Real Estate

How I built side hustle into real estate giant

13/09/2023

One of the world’s largest real estate companies started out as a side hustle.

Today, Denver-based Re/Max operates in more than 110 countries, and has a market value of $265.2 million. But it began with a single, small house-flip in the late 1960s, co-founder and chairman Dave Liniger tells CNBC Make It.

At the time, Liniger was a U.S. Air Force enlisted airman and Indiana University dropout, based near Tucson, Arizona, looking for ways to supplement his $99 per month military salary.

In the early mornings, starting at 2 a.m., he had a newspaper route, he says. “In the evenings, I worked in a gasoline station — nobody had self-service at the time — and then I also worked in a movie theater,” Liniger, 77, adds. “Between the three part-time jobs, and the $99 I got from the service, I got up to $500 [each month]. And that wasn’t terrible.”

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Ontario is lacking condo managers and some worry it'll only get worse as more units get built

05/06/2023

Ontario property managers are raising the alarm about the province’s growing condo market, saying there’s not enough of them to handle an expected influx of units.

According to data from the province and the industry’s separate regulatory body, The Condominium Management Regulatory Authority of Ontario (CMRAO), there are currently some 2,500 licensed managers in the province overseeing around 950,000 units across Ontario. 

That’s a figure some in the industry say is leaving managers spread thin and will only be exacerbated by the glut of managers getting ready to retire. Add to that the growing number of units expected to be ready for occupancy in the coming years, and some worry the the lack of managers will mean issues across the board, be it for residents or building owners.

Research by the real estate consulting firm Urbanation suggesting a record number of 25,000 new condo units will be ready in Ontario

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Forec

6 Unusual Rules That Have Shaped How Condos Have Been Built (For Better Or Worse) - Property Blog Singapore

15/03/2023

Property developers in Singapore have a solid reputation, but a common criticism is that our projects are all “cookie-cutter”. There’s only one Interlace for every dozen other similar-looking projects. But there are reasons why developers build this way, just as there are reasons for some of the more awkward design choices.

For example, you’ve probably wondered why some rooftop facilities don’t have a proper shelter built when it seems like such an obvious thing to include. Or perhaps why do some developments just have so few car park lots (or even visitors ones for that matter), when it only makes sense to build more for the number of units.

Truth be told, while most things would just come down to cost, there are some others that actually have reasonable explanations for it.

Here are a few of the most common ones:

1. Bigger condos are more “cookie-cutter” thanks to ABSD

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Forec

Miami Condos Built on Ancient Artifacts Older Than the Bible Spark Outrage

23/02/2023

Native American activists in Miami are calling for an archaeological dig on a site due to be developed into a series of residential towers to be halted out of respect for the human remains that have been discovered there.

A number of artifacts dating back 7,000 years—around the time that what would later become the Old Testament Bible was being assembled, according to historical estimates—were found on a parcel of land in the city off Brickell Avenue, near the mouth of the Miami River.

However, members of the American Indian Movement of Florida have said they would rather the site be preserved rather than turned into condos.

Will Pestle, a professor of bioarchaeology at the University of Miami, told news outlet WPLG on Monday that the site was “older than the pyramids. It is older than the colosseum in Rome. This is a site that has great antiquity.”

Above, archaeologists
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