest
2720 Airport Dr.
Columbus, Ohio 43219

880 Alexandria Pike
Ft. Thomas, Ky 41075

4773 Glendale Milford Rd.
Cincinnati, Ohio 45242
859-442-9600

Just Announced – Fannie Mae Signs with RPM!

admin — Thu, 04 Feb 2010 04:30:54 +0000

Real Property Management received news that as soon as next week, Fannie Mae will begin parceling out properties around the nation to be rented out, and the RPM franchise has received the nations biggest contract. This program is similar to that which Real Property Management has already been working on for nearly a year with Freddie Mac. This program is designed to help keep foreclosed homeowners on their feet, and in their home. This program, announced just a couple months ago, has been in the works with RPM for nearly a year, and RPM will be looking forward to providing quality property management services in Ohio and in Kentucky.

Fannie Mae Ready to Sell Fast

admin — Tue, 12 Jan 2010 05:09:08 +0000

Fannie Mae is apparently unhappy about the thousands of REO houses it’s holding on to. It’s hedging to sell off that inventory faster than it has in the past with a new policy, which could open up fast and lucrative opportunities for buyers and their agents.

Fannie Mae says it’s going to accept purchase offers for its inventory immediately after listing, where in the past they notified lenders and mortgage service companies first.

The fifteen day time-out to these companies slowed down the whole process – which can keep properties out of reach of ready and willing buyers.

According to Fannie’s recent securities filing took on more than 98,000 properties following foreclosures in the first three quarters of 2009. During the same time, it sold about 90,000 houses.

This widening imbalance of REO acqurings vs sales, Fannie Mae was sitting with 72,000 unsold homes. This represents about a 7 percent increase from the same period in 2008.

No more fifteen day time out period for lenders whose REO we’ve selected for loan file reviews.

Investors take note!!!! Look for earlier access to REO properties, and earlier decisions on purchase offers. We have services to help you find great investment properties and professional property management services.

Snow Removal Policy

admin — Mon, 23 Nov 2009 20:01:24 +0000

Homeowners! Well, It’s that time of the year again when it gets cold and snow will (continue to) fall. We want to make you aware of our policy on snow removal.

We will be using our best judgment to minimize the cost of snow removal this winter. If at anytime we have a light dusting of snow and the weather will be warming up immediately following the snowfall, we will not be plowing or salting your property. This very situation happened several times over the last week. No walks or driveways were plowed as of yet.

We will only be plowing/salting in the case where the snow is going to stick around, or when there is substantial accumulation. In instances where we accumulate snow and the temperature appears as if it will remain below freezing, we will be plowing and then salting all plowed areas to ensure that the risk for injury to property or persons is minimized. If less than 2 inches of snow is expected, along with a freezing temperature, we will be salting only.

As with all maintenance needs, should you have any questions regarding the removal of the snow at your property this winter, please feel free to contact RPM and we will take care of your questions.