MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | March 09, 2023
The Agency, a global real estate brokerage company, recently launched a new franchise office in Toronto West. With the new office in Toronto, the company has fourteen offices in Canada and three in Toronto. It joins the brokerage's growing network with the recent launch having more than 75 offices in the US, Mexico, Canada, Europe and the Caribbean. Industry veterans Katia Bailey, Paul Greenberg, and Steve Bailey, as Managing Partners and Matt Lionetti, Managing Director, will run the new office named The Agency Toronto West.
The company has expanded globally throughout the last year, making it one of the fastest-growing luxury boutique brokerages worldwide. The independent brokerages owned by the company are referred to and integrated as genuine global partners. Every Managing Partner, from corporate or independently-owned offices, functions as a unified, genuine global network. The Agency's global partners have access to technology, tools, leadership, marketing, training and public relations in the company's corporate offices. Within the first quarter of the current year, it launches six new offices, including the recent launch of the Toronto West office, with more on the horizon in the coming months.
The Agency's well-known brand has been featured on international television programs like Buying Beverly Hills, which premiered on Netflix on November 4, 2022, along with The Real Housewives of Beverly Hills as well as Million Dollar Listing Los Angeles. The Agency has expanded to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. Additionally, The Agency was recently ranked 21st on the RealTrends 500 list for 2022 and led the top 50 firms in average sales price by sides at $2.5 million. Additionally, the Agency was named Inman's Luxury Brokerage of the Year in 2022.
About The Agency
The Agency is a global brokerage real estate company with agent-first, tech-driven boutique luxury representing clients worldwide in various classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. The Agency adopts a collaborative business strategy, departing from the traditional brokerage model and fostering a culture of partnership in which all clients and listings are represented in a collaborative setting. The shared resources and networks of the entire global team benefit the agents and clients. It has closed over $57 billion in real estate transactions since 2011, including 70 offices in 10 countries, with its headquarters in Beverly Hills, California.
REAL ESTATE TECHNOLOGY, INVESTMENTS
PRnewswire | April 21, 2023
Jetty, the financial services company on a mission to make renting a home more affordable and accessible, announced an expanded partnership with Morgan Properties, a national real estate investment and management company with over 95,000 units across the country, to introduce their flagship product, Jetty Deposit, to Morgan Properties residents.
Morgan Properties was seeking a partner to help them attract new renters without taking on additional financial risk. Instead of offering move-in concessions, such as zero-dollar security deposits, they found a deposit alternative to be the best solution for their portfolio. With Jetty Deposit, Morgan Properties scores a win-win for both sides of the lease—their renters save meaningful cash at move-in and Morgan Properties gets increased protection against property damage or lost rent.
Rather than requiring renters to lock up their hard-earned cash in a security deposit, Jetty Deposit dramatically lowered upfront move-in costs for their renters while providing financial protection for Morgan Properties. Jetty Deposit is now available at over 300 Morgan Properties communities.
"All too often, security deposits are a financial burden for our prospective residents and can be a major hurdle to lease signing. Our team is always seeking new, innovative solutions, like Jetty's security deposit alternative, to make renting with Morgan Properties an exceptional experience," said Jason Morgan, Principal and President of Morgan Properties Special Situations. "Our partnership with Jetty helps protect our bottom line, streamline our leasing operations, and provides savings and convenience for our residents."
"Nearly 70% of U.S. renters have less than $1,000 in savings, and cash-based security deposits can put tremendous strain. That's why the largest property owners and managers in the country rely on Jetty Deposit and our suite of products to make renting a home more affordable and flexible", said Mike Rudoy, Jetty's Co-Founder and Chief Executive Officer. "Morgan Properties shares in our mission to reduce the financial barriers of renting. We couldn't be more excited to add Morgan as our latest partner in our mission."
Jetty is a financial services platform on a mission to make renting a home more affordable and accessible for everyone. Jetty offers a suite of financial products that serve the needs of renters and multifamily owners/operators: Jetty Deposit, a security deposit alternative; Jetty Rent, a flexible rent payment program; Jetty Protect, a modern renters insurance product; and Jetty Credit, a credit building service. Jetty's network of property owners and operators own and manage millions of rental units across the country. Learn more at jetty.com.
About Morgan Properties
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprising more than 350 apartment communities and over 95,000 units located in 19 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships, and proven operational expertise. Learn more about Morgan Properties at morganproperties.com.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
PRweb | April 13, 2023
Specialist rental accounting and management platform, Landlord Studio has announced the launch of a fully-automated expense management solution for real estate investors, ensuring they never miss another deductible expense.
The new functionality enables Landlord Studio users to fully automate previously time-consuming and error-prone accounting tasks. The app now imports their bank transactions in near real-time and automatically matches them to scanned receipts before categorizing them properly, which radically improves accounting accuracy.
Staying on top of expenses is key to running a profitable investment portfolio - whether you have one or 100 units. By doing away with manual data entry Landlord Studio makes keeping accurate and up-to-date financial records easy, giving investors complete oversight of their finances throughout the financial year.
When paired with Landlord Studio’s real estate specific reports, such as the Schedule E report (Form 1040), the new app enables investors to both reduce their end-of-year accounting task list and file a more accurate tax return. As a result, investors that use Landlord Studio are able to find more than $500 per property each year in additional deductions, whilst simultaneously saving hours or even days of admin time.
Charles Chan, CEO of Landlord Studio said, “This new bank feeds technology sets the standard for income and expense management and is proving to be hugely popular with landlords in all markets. It radically simplifies the process of tracking expenses and is integrated with Xero, to make tax time super easy for accountants too.”
About Landlord Studio
Landlord Studio is a leading provider of income and expense management technology for ‘DIY’ landlords with between one and 20 investment properties. In business since 2014, Landlord Studio is used to manage more than 40,000+ properties across the US and UK and is growing fast thanks to its full suite of property management functionality that includes online rent payment, Xero integration, tenant screening and property maintenance.