World Property Journal, Blog.

  Global real estate consultant JLL's latest  Property Market Monitor  research is reporting this week that Hong Kong's overall Grade A office rents further contracted in September 2020. Rents continued to contract across all major office submarkets in Hong Kong as the overall market recorded a 1.3% decrease m-o-m in September after the rents dropped 1.7% in August. Rental decline moderated compared to an average rental decline of over 2% per month in the first half. The improvement was due to COVID-19 appearing to be more contained. Rental pressure was more pronounced in the traditional core office submarkets on Hong Kong Island, where rents dropped more than 1.5% m-o-m as demand stayed weak and vacancy rates continued to increase. Overall net absorption amounted to -243,500 square feet as significant amount of space in Central came back to the market from decentralizing tenants. The vacancy rate in Central rose to 6.8% on the back of the office space previously occupied...

  According to the National Association of Home Builders' latest  55+ Housing Market Index , builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83 in the third quarter of 2020. The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor (high, average or low for traffic). "We saw 55+ buyers come out in force in the third quarter of this year, driving strong growth in sales at 55+ communities," said Harry Miller III, chairman of NAHB's 55+ Housing Industry Council. "However, shortages of key building materials are contributing to affordability concerns and delayed construction schedules, although recent declines in lumber prices offer good news....

So, you have successfully purchased your second or third rental property and are now contemplating taking your portfolio to the next level. One of the first things you need to do is make sure your property management skills are on point. Currently, you are managing your small portfolio on the back of a napkin or possibly in Excel, but serious real estate investors know that to be successful you need a system to manage all aspect of your rental investment properties. The best way to handle your portfolio and allow for growth is utilize property management software. And to that end, here is an overview of a program many world property journal   investors use:  Buildium.com . The program features include: Accounting Property accounting Company financials Online payments Receive and make payments from the application Retail cash payment PayNearMe (20,000 locations nationwide) Cash funds deposited and then updated in Buildium 1099 eFiling Business Operations Resident center Tenants...