Archives for October 2017

Airbnb, a short-term rental startup, plans to overcome its disputes with cities over short-term leasing by building its own apartment buildings.
The company plans to build a 324-unit apartment building near Walt Disney World Resorts in Kissimmee, Fla., and says it plans to build more in the near future.
The first building in Florida will be called Niido Powered by Airbnb and will open in early 2018.
Tenants will be able to rent out their units for up to 180 nights every year. Tenants will have access to an app to manage guest stays remotely, oversee check-ins, and arrange for cleaning and linens services. Tenants who rent out their apartments on Airbnb will share revenues with their landlord. Tenants keep about 75 percent of the revenue they bring in from renting it out.
“This partnership shows how landlords, developers, and Airbnb can work together to create value for everyone and better serve tenants,” Jaja Jackson, Airbnb’s director of global multifamily housing partnerships told CNNMoney.
Airbnb has encountered critics in several cities recently that have argued its service is turning some apartments and homes into unofficial hotels. By building its own apartment, Newgard CEO Harvey Hernandez, the developer of the building, says he hopes it’ll eliminate “barriers by encouraging home sharing and creating solutions that work for everyone.”
Airbnb says it is planning a series of developments to support its home-sharing model. The firm plans to first target the southeastern U.S. and then expand to markets like Nashville, Charleston, and cities in Texas, Hernandez told CNNMoney.
By: Official Magazine of the National Association of  REALTORS®
Click here to view source article.

“I have always liked real estate; farmland, pastureland, timberland and city property. I have had experience with all of them. I guess I just naturally like ‘the good Earth,’ the foundation of all our wealth.” — Jesse Jones, entrepreneur
Real estate investors and buyers alike have always had an affinity for land. There is just something about land that draws in savvy investors. Whether it’s the innate, territorial tendencies we have deep within or the simple magnetism of connecting with nature in a world increasingly becoming cluttered with high rises and highways, our instincts are doing what they do best, pointing us in the right direction!
Whether its amber waves of grain or purple mountain majesties, land continues to prove be one of the most profitable long-term investments from sea to shining sea. The USDA’s 2017 Land Values Summary released in August shows that since 2010 average farm real estate values have increased 43 percent and average cropland real estate values have increased 51 percent—that’s quite a return on investment! Especially when you compare that to the average 13 percent return on the stock market since 2010*. It’s no wonder smart investors are flocking to invest in the land real estate market.


In fact, the 2017 REALTORS® Land Institute Land Markets Survey shows that out of all buyers in land transactions, there was a five percent increase in those who were investors in just one year from 2015 to 2016. With so many different types of land to choose from when investing and so many different ways to invest in land, the possibilities are almost endless. If you aren’t sure where to start, just keep reading.
Hopefully by now I have your attention and you are no doubt wondering “why is land real estate such a hot investment?” There are a lot variables that can be mentioned here but the simple answer is best summed up by Mark Twain as “Buy land, they’re not making it anymore.” Compared to other investments, land can be purchased relatively cheap if you find a motivated seller. Being a limited resource and non-depreciable, it’s a fairly safe asset when looking for a solid return on a long-term investment.

For those looking to invest in land real estate to diversify their portfolio, buy a property to retire on, or just get in on the action, there are a lot of great resources out there. Just keep in mind that when investing in land real estate, it is crucial to consult a professional with the experience and knowledge necessary to conduct these kinds of transactions. Land is a whole different animal than residential or commercial real estate and there are agents out there who dedicate themselves to being experts in this field. The REALTORS® Land Institute offers investors an easy to use search tool to find a qualified local agent called Find A Land Consultant, check it out and get started!
*Data on average stock market prices since 2010 pulled from thebalance.com’s piece 20 Years of Stock Market Returns, by Calendar Year.
By: Jessa Friedrich (REALTORS Land Institute)
Click here to view source article.

NAR supports tax reform that helps as many people as possible but the framework that’s being discussed on Capitol Hill raises concerns because of its impact on middle-income homeowners. More in the latest Voice for Real Estate news video from NAR. Other topics covered in the video include 1031 exchanges, the best remodeling projects from a resale standpoint, and what to do after a natural disaster strikes to keep transactions on track.
By: National Association of REALTORS®
Click here to view source article.

CARNM’s overarching focus is on job growth in New Mexico, and we have supported this focus with two outstanding successes this year – the Albuquerque Sick Leave Ordinance defeat and the US-China Business Matchmaking Summit.
Last week, CARNM joined RANM, GAAR, and NAIOP in sponsoring the first US-China Business Matchmaking Summit in New Mexico. The Summit was held at the Convention Center here in Albuquerque.  Because of our premier sponsorship, REALTORS® had an opportunity to develop business relationships with over 100 Chinese investors who may be interested in pursuing a variety of partnerships in New Mexico.
At least 20 Memorandums of Understanding were signed as a result of the Summit!
Thank you for your continued support in CARNM’s goal to support economic and job growth in our state.