US landlords run out of money because of the law prohibiting eviction of tenants

Loss of income, many Americans are unable to pay their rent. However, the deportation ban keeps them from being evicted. This pushed homeowners into running out of money.

According to CNN, within 30 years, Maral Boyadjian built a real estate empire comprising 8 rental homes in Southern California. “Some people spend money to buy bigger houses, better cars or travel. We live very frugally,” she said. “We put all our money together to buy more houses for rent,” Ms. Boyadjian added.

In the past, rent helped a couple to earn income and cover all expenses. But for the past several months, tenants in three of their properties in the San Fernando Valley have been unable to pay rent. The couple was also unable to evict them because of the state ban.

Out of the three tenants, one has arranged to pay 25% of the amount. Mrs. Boyadjian revealed that the tenant made her feel comforted. By the very least, they were also trying to pay some money. However, the others have not paid since August.

Until now, Ms. Boyadjian still has to fulfill obligations such as paying property taxes and insurance money. Not only that, she also has to pay the gardener and the pool maintenance staff.

Renters are increasingly desperate as the Covid-19 pandemic continues, unemployment remains high, government subsidies are exhausted, and the US bipartisan cannot agree on an additional stimulus package.

According to Census data from the Center for Budget Priority and Policy, an estimated 9.2 million renters lose income because of the pandemic. The Federal Reserve Bank of Philadelphia report shows that unemployed renters will owe an average of $ 5,400 in December.

Under the Centers for Disease Control and Prevention’s (CDC) national deportation ban, homeowners will be affected when rent falls and cannot evict tenants from paying.

According to consulting firm Stout, after the CDC ban expires, about 5 million tenants across the country will be evicted in January. Another 14 million households are also at risk. Mr. Howard advocates giving money directly to landlords or giving money to tenants to pay rent.

Household homes make up 50% of rental housing. Many of the homeowners rely on rental income to cover costs.

Mr. Gray’s company manages a house with a plumbing problem. The company spent $ 38,000 on repairs, but the landlord didn’t pay the bill.

Homeowners’ income decreased, while property wear and tear increased. However, this year, many maintenance plans were delayed or canceled because the landlord ran out of money.

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The dream villa costs $23 million in Hawaii

Seven years ago, businesswoman Claudia Huntington completed a dream house in Hawaii. Now, she sells this property for $ 23 million.

As a child, Claudia Huntington used to travel with her parents to Hawaii. But the family is always in the hotel. When she was married and had children, and became a portfolio manager at Capital Group, she decided to rent a house. Then, Mrs. Huntington thought to herself: “Why not try to build the dream house?”

Then, she and her husband Marshall Miller spent $ 8 million to buy a more than 8,000 square meter plot of land in the Mauna Kea Resort. From here you can see the golf course leading to the sea.

The house was completed in 2013. “Everything is perfect. We canoe and swim here. It’s like a dream,” she said. However, 7 years later, Ms. Huntington sold the house for $ 22.9 million.

The house design is inspired by the island of Tahiti, where Mrs. Huntington used to live as a child.

The house is divided into 7 separate compartments. The largest compartment has an open kitchen and the living area is clad in teak, Hawaiian hardwood and rosewood.

Another room includes the master bedroom, study area, living area and outdoor bath.

The other two compartments have two bedrooms, two bathrooms and two outdoor bathrooms. Each living area also has its living room. “What we want is flexibility,” said Ms. Huntington.

The house also has a separate floating kitchen, surrounded by glass. “Honestly, it took us quite a lot of money to build the house,” she admitted. Much of the furniture is designed specifically for the home and is already included in the selling price.

Huntington’s family and friends enjoy the house over the years. Her son was also married there. Mrs. Huntington plans to live here after her retirement this past September. However, now, she has to live in San Antonio because of housework. “The house needs a companion, someone who can continue to enjoy it,” said Ms. Huntington.

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The trend of locking and opening the house on the smartphone

Currently, digital keys are quite popular, and it is likely that physical keys will soon go into the past due to the trend of applying smart keys to many fields, including real estate.

Apple claims that the next version of iOS will allow users to add digital car keys to their iPhone phones and Apple watches, allowing users to unlock and even start their cars.

As the Covid-19 pandemic made social distance an important factor in staying healthy, real estate managers and owners were forced to find new ways to ensure the safety of the community. fellow residents. The digital smart key is the optimal solution to this problem.

Connection to the management system

One of the biggest advantages of the smart key system is that it can grant remote access in real time, even scheduling when the device is locked or unlocked. To be able to control locks in real time, your locks need to be connected online to a central system.

A smart digital key system consists of more elements than replacing a few key-locks. To really take advantage of a modern system, you need access points connected to your personal management system (e.g. iPhone’s iCloud) at doors and common area.

You should connect these access points to an asset automation platform that integrates with your existing asset management software, automating the process of verifying information with the right authorized people.

Real estate management

The smart key has the advantage of being safe and convenient. This type of lock eliminates the risk of losing or duplicating physical keys. There are also many other benefits of the smart digital key system that you can take advantage of.

Here are the three areas where smart keys make managing your real estate safer and easier:


Because modern digital lock systems connect to personal management systems, it’s easy to keep track of who is entering and leaving your property. Not only is this a useful security feature, but it also makes scheduling tests or maintenance much simpler when people are away from home and it saves a lot of time.

The smart key allows you to monitor real-time as residents leave and then allows maintenance personnel to come in to perform necessary repairs while they’re away.

Real Estate Tours

With the help of the smart key, the property manager can schedule the tour at any time, instead of being forced to wait and open according to the salesman’s schedule.

This gives potential tenants more flexibility, allowing them to go wherever they want to see. It also helps employees not waste time waiting when managing real estate is absent. By using a smart key system, managers can be alerted when someone visits the property.


Residents or managers can create a one-time or recurring key that allows people to deliver packages, food, and other items inside the lobby, garage, or even specific areas. This helps to protect residents’ packages from damage or theft without any direct contact.

A smart digital key is more than just a regular key installed on a smartphone. It opens up a wide range of property management possibilities.

The digital lock system helps residents and employees connect securely, because phones are always in our hands. A person can unlock their smartphone about 150 times per day. So why not use these devices to open the door of your house?

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Neighbors were angry because Beckham built a lake in the village

Approved by local authorities to build a lake in the Cotswolds village, the Beckhams still met many complaints from people around.

On September 27, according to The Sun, the Beckhams have reached agreements with the local authorities, promoting the construction of a 6 million pound villa (about 7.7 million USD) in the Cotswolds village.

As noted by the British newspaper, tons of land was transported to the village. Although agreeing to let the former British player build the lake, the government requires the work to be completed within 6 months (from August to February next year), to protect the birds nest.

This information caused the Beckham couple to get criticized, both online and in real life. According to the people nearby, the continuous implementation of the project leaves them in a state of noise pollution.

On social networks, it is possible that workers working for the Beck couple have to quit their jobs for 6 months, if the lake is not completed on schedule.

When he moved to the Cotswolds estate, Beck renovated many things and was said to disrupt the peaceful atmosphere of the countryside.

Michael Douglas – a local resident – sent an email to the authorities expressing concern that Beckham was building too many things in this village.

“What they want is to turn the countryside into the suburbs. Why don’t they find real estate big enough to hold these things, instead of bothering others,” said Douglas.

During the period of social separation, the Beckhams spent a lot of time in the Cotswolds countryside. This is not the first time Beckham has angered people. When asking for gates, partying in the countryside, the paparazzi that surrounded the Costwolds were also said to be disturbed by surrounding people.

On the other hand, two famous stars become housewives when they continuously guide their children in baking and cooking. On September 28, Victoria Beckham posted on her daughter’s personal page of apple pie baking results.

The father of 4 also often shows off his achievements in the kitchen. At the end of August, Beck proudly posted on his personal page the image of Harper’s daughter wearing a scarf and an apron to prepare a meal.

Harper is said to have a cooking talent from his father. Before that, Beckham learned to cook Italian food while competing at AC Milan (2010), and joined a French cooking class while playing for Paris Saint-Germain (2013).

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In the midst of the epidemic, which countries are the most searched for in the world?

According to a Knight Frank survey, after witnessing the heavy effects of the Covid-19 epidemic on the socio-economy, home seekers around the world consider England, Spain and France to be First choice for migration planning wishing to have better housing and health care facilities if you fall ill.

Specifically, research firm Knight Frank said the survey was conducted in June with 700 participants are individuals looking to buy real estate in 44 countries around the world. The survey was conducted to find out and analyze buyers’ attitudes towards the real estate market under the Covid-19 epidemic.

The results show that the top 3 countries most interested in by world real estate buyers are the UK with 30% of the votes, Spain with 17% and France with 9%. The Top 3 holds a fairly far distance from the group of 13 adjacent countries, with the number of votes ranging from 2-4%. While not all have been seen as successful models of pandemic control, these countries are still seen as having effective health care systems.

It is quite interesting that while the UK has received the attention of homebuyers around the world, people in this country tend to increase their search for real estate abroad for relaxation or preparation plan in the future.

The survey also shows that real estate buyers are now more likely to search for accommodation with larger areas and more garden space. The long-term effects of isolation, distance, and working from home make many people realize the important role of outdoor spaces.

“Covid-19 has fundamentally changed the way we live every day,” said Kate Everett-Allen, Knight Frank’s Head of International Housing Market Research. Now the home is at the center of all of our activities, including working, exercising, learning, socializing and relaxing. The changes will certainly have a great impact on the real estate market worldwide.

However, Knight Frank also revealed that only 25% of those surveyed said they were likely to move within or outside the country within the next 12 months. About 23% said they were less likely to migrate, while 52% said they would continue to stay in their current place, not migrate.

For those looking to buy new real estate in preparation for a migration plan, the need to upgrade accommodation is a major driver of the migration decision, whether moving to another part of the country or abroad. Access to health care services better than current residence is the second most highly recommended criterion.

Meanwhile, countries like Germany, Austria, Greece, United Arab Emirates, Singapore and New Zealand are expected to attract second home seekers in the near future. This audience attaches great importance to the way governments effectively handled the Covid-19 crisis, helping to prevent pandemic outbreaks.

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7 things to be successful in real estate business (Part 2)

Real estate starts not with money, but with opportunity and ability

It is a fact that few people know that the importance of real estate is not money but the value of opportunity and capacity. In fact, the great giants in the real estate industry often spend very little money when participating in a real estate deal, maybe not even spend a penny, but they still own the game by their ability to seize their own opportunities as well as the ability to raise capital.

Real estate allows us to take advantage of good financial leverage

If you are in another business such as selling fashion shops, you come to the bank to borrow 1 billion to do business, certainly not easy at all. But if you buy a property, you go to the bank to borrow 1 billion to buy this property.

The bank will ask the value of that property, you answer about 3 billion, when you hear your answer, the bank will ask you again: “Do you want to increase your loan limit from 1 billion to 2 billion is not?” If you can prove that your income is able to repay the loan, then you only need to spend 30% of the initial amount, the remaining 70% of the bank is ready to lend you when they have reviewed the repayment ability and appraised. That real estate.

Real estate is where the rich increase their wealth

A billionaire said: “All the way to Rome, all the rich are collecting and accumulating real estate for themselves”. Why? Because all rich people are aware that real estate is the way that helps them achieve sustainable financial freedom and quickly multiply their wealth by many times.

Real estate everyone’s game

In my 8 years in the rental house business, meeting and cooperating with hundreds of landlords across the country, I found that many entrepreneurs have been successful. They used to be an equal in the real estate business. Therefore, I believe that with trust and perseverance willing to learn the practical business knowledge and experience of successful people, anyone can create financial freedom and give yourself with real estate.

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7 things to be successful in real estate business (Part 1)

Real estate is a specific commodity in the market. It is very different from all other commodities. To be successful in real estate investment and business, you need to equip yourself with the basic knowledge base to avoid unfortunate mistakes, sometimes paying billions.

More than 8 years involved in the real estate business, and managing thousands of rental products including rooms for rent, serviced apartments, hotels, offices in many major cities across the country. 

Real estate is a unique and rare commodity

In other general goods, you can own two identical phones, two identical chairs and tables. But not in real estate and this is the reason that real estate becomes a unique commodity in the eyes of business people. On the other hand, the earth cannot expand while the population is constantly growing, making real estate become a rare commodity.

Real estate has two games: Cash flow and capital interest

Real estate has two games in itself: Cash flow – capital interest (simply understood as leasing – buying and selling). In the market, many speculators only focus on capital gains by buying a piece of land and waiting for it to rise in price unlucky. Successful investors play both of these games. And give priority to buying real estate capable of generating cash flow, capable of renting.

Real estate cash flow is never ending

As mentioned, real estate has two games about cash flow and capital return. With the game of capital gains, it depends a lot on market factors. When real estate freezes, it will obviously become a difficult commodity to consume. But when the market is hot, real estate becomes a hot product.

In terms of cash flow, in markets with great demand for rental, this demand is continuous, the number of immigrants in these big cities is always increasing, so the demand for accommodation is huge.  So the cash flow game (real estate for rent) is a sustainable game and has no end.

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Announced the world’s top largest real estate brands

The world brand valuation organization (Brand Finance) has just announced the list of the top 25 most valuable real estate enterprises in the world.

Accordingly, among the 25 brands ranked the world’s most valuable, China accounts for 20/25 brands. Notably, the first 10 positions in this ranking also belong to the most populous country in the world today, including brands such as: Evergrande Group, Country Garden, Vanke, Greenland, Poly Development.

This is the second consecutive year that Evergrande Group ranks first in ranking of the most valuable real estate brands with total assets estimated at 20.4 billion USD, up 26% over the previous year. The group was established in 1996 and is headquartered in Guangdong province. This is the second largest real estate developer in China by revenue, mainly providing products for the mid-end and high-end segments.

Based on factors such as equity, business performance, marketing … research firm Brand Finance also evaluated Evergrande Group as the strongest real estate brand in the world. Of the 5 most valuable real estate brands outside of China, the US contributes 3 brands. The remainder is equally divided between Japan and the United Arab Emirates (UAE).

In which, Emaar Properties is the brand with the largest value with 2.7 billion USD. The group currently accounts for a third of real estate transactions in Dubai and continues to increase its brand value by participating in the development of large-scale projects such as the world’s largest shopping mall, the tall Burj Khalifa in the world, Beijing Daxing International Airport... 

According to Brand Finance, the growth in production and business activities of strong national brands is the result of the Government’s implementation of the National Brand Program since 2003.

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Dubai real estate receives huge investment

According to the Dubai Housing Authority (DLD), the real estate market here still sees huge value transactions in the first half of 2020 despite the effects of the Covid-19 pandemic.

The figures show that the real estate sector in Dubai is gradually returning to normal. This has been driven by stimulus packages and initiatives launched by the government and departments over the past few months.

Reports say there are a total of 22,779 property purchase procedures conducted in the first six months of the year, totaling approximately $ 20 billion.

Dubai tiếp tục dẫn đầu thị trường địa ốc UAE

Regarding land mortgage registration , some outstanding transactions in quarter of /2020 can be listed as Hadaeq Sheikh Mohammed bin Rashid area with the value of 85 million USD; Me’aisem First with a value of about 30 million USD or Jabal Ali with a value of 29 million USD.

Regarding registration of selling various properties including land, condominiums and other real estate assets in quarter 1 of 2020, Al Merkadh topped with 631 transactions; followed by Dubai Marina with 515 transactions and Al Barsha South Fourth ranked third with 430 transactions.

Regarding investment, the report stated that in the first quarter of 2020, 9,160 investors made approximately 11,940 investments worth more than US $ 5 billion, while the number of investments in the second quarter of 2020 decreased down to 6,523 items with a value of nearly 3 billion USD.

Dubai: Giá bất động sản tăng hướng tới Expo 2020 - Nha Trang Đất Việt

In the second quarter of 2020, the Dubai real estate market also welcomed 1,223 Gulf investors and 706 Arab investors. The report highlights the attractiveness of the Dubai real estate market to foreign investors with concrete evidence that the total investment received by Dubai is about more than $ 1.5 billion.

Women make up a significant portion of the quantity and value of investments. In quarter 2/2020, up to 1,781 female investors completed 1,922 investment transactions with a value of more than 700 million USD. More broadly, in the first half of 2020, 4,536 female investors completed 5,112 investments worth nearly US $ 2 billion.

Areas with the highest real estate investment activity include Hadaeq Sheikh Mohammed Bin Rashid, Dubai Marina and Jabal Ali. In terms of sales, Dubai Marina topped the list, followed by Business Bay and Al Merkadh.

In a separate report issued by Dubai Statistics Center, the real estate sector recorded a 3.7% higher growth in the first quarter of 2020 compared to the first quarter of 2019, contributing 8% to the development of Dubai economy. This sector plays an important role in increasing the speed of recovery in the business sector. Last year, real estate activities grew by 3.3% and contributed 7.2% to Dubai’s total GDP, with a value added of more than US $ 8 billion.

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How does Covid-19 impact the real estate market? (part 3)

In most countries, a new blockade policy has been in place for more than a month, in parallel with the policies and support measures from the Government and the landlord, the phenomenon of breaking rental contracts has not been recorded widely.

The countries where some of the tenants and small companies that have terminated their contracts early are China, Italy, Portugal, and Switzerland.

“Government intervention is a strong hallmark of this crisis. Support packages or interventions from the government such as property tax reduction or temporary prohibition of outward activities, are recorded in 59% of the countries participating in the survey”, Savills said.

According to this unit, the retail sector benefited the most, with some support packages recorded in 75% of countries. For example, the percentage of business in the UK is suspended for every business in the fiscal year 2020-2021. In Singapore, restaurants, shops, hotels, and tourist destinations will not pay real estate taxes in 2020.

Covid-19 tác động ra sao tới thị trường bất động sản?

The epidemic does not affect the capital value

The survey has shown that the trading volume is currently decreasing but not sharply decreasing. In the first half of April, 44% of countries recorded no change in transaction volume. For the office market, nearly half of the countries reported no changes in trading volumes since the end of March 2020, when 73% of the countries had average or sharp decrease.

The retail and hospitality sector continued to witness a sharp decline in the types of transactions, with 73% and 68% respectively recording a decrease, the effect of the national closure and the restriction of travel. The survey also indicated that the disease did not affect the capital value with 63% of countries saying their capital value did not change despite the small volume of transactions.

The logistics and health sectors remain good prices, with 87% and 95% of the countries having capital values unchanged and increasing, respectively. Both sectors will continue to have high demand in the near future. More than two-thirds of the countries surveyed did not report a change in capital values in the office and housing sectors.

In the housing sector, when a policy of closure to contain the disease severely affected transactions with buyers, 73% of countries recorded an unchanged capital value, compared to 53% in a survey.

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