Wednesday, May 17, 2017

Experts expecting surge in demand for luxury senior housing

Demand for high-end senior housing is poised to take off, according to a recent article in National Real Estate Investor.

Charles Bissell, managing director of valuation and advisory services with commercial real estate services firm JLL, based in Richardson, Texas said,

“It is a strong sector right now, and it really all goes back to the health of the economy and the health of the housing market. When seniors have the ability to sell their houses and generate significant proceeds from those sales, they are a lot more bullish about going into a luxury community.”

[You can read the full article here.]

One REIT that I like in this sector is LTC Properties, Inc. (LTC). The company builds and now operates more than 200 seniors housing and health care properties across the U.S.  

For the first quarter of 2017, the company reported income of 78 cents per share, which was in line with analysts’ expectations.

I bought shares of LTC in Sept. 2014 for $39. They’re now selling for about $47. Over the past 52 weeks, prices have ranged from $43-$54. But with a 4.82% yield, plus the upcoming demand for their product, I don’t mind waiting for a comeback.

Until next time,


Tuesday, May 16, 2017

You’re on Medicaid? Get to the end of the line!

A new study found that Medicaid patients have slightly longer waits at medical appointments than those with private insurance.

Friday, May 12, 2017

Double-dipper nabbed!

I wrote about Section 8 housing In What You Must Know BEFORE Becoming a Greedy Landlord. And I gave some of the advantages and disadvantages to consider before you jump into that market.

This landlord in Miami allegedly found a way to make even more money off his Section 8 rentals … easy but not one I’d recommend.  

Friday, May 5, 2017

Where to buy …and where NOT to buy … your next rental

Despite rising prices throughout the country, investors are still finding attractive places to buy single-family rental properties. And this article from National Real Estate Investor tells you where. 

Monday, April 24, 2017

Solid returns for landlords expected in 2017

Report shows that single-family rentals should continue to give investors strong returns in many parts of the country.

Wednesday, April 19, 2017

Would your tenants hide damage from you?

A survey in the UK found that 27% of tenants wouldn’t tell their landlords about major damage to their rental properties. And most would opt to repair it themselves.

It would be interesting to see a similar survey in the U.S. because my experience is not that favorable.

App offers better way renters can connect with landlords

According to its developers, this app can improve cash flow, save time, and keep tenants happy. 

Click here to read all about it. 

Monday, March 13, 2017

What kind of insurance do landlords need?

In What You Must Know BEFORE Becoming a Greedy Landlord I wrote that you should let your insurance company know that you are renting out your property. I also said that a good umbrella liability insurance policy can protect you even better if you have several properties.

Here is a helpful article that further explains insurance for landlords.

Tuesday, February 28, 2017

Why landlords should watch for pot growers ...

“… keep an eye out for tell-tale signs that your rental is being used as a cannabis farm. A home used as a cannabis farm can cause devastating damage to a property and can lead to a voided insurance policy. Think I’m being paranoid?

“There have been cases where ceilings and walls have been knocked through, as well as houses ruined by water damage and fires. 

“On top of financial costs, you could face legal action if it can be proven that you were aware of criminal activities or received money, including rent, as a result of illegal drug activity.”

And I provided a few ideas on what to look for. 

Click here for an example of a Canadian landlord who has paid a hefty price and wishes he had acted sooner.   

Tuesday, February 21, 2017

One of the perils of being a landlord

Pair killed landlord, lived with her body 2 weeks.
Click here for the full story. 

Monday, February 6, 2017

Hearing from the locals ...

Stopping by a small barbershop in Havana gave me a chance to hear from the locals about the economic issues they face and what they think of our new president.