CALCAP CONNECTIONS

June 2022

Principal's Corner

CALCAP Properties Professional Property Management

Effective property management is the least glamorous, yet most critical part of owning real estate.

At CALCAP Properties we manage both Multi-Family and Single-Family properties for owners and investors providing investment, renovation, and property management expertise to successfully implement and oversee value-add strategies. CCP incorporates best-in-class technology to improve performance and cash flow. These disciplines coupled with a resident-centric focus help to provide thriving communities and a desirable living environment.

At CCP we understand our role is to help investors achieve a return on their investment in the property. We do that by developing a strategy for improvements to enhance the value of the asset while increasing the opportunity for rent growth and resident appeal. We propose a fiscal year budget to make a targeted plan for revenue and expenditure expectations where results can be measured, and trends can be identified.

The goal of CALCAP Properties is to provide the right team of professionals to help residential communities reach and exceed their potential. Whether it is providing exceptional service to existing and prospective residents or managing rent collections, lease renewals, and marketing efforts. The properties we manage are represented by people committed to delivering quality results for residents and owners. We also offer:

Bilingual Customer Service
Centralized Application Compliance
Budget Analysis and Planning
Utility Management
In-House Collections
Repair and Renovation Oversight
Best in Class Technology Systems
Credit Analysis and Rental Criteria Underwriting
Acquisition Due Diligence Services

CALCAP Properties prepares a monthly Client Reporting Package that includes real-time business intelligence reporting. We believe timely and transparent data to owners enables them to interpret operating results, make necessary adjustments, and identify key performance indicators that drive success. We currently manage over 5,000 units and are licensed in CA, AZ, NM, TX, and NV.

If you would like to learn more about the services offered by CALCAP Properties or have a rental property needing new management, please contact Amy Cooper at 480.292.4043 or amy.cooper@calcap.com

Edward M. Aloe

Founder and CEO

626-229-9057

Latest Headlines...

Flipping homes is more popular than it’s been in decades, thanks to the hot housing market

The housing market doesn’t look like it’ll be cooling down any time soon, according to Tuesday’s edition of the S&P CoreLogic Case-Shiller national home price index. It reports that in April, home prices were up just over 20% year over year.

The good news? That’s less than the increase in March. So there’s that.

Meanwhile, people are flipping houses at the highest rate since at least 2000. Given how hot the housing market is, if you were in the market for a fixer-upper last year, chances are you were competing with some flippers.

“Flipping tends to go up during periods of time where there’s really high demand for households, and prices are going up as well,” said Rick Sharga with Attom Data Solutions.

View Article Here

US housing market is at a crossroads

Moody's concludes that the incredible home-price boom "is over"

“At 696,000 units, May new home sales were around 17% below the recent peak of 839,000 units in December last year,” the Moody’s report notes. “[On June 21], the National Association of Realtors said that existing-home sales declined for the fourth consecutive month.

“Existing-home sales fell in May by 3.4% on a seasonally adjusted basis to 5.41 million, the lowest since June of 2020 and similar to pre-pandemic levels.”

Those figures, along with “sharp recent increases in mortgage rates” and other supporting data, lead Moody’s to conclude that the “U.S. home-price boom is over.” The firm, which rates securitization offerings and provides other capital-market services, predicts “material declines” in both new- and existing-home transactions this year, compared with 2021.

Supporting the ugly outlook for the housing market is the release today, June 29, of the quarterly CFO Survey, conducted jointly by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. The survey of more than 300 U.S. financial executives conducted between May 25 and June 10, shows optimism about the broader U.S. economy continuing to decline.

View Article Here

The Benefits of Helping Renters Build Credit

Today, renters in the U.S. occupy almost 44 million housing units, according to statista.com. And the roof over their head heavily depends on how good their credit score is.

One of the fastest ways for them to build that credit is to have their positive rent payments reported to the three major credit bureaus—Equifax, Experian and TransUnion—and property management companies can play a key role in building their renters’ credit profiles and scores. For example, operators using resident portals such as Rent Café can easily report positive rent payments through the platform. Rent Café uses Experian RentBureau to include positive rental payment data in Experian credit reports.

“When renters feel supported by property management and landlords, they are much more likely to be satisfied with the resident experience, which boosts collection and retention rates at these apartment communities,” Jonathan Needell, president & CIO of Kairos Investment Management Co., told Multi-Housing News.

View Article Here

On the lighter side....

About CALCAP Advisors

About CALCAP

California Capital Real Estate Advisors, Inc., and its affiliate entities (CALCAP Asset Management, CALCAP Properties, CALCAP Lending, CALCAP Senior Healthcare and CALCAP Strategic Opportunities, collectively known as “CALCAP”), is a California based investment company founded and 2008 and headquartered in Pasadena, California. The Company sponsors alternative real estate investment opportunities focused on demographically driven housing. CALCAP has been able to consistently provide both individual and institutional investors with outstanding returns over the last 14 years. The Company uses a highly selective and disciplined investment approach, focused on delivering superior risk-adjusted returns. CALCAP currently has over $500mm in Assets Under Management. To learn more visit www.calcap.com.

Social Mission

CALCAP CARES is a 501(c)(3) private foundation organized to encourage employees to find a way to give back to the neighborhoods where we invest. CALCAP has created "GiveTime4Autism" as its initial program which will allow employees the ability to donate unused vacation and sick days for a very worthy cause.