REAL ESTATE TECHNOLOGY

Altavation Offers On-Demand Drone Imaging for Real Estate In the United States

Altavation | April 20, 2021

Altavation is a leading aerial photography company in the United States, with collaborations with several of the country's top real estate firms. Drone photography captures stunning landscape views, memorable indoor images, and highlights the most spectacular exterior features of the residence. Altavation is the marketing technique that real estate brokers are aiming for to increase revenue and boost the online experience of their clients.

Altavation is available across the country, real estate agents can conveniently order this service from their online website. Altavation is both affordable and easily accessible, with premiums beginning at just $9.50 and a media return rate of 72 hours at the most. Drone photography not only promises elegance and unparalleled value, but it also outperforms all other forms of competition.

Altavation utilizes fully FAA-licensed and insured pilots who adhere to all regulatory standards while flying while also providing the highest quality aerial media.

The services provided by Altavation are incomparable to traditional photography and videography services. Drone imaging is a "game-changer" that would transform the future of competition in the national real estate market.

Spotlight

The recent explosion of the tech sector has led to increasing competition between countries and cities.

Spotlight

The recent explosion of the tech sector has led to increasing competition between countries and cities.

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REAL ESTATE INVESTMENT

Mission Rock Residential Adds Baltimore Apartment Community to Growing Management Portfolio

Mission Rock Residential | May 06, 2022

Mission Rock Residential, LLC, a Denver-based multifamily property management company, is pleased to announce its newest management contract for The Tala at Washington Hill Apartments in Baltimore, Maryland. The apartments were formerly operated under the name of Jefferson Square at Washington Hill. Mission Rock was issued the management deal by Hamilton Zanze Real Estate Investments. The Tala at Washington Hill is another wonderful fit for the Mission Rock portfolio. The community is in a vibrant neighborhood in downtown Baltimore, and we are excited to provide the current and future residents with our award-winning property management service." Meredith Wright, CPM, CAPS, President of Mission Rock Residential The community offers 304 apartment homes and is located in Downtown Baltimore, near Johns Hopkins Hospital. The Tala at Washington Hill includes studio, one and two -bedroom apartment homes, each with a luxury feel thanks to high ceilings and state-of-the-art appliances. Residents will enjoy being conveniently located in the heart of Downtown, an onsite dog park, a resort-style swimming pool, and two courtyards with grilling stations and water features. The community is also home to retail shops, restaurants, and a bank, all located on the ground floor of the building. The Tala at Washington Hill is situated in the highly desired Washington Hill neighborhood and is just minutes from the Fells Point, Canton, and Harbor East neighborhoods, all known for their trendy events and retail offerings. Highway 40, which runs east to west, and I-95 which runs north to south, are also close by for easy commuter travel around the metro area. Baltimore is the largest city in Maryland with lots of cultural and historical attractions. It's best known for its historical sites, including the George Washington monument. The area has a strong economy made up of universities, healthcare facilities, retail companies, and government entities. Johns Hopkins University and Hospital, the Social Security Administration, and Centers for Medicaid and Medicare are just a few of the most notable employers in the area. About Mission Rock Residential Mission Rock Residential was established in 2012. The company now manages 167 multifamily properties and more than 31,000 residential units across the United States. With more than 700 full time team members, the company is headquartered in Denver, Colorado with regional offices in Phoenix and Atlanta. The company was also named one of the Best Places to Work by the National Apartment Association in 2021.

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REAL ESTATE TECHNOLOGY

letus Announces Strategic Partnership with MRI Software to Expand Flexible Rent to Commercial and Residential Real Estate

letus (previously RentMoola) | June 02, 2022

Furthering efforts to help renters balance their paychecks and landlords to collect rent on time, letus (previously RentMoola), an award-winning FinTech platform, announces its partnership with MRI Software, a global leader in real estate technology. The partnership enables commercial and residential real estate companies to streamline the payments process and offer an innovative, flexible payment experience for customers. MRI's partnership with letus will give our Canadian community of renters and landlords easier access to a world-class payments platform. The integration will enable flexible payments, which can be a key differentiator in today's market." Sean Slack, VP of Partner Connect at MRI letus integrates with MRI LivingTM residential management suite and MRI @WorkTM commercial management suite of products to improve the payment experience by reducing manual entry to increase reliability and security. MRI clients now enjoy enhanced experiences through: Streamlined experience with MRI Resident Connect and Tenant Connect Real-time transaction reconciliation Flexible payments and credit reporting to increase credit scores Automated SMS messaging and payments via TXT2PAY Auto-schedule synchronizations The partnership is a step forward in delivering comprehensive and simple solutions that empower landlords to get real-time transaction information while providing flexible payment solutions to customers. Now, MRI clients can access more payment options, financial tools, enhanced communication, and more. "Modern property management requires real-time management," shares Karthik Manimozhi, CEO of letus. "This integration brings ultimate convenience to landlords, providing them automation and data-driven insight to provide value to their tenants." About letus A disruptive cloud platform offering flexible rent payments with credit reporting that empowers renters to better balance their paychecks while landlords achieve predictable and scalable on-time revenue streams. letus has processed $2Billion transactions with 2Million+ individual transactions. About MRI Software A leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses.

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REAL ESTATE ADVICE

Redfin Reports Demand For Vacation Homes Is Now Below Pre-Pandemic Levels

Redfin | June 27, 2022

Demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from a revised rate of 3% above pre-pandemic levels a month earlier, and 70% above pre-pandemic levels a year earlier. Demand for second homes is declining due to high home prices, mortgage rates that have rapidly risen to nearly 6% and a slumping stock market–factors that are also cooling the rest of the housing market. Another deterrent to second-home buyers is the fact that the federal government increased loan fees for second homes in April, adding roughly $13,500 to the cost of purchasing a $400,000 home. Skyrocketing monthly payments, along with higher loan fees, have priced many second-home buyers out of the market. Many would-be second-home buyers are also deterred by turmoil in the stock markets, high inflation and recession fears, and they can be quicker to pull back from the market because vacation homes aren’t a necessity the way primary homes are. The cooldown in the second-home market is likely to continue as long as mortgage rates are elevated and the stock market is slumping.” Taylor Marr,Redfin Deputy Chief Economist The drop in vacation-home demand marks a drastic change from the second half of 2020 and 2021, when mortgage-rate locks for second homes skyrocketed due to record-low mortgage rates and the flexibility to work from anywhere thanks to remote work. Demand peaked in March 2021, when it was about 90% above pre-pandemic levels. Interest in vacation homes started declining sharply in February as mortgage rates began their ascent. The average 30-year fixed mortgage rate reached 5.81% in the week ending June 23. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

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