SFR Vacancy, Turnover Rates Drop in Winter Months

first_img The Best Markets For Residential Property Investors 2 days ago Print This Post Demand Propels Home Prices Upward 2 days ago Tagged with: SFR Securitizations Single Family Rental Related Articles Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / SFR Vacancy, Turnover Rates Drop in Winter Months SFR Securitizations Single Family Rental 2016-02-03 Brian Honea About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, News Fewer properties with lease expirations in the winter months resulted in a general decline in vacancy rates along with strong retention rates for the month of November, according to data reported by Morningstar Credit Ratings in its December 2015 Single-Family Research: Performance Summary Covering All Morningstar Rated Securitizations.The lower percentage of lease expirations for the winter months could also be the cause of a general decline in turnover rates, according to Morningstar. Overall, delinquency rate remained low and cash flows remained sufficient to cover bond obligations despite an uptick in delinquency rate for 12 out of the 23 securitizations covered in Morningstar’s report.Morningstar publishes its performance summary in order to provide property-level data for each securitization monthly for market participants, since historical data for SFR securitizations is relatively limited. The first SFR securitization, IH 2013-SFR1 (Invitation Homes), in October 2013. Since then, issuance for SFR securitizations has surpassed $13 billion for about 100,000 homes, according to Morningstar.“The December property-level data shows performance of the single-borrower, single-family rental asset class has remained strong,” Morningstar stated in the report. “Vacancy and turnover rates have been improving and delinquency rates continue to be low and in line with Morningstar’s expectations. Monitoring the monthly performance of key metrics in both the single-borrower and multiborrower areas of the singlefamily rental asset class is important as more historical data becomes available, particularly as issuers employ different strategies in managing their securitized pools.”Delinquency rates generally ticked up among the 23 securitaztions, yet they remained low; the highest delinquency percentage for any transaction in December was 1.7 percent, for both ARP 2014-SFR1 (American Residential Properties) and PRD 2015-SFR2 (Progress Residential). Even though the ARP transaction tied for the highest delinquency rate in December, the rate of 1.7 percent was still way down from its peak of 3.0 percent reached in June 2015.Since the number of lease expirations heavily influences the vacancy rate during a given month, the vacancy rate tends to be higher when there are more lease expirations. Likewise, the fewer the lease expirations during a month, the lower the vacancy rate. Out of the 23 transactions covered in Morningstar’s report, 16 of them had fewer lease expirations in December than they had in November. The highest delinquency rate during December went to AH4R 2015-SFR1 (American Homes 4 Rent) with 8.0 percent, which was still an improvement of a full percentage point from December’s rate of 9.0 percent. PRD 2015-SFR2 reversed five consecutive months of steady increases by declining to 6.6 percent in December.Click here to view the complete Morningstar SFR Performance Summary. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago February 3, 2016 1,151 Views Previous: DS News Webcast: Thursday 2/4/2016 Next: LenderLive Welcomes New Regional Account Executive Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago SFR Vacancy, Turnover Rates Drop in Winter Months Sign up for DS News Daily last_img read more

Organisational risk of the Peter Principle

first_imgOrganisational risk of the Peter PrincipleShared from missc on 9 Dec 2014 in Personnel Today Read full article Previous Article Next Article Comments are closed.center_img Related posts:No related photos. The Peter Principle is a concept inwhich the selection of a candidate for a position is based on their performance in their current role rather than on their abilities relevant to the intended role. The business then of course running the risk of promoting someone until they are in a role in which they under-perform. How do we avoid this?From an HR perspective, the risk associated with the Peter Principle can be negated simply taking on-board the direction that an employee wishes to take their career, as opposed to promoting a staff member according to the company organisational structure only. Of course this doesn’t mean that we place less importance on the business objectives, because of course these are very important also – What it does mean that we should be using far more foresight when hiring and aiming to align someone’s key professional growth objectives with the organisational goals as much as possible.When we align an employee’s growth plan with organisational objectives, both parties stand to reap the benefits and in turn minimise risk. The employee is given the opportunity to achieve their professional goals and grow their knowledge and experience in the areas that the business requires that skill/experience which of course limits the likelihood of poor performance.Recruitment needs to become less reactionary (where possible) and more forward thinking and strategic. In doing so, employees will note that you have their best interests in mind along with other commercial interests, and this in turn – in most cases, will be reciprocated in the form of staff being engaged, driven and committed to achievement, all whilst managing potential future risk.last_img read more

Should Section Hikes Count as Legitimate Thru-Hikes?

first_imgYES: 30%It’s just a very slow thru-hike with lots of consecutive zero days.—RevLee, Wilmington, Del.I would feel the same sense of accomplishment completing a trail, section by section, as I would completing it as a legitimate thru-hike. It’s not about the miles; it’s about the smiles.—B.A., via the webAs long as each section starts exactly where the previous hike ended, then I say yes. I walked every step of the Colorado Trail that way and saw the same sites as the thru-hikers. I had to build up strength and endurance each time I started a new section.—Trip Kirk, Baltimore, Md.No: 70%A thru-hike is a continuous hike, not a bunch of day hikes strung together. The whole ethic of spending extended periods of time in the endeavor is the point—and in my opinion should be the definition of a thru-hike.—Kim Deacon, via FacebookI’ve done a fair amount of section hiking. If I ever finish the A.T., I can’t really envision describing myself as anything other than a person who has section-hiked the whole A.T. There’s a big difference between running a marathon and breaking up that distance into three-mile lengths and doing them over a long period of time.—Karl Kunkel, Hollywood, Fla.I am seven years into section hiking the A.T. When I make it to Katahdin, I will in no way consider myself a thru-hiker. A week or two versus six straight months requires completely different levels of psychological readiness.—Ben M., San Antonio, Tex.Anyone can spend 20 years hiking the whole trail in sections, but it takes a special kind of hiker to hike the whole trail at one time. Doing it in one hike means having to sacrifice everything to complete your mission.—Michael Brouillette, Austin, Tex.last_img read more

Investors bet healthcare stocks will be among the big election winners from a divided government

first_imgUnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty Images – Advertisement – (This story is for CNBC Pro subscribers only.)Healthcare stocks are emerging as some of the biggest market winners post-election as the possibility of a divided government transpires.The likelihood of a Democratic president and Republican Senate could keep the healthcare industry safe from shakeup that would otherwise happen with a progressive agenda.- Advertisement – “The Health Care sector is less threatened by major changes to current structure,” Citigroup chief U.S. equity strategist Tobias Levkovich told clients. “The lower possibility of rising regulatory zeal and unwelcome legislation plus pre-election positioning leaves Managed Care and Hospital stocks in better shape.”Shares of UnitedHealth Group are up more than 17% since Monday and Merck & Co. and Abbott Laboratories have rallied 9% and 8%, respectively, this week. Cigna, which reported better-than-expected earnings on Thursday, is up 30% since Monday, on pace for its best week since November 2008. – Advertisement –last_img read more

Igokea won BiH Cup

first_imgBasketball players of Igokea have won BiH basketball Cup, after beating BC ”Široki Wwin” with 86:81 in Laktaši.Branko Jorović was the most efficient player of Igokea with 25 scored points, and Hammonds with 23. The best player of Široki was Freemen with 23 points.In semi-finals Igokea defeated Čapljina 93:65, and Široki Wwin defeated Posušje with 105:50.last_img

Strickland’s 66 leads the Brabazon

first_img30 May 2019 Strickland’s 66 leads the Brabazon Charlie Strickland shot a bogey-free 66 to take a two-shot lead after the first round of the Brabazon Trophy at Alwoodley Golf Club, Leeds.The 20-year-old from Sussex was five-under par in tough conditions of wind and drizzle, holding tight to his score with good par saves on the final two holesHis closest challenger in the English Men’s Open Amateur Stroke Play is Cornwall’s Harry Hall on 68, while four players are grouped on two-under 69 and another six on 70.Strickland’s confidence is high after finishing third in the recent Irish Amateur and he started with a pair of birdies. “I just kicked on from there,” he said. “I missed a few chances going out, but it was really steady.”He reached the turn in three-under and added another pair of birdies on 11 and 12, holing from 25ft and 12ft. “From there I knew it was really hard coming in, so I concentrated on getting it on the fairway and on the green.“I felt there was a good score coming. I’ve been playing well, but not really carrying it through the round, so I’m happy with that,” said Strickland, from Ham Manor Golf Club.Harry Hall (West Cornwall) returned from university in the USA only on Tuesday, but after four years of crossing the Atlantic he’s learned how to dodge the jet lag.During his final year at college he won twice and he demonstrated his form at Alwoodley, collecting an eagle and three birdies alongside a couple of bogeys.But most importantly, he produced a string of solid pars at the end of the round: “It was really brutal into the wind on the last five holes and it was a solid finish,” said Hall, who got up and down from a bunker behind the 18th to complete his 68.The Yorkshire challenge is led by 16-year-old Ben Schmidt from Rotherham Golf Club. He posted two-under 69, with a strong finish of birdie, par, and shares third place.“I kept the ball in play, didn’t make any major mistakes which cost me and I had a couple of good par saves,” he said. Among them was the 13th, where he had to come out sideways from a bunker, but then got up and down from 100 yards.Schmidt, from the England boys’ squad, is playing in this event for the first time and is keen for a good result. He has plenty of inspiration from within his county: Yorkshire has provided two of the last three Brabazon champions, with Nick Poppleton winning last year and Jamie Bower in 2016.The group on 69 includes England A squad player, Jake Bolton of Ogbourne Downs in Wiltshire. He missed the cut in the recent French Amateur – but turned it to his advantage. He went straight back to his coach to refresh his swing and was hot off the blocks today with four birdies in his first five holes.“I hadn’t seen my coach for eight weeks so we tightened everything up,” said Bolton, who also switched back to his old putter after trying a new model over recent weeks. “It’s got my confidence going for the rest of the week,” he said, after signing for his 69.Also on two-under are Scotland’s James Wilson and Jake Hapgood of Wales.The best start in the championship belonged to Kent’s Cameron Lombard (Canterbury) who holed a 15ft putt for birdie on the first, then chipped in for eagle two on the second. But the finishing holes were less kind to him and he finally signed for one-over 72.Click here for full scoresImages copyright Leaderboard Photography Tags: Alwoodley Golf Club, Brabazon Trophylast_img read more

Peerless SC captures Calcutta Football League title as East Bengal grants walk over

first_imgAdvertisement 5fzdNBA Finals | Brooklyn Vsq82Wingsuit rodeo📽Sindre E933h( IG: @_aubreyfisher @imraino ) 4mWould you ever consider trying this?😱s4jCan your students do this? 🌚9oRoller skating! Powered by Firework Peerless SC are the Champions of Calcutta Football League Premier Division A in 2019. They have collected 23 points in 11 matches in the whole tournament. In the meantime, they defeated two Kolkata giants East Bengal and Mohun Bagan in the league. However, Md Sporting were able to beat Peerless SC in this season.Advertisement Today, East Bengal club management did not send their team to play the match against Customs at Kalyani. The match was supposed to be played on 29th September. However, it was not possible to play the match on that day because of poor ground condition. The match was scheduled at the home ground of East Bengal.Advertisement 29th September was the day where all the title decider matches were scheduled. Peerless SC won their respective match against George Telegraph by a margin of 2-0. Both the goals were scored by Kromah. East Bengal needed to win their last match against Customs by a margin of 7 goals. It was merely impossible and that’s why the club management of East Bengal decided to grant a walk over in the last match. They stated that their head coach Alejandro Garcia would be on leave. With this official announcement, Peerless SC won the Calcutta Football League this season.Barcelona officially announce Antonie Griezmann as their playerAdvertisement Advertisementlast_img read more

Front Street to Get Makeover in August

first_imgBy John BurtonRED BANK — A particularly problematic stretch of roadway through the borough will be getting Monmouth County’s attention beginning in August.Front Street – from its western portion in the area of English Plaza to its east section near Riverview Medical Center, across from Washington Street – is scheduled to have some rehabilitation and renovation construction work intended to make that corridor safer for pedestrian and vehicular traffic, according to William Heine, a Monmouth County spokesman.The project is scheduled to begin Monday, Aug. 6, and will take about four months to complete. It had been slated to start earlier but was delayed by gas utility work in the area, Heine said.The work has been budgeted at $634,000 and will be paid for, in part, by federal dollars, administered by the New Jersey Transportation Planning Authority, and county funds, according to Heine.The intent of the project is to standardize the width and “improve the geometry in the corridor to provide well-defined lanes in each direction,” Heine said. The work will include creating turning lanes and some additional on-street parking.Contractors are expected to install friction- and skid-resistant material along portions of the roadway and resurface the road. The area, especially near the medical center, will be constructed to comply with the American with Disabilities Act by building handicap accessible ramps. Flashing pedestrian crossing signs and slightly elevated crosswalks also will be installed, along with colored striping that should help make pedestrians more noticeable to oncoming traffic, Heine said.The project calls for curb extensions, which will narrow the roadway in spots to force vehicles to merge into single lanes, and the installation of “bulb-outs,” which Heine said are curb extensions at intersections, that will give those waiting to cross the street greater visibility.The traffic light at East Front Street and Globe Court will be upgraded to enhance traffic flow, he said.The section of the Front Street corridor, intersecting the downtown business area, has been the site for a number of collisions involving pedestrians and vehicles and with vehicles and vehicles. In April 2006 there was a fatal accident on East Front Street when a vehicle struck a Riverview employee as he crossed the road.Earlier this month, a 24-year-old Ocean resident was hit by a vehicle and suffered minor injuries as she crossed at the corner of West Front and Broad streets. The vehicle was attempting to make a left from Broad to West Front when it struck her.The driver, a 31-year-old Highlands man, was issued a summons for failing to yield to a pedestrian, according to Capt. Darren McConnell, a police spokesman.McConnell said it was appropriate for county engineers to address that portion of roadway, “because we have a high accident frequency in that whole stretch.”last_img read more

GARDENING WITH GARETH – AUTUMN LAWN CARE BLITZ!

first_imgAerating the lawn with a forkGlorious weather over the past week has seen a great boost in the growth in the garden.The lawn is growing well and the hanging baskets have seen a resurgence in flowering, and any new planted winter bedding plants have started to root in well.Seedlings of winter harvesting salads have started to shoot out the ground with the heat in the polytunnel….in fact life is good this week in the garden!Moss on lawns.And its better if you’re involved with the Letterkenny or Buncrana Tidy Towns who both performed wonderful in this years judging, Buncrana winning a Gold and Letterkenny winning Irelands Tidiest Town award, a hearty congratulations to all the folks involved in making these two towns sparkle for visitors. Our focus this week is a bit of seasonal lawn care. Any effort put into the lawn at this time of year is repaid many times over come the spring.As mentioned above the lawn is still actively growing as such we are still cutting it every week (well hopefully you are ;-)), going into October raise the cutting height of your mower, by allowing the grass a bit more leaf length the plant has a larger leaf area to photosynthesis with, this larger leaf layer is needed as the spectrum of light and the overall levels of light are decreasing as the Autumn rolls in.As leaves fall try to gather these off the lawn, this can be done with a leaf blower or by my favourite tool – The Lawnmower, I just run the lawnmower over them, this in turn chops them up and makes them suitable compost bin material.Scarifying lawn mossIf you don’t collect the leaf litter this blocks out the light to the grass, killing off the lawn in patches, or at best weakening the lawn, thus allowing more weed competition to establish in the spring. Moss control and moss prevention can be an ongoing management task for most gardeners in this area. Causal agents for moss can be (a) heavy compacted soil, (b) poor drainage, (c) Acidic soil, (d) low fertility (e) excessive rainfall (f) low light levels.The amount of treatment for moss at this time of year will of course depend on the severity of moss in your lawn, but a good first step for all lawns is to aerate the lawn with then top dress with some sharp sand (a lawn aerator is easily hired from Letterkenny Tool Hire, PRO Hire etc), this aeration lightens the compaction in the top 6” of the soil, which is the critical area for the grass to root into. Then a treatment with an Autumn lawn Feed, such as Evergreen Autumn, will help to green the lawn, kill moss and thicken the lawn for the winter.For very heavy moss problems a product such as Suphate of Iron is a really strong moss killer for the lawn. But my top bit of advice is if you have a disaster of a lawn, and you want to get it put to a standard which you can then manage and maintain yourself then call someone like Inish Landscapes – Stephen McGirr is a fully qualified green-keeper and he’ll blitz the lawn for you, and help you with a tailored management plan for it (You’ll find them on FaceBook).Removing leaves from lawnsWeeds on lawn can be off putting to some, I don’t mind clover in a lawn, and I was raised in a house where the carpet of daisy flowers was an indication that the grass needed cut but for those looking for a high quality lawn then weeds are a definitely no-no. Weed control in the late Autumn time is pointless, selective lawn weedkillers depend on the weeds actively growing, so if you want to give a blitz of the weeds before winter then you need to get some ready to use Resolva Lawn Weedkiller and zap them quick sharp!So, to summarise, your quick hit jobs for Autumn lawn care:• Raise your cutting height• Keep the lawn free of leaves and debris• Treat the moss• Aerate the lawn• Feed the lawn And when you’ve finished doing the cutting, drop your lawnmower in straight away for its service and get the blade sharpened on it.Next Week….Try something new, Grow Asparagus!Gareth AustinGareth Austin is resident Horticulturist with BBC Radio Foyle, a member of the Chartered Institute of Horticulturists and Horticultural Lecturer with the National Learning Network. For more see www.garethaustin.com or join Gareth on Twitter @GardenerGareth .GARDENING WITH GARETH – AUTUMN LAWN CARE BLITZ! was last modified: October 3rd, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Picture special: Fifth ‘Run in the Dark’ proves a huge hit in Gweedore

first_imgTHE FIFTH annual Run in the Dark was held in Gweedore at the weekend.€1,350 was raised – taking the total to €16,350 over the five years.Organisers have paid tribute to the people of Gweedore and the surrounding areas for turning out in such numbers. The Run in the Dark for the Mark Pollock Trust raises money for spinal cord injury research.Anita and David from the No Barriers Foundation introduced organisers to the robotic eksoskeleton.Thanks has been paid to sponsors Siopa Mhicí, Cois Farraige Bakers, Maple Store and Donegal Hygiene.Music in the Amharclann was provided by Lara and Kelly and a huge thanks goes out to everyone involved for making the event a huge success. Picture special: Fifth ‘Run in the Dark’ proves a huge hit in Gweedore was last modified: November 19th, 2019 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more