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Considering that Chicago Cubs fans waited more than a century to celebrate their team’s first World Series victory, after what some are already calling the greatest game in Major League Baseball history, the party is sure to last quite a few days. And if any of those long-suffering Cubs fans are looking to put a little cherry on top of their World Series sundae by buying a home in the next week, Parkside Lending has a great deal for them. …read more

From:: Real Estate Wire

Third-quarter earnings are in, and it’s looking good for Stonegate Mortgage Corporation. The lender posted that its total originations and total revenue were up and total expenses were down, making the perfect blend for a positive quarter. …read more

From:: Real Estate Wire

By Mary Girsch-Bock

You’ve just flow thousands of miles to meet with an potential new client. You were certain that you packed several sample management reports in your briefcase, but looking now, you don’t see any of them. You quickly call the office to see if one of your employees can email the report to you, but there is no answer, as you realize that the office closed several hours ago.

Maybe you’ve been going home later and later each day, as you wait yet again for the IT person to fix your crashing servers for the fifth time that week.

Your employee calls customer support for help with an issue only to be told that your software needs to be upgraded before they can provide support.

If any of these scenarios sound familiar to you, you may be ready to move your software to the cloud. Here are some of the reasons why moving to the cloud may be beneficial for your property management office:

• Increased flexibility. Remember the report example mentioned earlier? Having your software deployed via the cloud will allow you (and your employees) to access reports, move-in details, move-outs, and other information at your convenience – from anywhere with an internet connection.
• A reduction in hardware costs. Moving your software to the cloud can significantly reduce or eliminate the need for costly hardware systems.
• A reduction in IT costs. Remember those late nights waiting for IT to fix your computers? By reducing your hardware costs, you’re also reducing your IT costs as well, enabling you to funnel those costs into other more important areas of your property management business.
• Automatic software updates. You’ll never be using anything other than the most current version of the software, as the software vendor is responsible for any product updates and enhancements.
• Increased security for your files. Yes, your filing cabinets have locks, but there are also keys to those cabinets in your office. Cloud-based accounting applications typically offer better than bank level encryption, ensuring that any documents transmitted via the software product are secure.
• Moving to the cloud is environmentally friendly. For those looking to reduce their carbon footprint significantly, a move to the cloud may be in order. Instead of running servers all night long, cloud systems increase only when additional functionality is needed, going a long way towards reducing energy use in your office.

If flexibility, reduced costs, and a smaller carbon footprint are important to you, cloud computing may be the solution for your property management office.

…read more

From:: Property Management

The Terner Center for Housing Innovation released a proposal that would give tax credits to low-income renters. The proposal lays out three different structures for the new credit, and details the cost for implementation. …read more

From:: Real Estate Wire

By jgaffney@housingwire.com The recent launches of initiatives such as the Day 1 Certainty program, the student loan venture with SoFi and progress with affordable lending under the HomeReady program underpin Fannie Mae’s dedication to increase mortgage lending. Even so, you’d be hard pressed to guess the next big thing in lending. And now you don’t have to. …read more

From:: Real Estate Wire