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A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994.
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| | “Dedicate yourself to a core set of values. Without them, you will never be able to find personal fulfillment, and you will never be able to lead effectively.”
Kenneth Chenault, former CEO of American Express
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| | What Does It Mean To Be An Ethical Landlord?
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An ethical landlord is someone who adheres to a set of moral principles and values that guide their actions and decisions when it comes to managing rental properties. These principles are centered around providing safe, comfortable, and habitable living conditions for tenants, as well as treating them with fairness and respect.
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| | | News Headlines From Around The USA
NARPM Pushes Back on Federal Rent Control
WILMOTH Group and our officers are members of the National Association of Residential Property Managers (NARPM).
On May 31, 2023, the Federal Housing Finance Agency (FHFA) published a request for input (RFI) on tenant protections for rental properties backed by the federal government, i.e., the Government Sponsored Enterprises (GSEs), or Fannie Mae and Freddie Mac). The RFI announced by the FHFA extends beyond "egregious rent increases" and seeks comments on how the agency can impose regulations on government-backed rental properties. This move includes policies relating to source of funds, communication times, rent increases, causes for eviction, and more.
In response, NARPM members provided over 300 comments.
In addition, NARPM joined a number of other real estate organizations in offering initial comments as well as a follow-up letter specifically geared toward the issue of rent control.
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| | Why WILMOTH? Thorough Documentation Of Move-In Conditions
The tenant move in process allows us to make every effort to demonstrate and document the condition of your property. We also stress to all owners that a home should first be in move-in condition so this process is one of demonstrating and not documenting.
Nevertheless, there are likely to be items found during the move-in.
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| | | Find Your Next Investment!
Check out our current list of Central Indiana investment opportunities!
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