Bangkok Apartments http://bangkokapartments.info/ Fri, 23 Sep 2022 05:29:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://bangkokapartments.info/wp-content/uploads/2021/12/icon-4.png Bangkok Apartments http://bangkokapartments.info/ 32 32 Is It Possible To Get A Payday Loan on Sunday? https://bangkokapartments.info/is-it-possible-to-get-a-payday-loan-on-sunday/ Fri, 23 Sep 2022 05:16:44 +0000 https://bangkokapartments.info/?p=646 Payday loans are taken out over the Sunday and operate in basically the same manner as conventional payday loans. They are speedy, short-term loans that may be repaid online and can be paid back with the income that you will soon receive. Payday loans are typically used to pay for unforeseen financial issues that need to be resolved by the following Monday, such as medical expenditures, auto repairs, home repairs, and other similar expenses. Putting in an application for a payday loan over Sunday will get you a cash advance, which will allow you to start the following week with sufficient funds to quickly satisfy your needs.

How Do Payday Loans on Sundays Work?

What is the procedure to get loans on a Sunday? The application procedure for a payday loan through our company is uncomplicated regardless of the day of the week, even Sundays. You start by entering your information into the web form as quickly as possible and then submitting it. Lenders will look over your application, and they will get back to you quickly with an answer regarding the possibility of providing you with a Sunday loan.

They will hand you the contract, which will include the terms and conditions for repayment, fees, rates, the privacy statement, and any other critical payday loan facts that you need to know. Now is the time to ask any questions that you might have, and the payday lender will answer all of your queries and supply all of the information. After you have gone through and agreed to all of the provisions of the contract, you will then sign it. After that, the monies will be deposited into your bank account on the following working day after that.

Remember the fundamental due dates for your loan! If you send in your application on a Saturday or Sunday throughout the weekend, rather than during the weekdays, the money will be deposited into your account the following business day. You are now responsible for making the required loan payments within the period of time that was originally agreed upon. In the absence of any other instructions, the lender will initiate an effortless and prompt withdrawal of the payment from your bank account.

Who Is Eligible for a Sunday Payday Loan?

The application can only be submitted online, and it can be found on our website at any time of the day or night. To be qualified for a cash advance that is offered on Sunday, you need to demonstrate that you can meet each of the following requirements:

  • The age of the majority in the United States is 18.
  • Being a citizen of the United States or a resident there permanently
  • Ensure that you have a steady source of income.
  • Keep your bank account in good standing.
  • Have a phone number and an email address that are active.

When applying for a direct loan, it is typically important to have a phone number as well as an active email account in order to facilitate better and more timely communication with the direct loan source.

How Much Money Can You Get With A Payday Loan?

Payday loans are short-term loans that customers generally take out to pay for unexpected bills, with the intention of repaying the loan with their subsequent paycheck. As a consequence of this, the amount is often anywhere between one hundred and one thousand dollars. However, it would be wise to keep in mind that the amount that is provided might fluctuate depending on the laws that are in effect in the various states as well as the decisions made by the lending institution. Once you have been given permission to obtain a payday loan, it is in your best interest to inquire with your lender about the specific loan amount to which you are entitled.

Is It Possible To Get A Sunday Payday Loan If You Have Bad Credit?

Even if you submit your application for a loan over Sunday, our criteria will not be altered in any way. People with poor credit are just as likely to be approved for a loan as those with excellent credit are. There is no such thing as a strict credit check carried out by payday lending companies on potential borrowers. They want to determine whether or not you will be able to repay the most recent cash advance; hence, if you can demonstrate that you have a consistent stream of income, you will be that much closer to receiving the loan on Sunday.

In addition, the majority of financial institutions do not insist that their customers keep a conventional office. Even if your main source of income was welfare or some other form of government aid, you would still be eligible for the short-term loan. In conclusion, even if an individual has horrible credit, they nevertheless have the opportunity to receive an emergency cash loan that is accessible on Sunday.

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Should you get a refund of the apartment rental application fee? https://bangkokapartments.info/should-you-get-a-refund-of-the-apartment-rental-application-fee/ Tue, 20 Sep 2022 20:47:00 +0000 https://bangkokapartments.info/should-you-get-a-refund-of-the-apartment-rental-application-fee/

PHOENIX — $950 for a two-bedroom apartment…too good to be true?

Rent prices are so high in the valley that if you find what looks like a bargain, you might just pay the application fee and grab it.

Sometimes, however, tenants find that the offer is not what it seemed.

Shelby Baird thought she had won the Valley Tenant Lottery when she saw an ad for a two-bedroom, two-bathroom apartment priced at $950. “It’s a good price,” she said.

In a market where the average apartment costs around $1,600, $950 for two bedrooms is a bargain.

So Shelby was directed online to Rentcafe and applied, site invisible.

“I spent about $200 on application fees,” she added. Much to his delight, Shelby got it!

She has been approved for a two-bedroom apartment in Palm Crest at Station 40 Apartments in Phoenix.

With this approval, it meant paying another fee.

“It was $350 just to hold the apartment,” Shelby said.

She’s now spent $550, but Shelby says it was worth it for such a bargain price.

If only it was true.

“Then they sent me the move-in fee sheet telling me the rate was $1,500,” Shelby explained.

Wait a minute.

The application completed by Shelby shows $950 for apartment 2084.

How could the same apartment rent go up over $500 in six days?” Shelby asked.

“The front desk person said our prices have never been lower. They’ve never reached $950,” she said.

Well, now too expensive for Shelby, she demanded a refund of her $550 in bid money.

At first it looked like this wouldn’t be a problem as Shelby received an email that a refund was in the works.

Months later, however, she still had no check or response.

“I reached out again, didn’t hear anything, and it’s been since May,” she said.

So Shelby let me know, and we contacted Palm Crest at station 40, but like Shelby, we got no response.

So we went to the office to ask when Shelby would get his refund or any explanation and the office told us to contact the property manager, Avenue 5 head office.

We did and heard nothing back, but Shelby finally did.

“I saw something in the mail, the envelope said payment was included. I said, is it possible? Did I receive anything? ” she says.

Admitting she was struggling financially, this mother and student got what was rightfully hers back.

“It took you telling them someone else was involved in this, not just me, for them to realize I was serious,” Shelby explained.

The check was even higher than Shelby expected.

“It was a really nice surprise. I really don’t think they would have done anything if I hadn’t told you,” she said.

Another problem…solved!

It’s great for Shelby. We are glad Palm Crest at Station 40 did the right thing and made it happen. Better communication is important in these situations. Shelby said no one ever contacted her.

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Commercial Mortgages: Why Apartment Rental Rates Keep Rising | Economic news https://bangkokapartments.info/commercial-mortgages-why-apartment-rental-rates-keep-rising-economic-news/ Sun, 18 Sep 2022 11:30:00 +0000 https://bangkokapartments.info/commercial-mortgages-why-apartment-rental-rates-keep-rising-economic-news/

Martha and the Vandellas probably weren’t singing about financial markets in their 1965 hit “Nowhere to run…nowhere to hide,” but the song describes the sentiment in the market for just about everyone. Possible exceptions are real estate investors of apartments and industrial properties.

The nagging truth dominating the market is that inflation is going to be stickier than most forecasts and that is making the Federal Reserve nervous. The Fed has effectively flattened the yield curve so that the difference between short-term and long-term rates is almost non-existent. But both are well off their all-time lows.

Yields on 10-year Treasury bills, which are a benchmark for long-term commercial mortgage rates, have risen to their highest level in more than 11 years and are pushing commercial mortgage rates higher with them.

According to the John B. Levy & Company Commercial Mortgage Survey, 5- and 10-year fixed rates are in the range of 5% to 5.50% for low-leverage loans and mortgage loans. variable rate are not much different, with prices ranging between 200 and 250 compared to SOFR. interval.

People also read…

So while the Fed has maintained its pirate mentality that “the beatings will continue until morale improves,” borrowers are struggling to make sense of the new normal. Unfortunately, the new norm is higher inflation for a while, which means higher rates.

According to a recent Newmark Multifamily report, apartment rents across the country rose 13.5% in the past 12 months ending June 2022. That’s well above inflation, which was 9.1% in the 12 months ending in June and, more recently, 8.3% in the 12 months ending in August. The question for apartment investors, however, is to what extent interest rates can rise while cap rates remain so low.

The same Newmark research indicated that cap rates were compressed for multifamily products in the first half of the year and only increased in several major markets. This trend of cap rate compression will be difficult to sustain as interest rates rise.

Lenders at all levels are reporting that overall credit is tightening, but they are still on the lookout for good loans backed by multifamily and industrial properties. Office projects give many lenders pause because they still cannot understand the office occupancy environment two and five years from now. Commercial properties have also faced tougher underwriting due to recent negative news from several major retailers and movie theater chains.

Here in Richmond, the story is much the same as across the country. With rising costs, it is more difficult to consider new construction, which will prevent new supply from growing too quickly. This constraint, however, is the same thing that is keeping rental rates up for apartments and industrial properties. According to Apartment List’s September rent report, rents in Richmond rose 9.6% year over year, which is below the national average growth of 10%, but is well above in Virginia Beach, which has seen only 5% rental growth over the past 12 months.

John B. Levy & Co. partner and investment banker Andrew Little can be reached at alittle@jblevyco.com.

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Meet the Korean apartment rental startup disrupting a boiling housing market https://bangkokapartments.info/meet-the-korean-apartment-rental-startup-disrupting-a-boiling-housing-market/ Fri, 16 Sep 2022 06:30:23 +0000 https://bangkokapartments.info/meet-the-korean-apartment-rental-startup-disrupting-a-boiling-housing-market/

As a founding member of WeWork Labs, the subsidiary of the shared office space giant, Matthew Shampine helped transform the world of commercial real estate. Now he’s taking on the deposit-heavy South Korean residential real estate market, one rental at a time.


LLiving in cramped and unaffordable apartments remains a grim reality for many adults. When Matthew Shampine, Korean-American co-founder and CEO of apartment rental startup Dongnae, moved to Seoul with his wife and newborn daughter, he saw an opportunity to reshape that reality in South Korea.

“I really, really wanted to do something that would have the most impact on the most people,” Shampine, 39, said in a video interview. “You can ask anyone here, but Koreans have a strong affinity for residential real estate…we can change the whole experience, all the way, and meet their needs.”

Born in South Korea, Shampine was adopted in the United States and raised in New Jersey. In 2007, he returned to Korea for a conference on Korean-American adoptees and reconnected with his biological family. There, he made it his mission to come back for good and do good for the country.

Shampine joined WeWork in 2011 and co-founded WeWork Labs, the office-sharing company’s startup incubator. In 2018, he became managing director of WeWork Korea, where he met Dongnae co-founder Insong Kim, who serves as the company’s chief strategy officer.

Together, the couple launched Seoul-based Dongnae in 2020 with the aim of making moving into an apartment more affordable and accessible. Its key product, Dongnae FLEX, offers fully furnished short-term rental properties with low deposits, appealing to new graduates or travelers unable to cough up the exorbitant deposits – up to 350 months rent, according to the startup – which are generally required of Korean apartments.

“The way our product was born is that we really allow people to live the apartments they want,” says Shampine. “We are unlocking all these new options because you are not limited by the amount of money you have set aside for a deposit.”

So far, Dongnae has opened its doors at both local and international investors. Its $21 million Series A funding round in March included NFX, who supported people like Lyft and Doordash, and proptech-focused MetaProp, a funder of Airbnb, as well as Korea’s oldest investment fund Daol Investment and Hana Financial. The new capital brought the startup’s total funding to around $34 million, following its seed round of $4.1 million in December 2020 and its pre-seed round of $700,000 the previous year. Dongnae declined to disclose its current valuation.

“Residential real estate is the largest asset class here in Korea,” Kyung Kuk-hyun, managing director of Daol Investment, said in a statement on Dongnae’s latest funding. “Dongnae’s incredible growth, coupled with its strong financial partnerships with leading financial institutions, makes this investment attractive.”

More than 80% of Korean household wealth is in real estate, compared to about 35% in the United States, but home ownership is proving increasingly difficult. The average price of an apartment in Seoul, the country’s capital and most populous city, doubled between 2017 and 2021 to more than $1 million. Housing has been at the center of recent Korean presidential debates, with newly elected President Yoon Suk-yeol pledging to calm the market and build 2.5 million new homes across the country during his five-year term. .

Renting is not always an easier alternative. Korea’s rental housing market is largely based on the jeonse, a unique payment system that requires tenants to provide large upfront deposits. Known as “purses”, these lump sums represent up to 80% of the sale price of a home. Seoul’s average apartment price in jeonse was around $516,000 in August, while some neighborhoods could reach as high as $572,400, according to figures from KB Kookmin. Bank.

The widespread practice of taking out loans to release “key money” adds to the worsening household debt crisis in Korea, which exceeded 104% of Korean GDP in June. Among the nation’s top five lenders, jeonse’s debt hit $106.4 billion last June, up from $37.8 billion that month in 2017. More than half of outstanding loans were from adults in their twenties and thirties, who owed $63 billion.

More and more Koreans are leaving the high-deposit rental system. Of the 258,313 apartment and house rental transactions in April, 50.4% were for monthly rentals, not jeonse, according to Korea’s Ministry of Land, Infrastructure and Transport – the first month since 2011 where jeonse has not conducted transactions.

Shampine links the abandonment of jeonse to the changing needs of young professionals, who are rethinking traditional ideals of marriage, child-rearing and home ownership. In addition to the “liberating” feeling of living debt-free, short-term property rentals offer these adults the opportunity to explore more independent and flexible lifestyles, while prioritizing their careers or friendships. — an apartment’s school neighborhood is less important than its proximity to work or location in a “cool neighborhood,” he says.

“For people in their late 20s and early 30s, the idea of ​​being independent from your parents is different than being independent in terms of not having a roommate,” Shampine says. “You two can work together and really have an amazing apartment. In the past, here in Korea, your options were either to live in a very small co-living space or in an officetel (a building with offices and living units) without any amenities.

Dongnae started out as a listing platform for potential tenants to book viewings with real estate agencies, but it met with limited success. Shampine says his team didn’t anticipate any “cultural dynamics” that would dampen demand for their product. “We realized that here in Korea, it’s very easy to go to any apartment complex in the city, or have some kind of connection with a brokerage agency, just ask for a visit when you want,” he said. “So the concept of going through an app and booking [a tour] for example, the upcoming weekend, just didn’t seem so appealing.

The initial lack of success prompted “good and healthy,” if painful, thoughts about the business model, Shampine says. Conversations with customers, brokers, and field team members informed Dongnae’s goal of “becoming the supply, instead of seeking the supply.” In July last year, Dongnae moved from apartment listings to serviced apartments. At the close of its latest funding, the startup said its properties spanned 60 apartment complexes — now they span 80, spread across 12 neighborhoods in Seoul.

Looking ahead, Dongnae plans to expand its in-home services offered to residents, tapping into Korea’s booming market for furniture and lifestyle items. Other startups developing solutions for living spaces have met with considerable success. In May, interior design platform oHouse raised $182 million to become Korea’s latest unicorn, at a valuation of around $1.6 billion.

Shampine hopes to usher in a broader cultural shift. “As I personally reflect on how WeWork has changed commercial real estate here, from space rentals and coworking to real-world environments inside offices, I really hope we can do something similar d ‘a residential point of view,’ says Shampine. “Making it a better experience… for brokers, for landlords and especially for renters.”

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Where to find a cheap apartment rental in Bellingham, WA https://bangkokapartments.info/where-to-find-a-cheap-apartment-rental-in-bellingham-wa/ Tue, 13 Sep 2022 12:00:00 +0000 https://bangkokapartments.info/where-to-find-a-cheap-apartment-rental-in-bellingham-wa/

Trying to find an affordable apartment or rental seems impossible these days, but some areas of Whatcom County are starting to see declines in rental prices.

Rental costs in the 98225 postcode area of ​​Bellingham rose in August, with a median rental cost of $1,850, according to RentHub, a rental housing data company. RentHub reviews prices for houses, multiplexes and apartments of all bed/bathroom sizes.

The 98226 Bellingham postcode saw a slight drop in median rental prices between July and August for all rental properties. The median August rental cost was $1,757, up from $1,900.

Rental prices have also increased significantly throughout the past year in the 98225 zip code.

The median rent price in August was $1,850 in the 98225 ZIP code, a 27.59% increase since August 2021.

The median rental price for the 98226 zip code was $1,757 in August, an increase of just 3.35% from prices last August.

The average rent for a one-bedroom apartment in Bellingham ranged from $1,295 to $1,300 in August, according to a report by Zumper.com. A two-bedroom apartment averaged $1,825.

The current average rent for a two-bedroom apartment in Bellingham as of September 9 is $1,850 per month, a 16% increase from last year, according to Zumper.

Alyse Messmer-Smith is a duty reporter at the Bellingham Herald. If you enjoy stories like this, consider supporting our work by subscribing to our journal.

]]> Center MP uses state allowance to pay apartment rental costs | New https://bangkokapartments.info/center-mp-uses-state-allowance-to-pay-apartment-rental-costs-new/ Tue, 13 Sep 2022 07:00:00 +0000 https://bangkokapartments.info/center-mp-uses-state-allowance-to-pay-apartment-rental-costs-new/

The denunciation came at the same time as a scheme by Kotka’s ex-husband, Martin Repinski, who is also a member of the Riigikogu representing the Center Party, came to light, writes Eesti Ekspress.

According to the law and the Riigikogu’s own rules of procedure, members living outside Tallinn and the municipalities of Harku, Jõelähtme, Kiili, Rae, Saku, Saue and Viimsi are entitled to housing allowance.

Officially residing in Väike-Maarja in Lääne-Viru County, Kotka’s salary rose to €5,477 in April this year.

However, as a full member of the Riigikogu, Kotka is also entitled, upon request, to receive up to one-fifth of his salary each month to cover housing costs. The Riigikogu Chancellery does not have the right to refuse to reimburse housing costs, even if a member owns several apartments in the capital.

Kotka justifies living in rented apartments instead of one she owns, for safety reasons, namely that she wanted to avoid a stalker. However, according to Eesti Ekspress, Kotka was living at the expense of the taxpayer long before the start of the harassment case in question, in the spring of 2020. “I bought these apartments with a bank loan, I repay the bank loan every month. I’m a single mom,” Kotka said.

Kotka also said that she did not receive any rental income as a private person. However, she refused to provide a straight answer when asked about apartments in the Lasnamäe district, which she bought with a bank loan.

Andres Kalvik, media adviser to the Center parliamentary group, said Kotka was an entrepreneur and there was nothing wrong with using the state allowance to cover housing costs, even if the properties were rented for commercial purposes.

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The mayor worried about the inactivity of developers on rental apartments https://bangkokapartments.info/the-mayor-worried-about-the-inactivity-of-developers-on-rental-apartments/ Thu, 25 Aug 2022 16:41:01 +0000 https://bangkokapartments.info/the-mayor-worried-about-the-inactivity-of-developers-on-rental-apartments/

Jay Pausner, Supervisor, Developmental Services, presented a semi-annual housing report at the Saugeen Shores planning meeting on August 15.

The in-depth report looks at the various measures the City has taken, and is taking, to try to respond to the housing crisis.

In the report, Pausner noted that the Council views accessible housing as a priority and has taken several steps to move the process forward, including removing zoning barriers, creating a housing reserve fund, identification of potential surplus municipal land, construction exemptions. in the Development Charges By-law and the hiring of a Housing Coordinator.

“The idea is to continue to find progressive and innovative ways, as well as traditional ways, for actions the city can take to make housing more accessible,” Pausner said.

In addition, the City supported the Official Plan (OP) and Zoning By-law revision to remove barriers to Additional Residential Units (ARUs) on lots with a single, semi-detached or townhouse. ARUs are also permitted in accessory structures and include small homes or garden suites on suitable lots where a principal dwelling is located. An ARU guide has also been published which provides direction and promotes best practices in the creation of new units. An updated zoning bylaw promotes housing supply, and semi-detached and duplex homes are now permitted in most residential areas.

The maximum height along the Goderich Street Corridor (Highway 21) has also been increased and barriers to accessibility removed.

“This whole council has been hard at work on housing,” Deputy Vice Mayor Mike Myatt said. “and there are rental units on the horizon. I like the proposal for developers to develop on city-owned land, I think it’s exciting. We (the city) are the largest landowner in the municipality and there is land that could be put to good use.

The housing reserve fund that has been created allows developers to contribute up to 5% of development charges. Myatt asked how many developers had taken advantage of Housing Reserve Fund support and what the balance was to date.

Pausner said institutional builders are benefiting and builders who have applied for multiple building permits are asking to allocate funds. The balance is $124,752 and may be used by the Council to facilitate more accessible housing through program support, policy development, or support for county projects or programs at its discretion.

Councilor Cheryl Grace added that it was good to have a summary and to see the tangible results of the Accessible Housing Task Force. “What’s Involved in Urban Design Guidelines for Residential Areas?” she asked Pausner.

“What we’ve learned from looking at other communities, especially Huron County and other growing smaller municipalities, is that they have guidelines that can help align some of the guides, principles and policies of planning to maintain a small-town or development-friendly feel while incorporating some infill and intensification policies,” Pausner said. “Huron County specifically has a set of guidelines that look at ARUs, multiplexes, walk-up apartments, townhouses and a series of changes that could take place in an existing neighborhood that would help a community understand how these types of developments might fit in a built environment. When we update our official plan for infill and intensification, there will be a set of guidelines to accompany it so that council understands the impacts of their decisions and what this means for the development community and residents. who live in these neighborhoods. ”

Grace said stepping up is important, but it’s good that there’s already something to use as a model. “It seems like we’re really trying to strike that balance that so many people are concerned about.”

Mayor Luke Charbonneau added that the county is also working on densification guidelines based on work done by Huron County.

Councilor John Divinski said the words affordable and attainable seem to be used interchangeably. “In my mind, those are two different things. Do we keep an eye on how many affordable units we can have? »

Pausner agreed that the terms affordable and achievable are different. “Affordability is very much about price. When the task force reviewed it, it was a review of affordability, accessibility and availability in terms of appropriate housing for the individual or family in need. Accessibility is really what the city can do with its limited set of tools and is about diversification and housing types throughout the community. Accessibility also means increasing density.

Divinski pointed out that there are two different stories. “Achievable can, in fact, create the affordable.”

Mayor Luke Charbonneau also agreed that it was a good report. “We are moving in several different directions at the same time. When you face a crisis, and we face a crisis, you need to focus on the most achievable things that have the most impact. For me, the primary objective is to build rental housing and subsidize the rents…to build rental housing and subsidize the rents. Those are the two things at the municipal level that, between the city and the county, we can do. The county started with a tiny step on the subsidized rent front and I hope to see that increase dramatically in 2023 and hopefully with the help of Saugeen Shores.

The mayor went on to say that many rental units have been approved lately, which will mean up to over 700 rental units. “When will they be built Jay?”

Pausner said that despite the direct question, the city could only rely on the developers’ schedule and the city could not say “you’re going to build now.” “In my opinion, Barry’s build is in the best position to act quickly because they have access to means of construction, and water and sewers are there, and they will start right away.

“He’s a (developer),” the mayor said. “We have a big development going on and I don’t want to diminish it. We have the construction of hotels, businesses, the paramedic station and a lot of single family homes, townhouses and additional units, but we really need to have these apartments.

The mayor has indicated that he would like Pausner and the OAC to contact the developers whose buildings have been approved. “Call them and tell them the city is looking forward to seeing these units under construction and see if you can get some time from them.”

It was obvious that the mayor was disturbed by the apparent lack of activity regarding the construction of rental apartments that have been approved.

“People sometimes accuse me of being grumpy. Sometimes I get grumpy about certain things. Waiting for these units will make me grumpy, and when I get grumpy, sometimes I don’t feel like approving single-family developments. Sometimes I don’t want developers to get approval for their next development, if they don’t build what we need now, so I think developers would be wise to put buildings under construction. you (Jay) can take this message to them because this is a crisis we all need to do our part the city has properties we need to get built we need to get support for Habitat for Humanity, work with the county, subsidizing rents…we have a lot of work to do and we are doing it, however, we need our private sector partners, who have the privilege of developing land in the town of Port Elgin, the City of Southampton and the Township of Saugeen, to begin constructing these apartment buildings. Call them… and tell them to get on with it.

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Landing apartment rental startup lands big funding round https://bangkokapartments.info/landing-apartment-rental-startup-lands-big-funding-round/ Thu, 25 Aug 2022 13:00:00 +0000 https://bangkokapartments.info/landing-apartment-rental-startup-lands-big-funding-round/

Landing founder and CEO Bill Smith was still running his previous startup, Shipt, when he moved to San Francisco in 2016.

While filling out applications, paying security deposits and application fees, moving and buying furniture, Smith figured there had to be an easier way to line up housing.

In 2019, after selling grocery delivery company Shipt to Target Corp. TGT,
+2.68%
for $550 million two years earlier, Smith launched Landing as an apartment rental company that lets members move into furnished apartments on two weeks’ notice, with no long-term leases or security deposits . Membership costs $199 per year.

On Thursday, Landing said it raised $125 million in a Series C venture funding round led by Delta-v Capital with participation from Greycroft and Foundry. JP Morgan Securities LLC, a unit of JPMorgan Chase & Co JPM,
+2.37%
was the sole placement agent on the financing.

Landing attracted its latest funding round at a valuation of approximately $475 million on the heels of growth in 2021, including 375% growth in membership and expansion into 33 new markets. He’s on track for more than $200 million in revenue, the spokesperson said.

Landing now operates in more than 81 markets in the United States with more than 20,000 listings offering furnished rentals to members for stays from 30 days to multiple years.

The company’s target customer is a “mobile professional who seeks experiences about owning ‘things’ through flexible living,” the spokesperson said.

Landing’s funding comes just days after high-profile venture capital firm Andreessen Horowitz (a16z) committed $350 million to back Flow, a new apartment rental business launched by WeWork Inc. WE,
+2.70%
founder Adam Neumann. This company is currently valued at $1 billion.

The fact that other startups such as Flow are getting into the business helps validate the category and shows that investors recognize the market opportunity and growth potential, the Landing spokesperson said.

Correction: This story has been updated to correct Landing’s official name.

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Milwaukee sees largest drop in apartment rental rates in major U.S. metro areas https://bangkokapartments.info/milwaukee-sees-largest-drop-in-apartment-rental-rates-in-major-u-s-metro-areas/ Mon, 22 Aug 2022 18:34:09 +0000 https://bangkokapartments.info/milwaukee-sees-largest-drop-in-apartment-rental-rates-in-major-u-s-metro-areas/ Median monthly apartment rents in the Milwaukee metro area fell 9.8% in July, year-over-year, the biggest drop of the nation’s 50 largest metro areas, according to a new report from Real. based in Seattle…


Median monthly apartment rents in the Milwaukee metro area fell 9.8% in July, year-over-year, the biggest drop of the nation’s 50 largest metro areas, according to a new report Seattle-based real estate brokerage red fin. At $1,686, the median July monthly rent for apartments in the Milwaukee metro area was $9e the lowest of the 50 largest metropolitan areas in the United States, according to the report. The Kansas City area had the lowest rents at $1,456 and Nassau County, New York had the highest rents at $4,209. Milwaukee was one of only three metro areas to see year-over-year apartment rental rate declines in July. The others were Minneapolis, down 8.1% to $1,748, and Baltimore, down 0.3% to $2,050. The metro area with the largest year-over-year increase in median apartment rental rates in July was Cincinnati, which rose 31.4% to $1,750. The national median asking rent in July rose 14% year over year to $2,032. This is the smallest annual increase since November. “Big rent hikes may finally be coming to an end as landlords adjust to shrinking budgets for tenants who are strained by the rising cost of groceries, gas and other regular expenses. “said Redfin Chief Economist Daryl Fairweather. “Yet rents are rising faster than headline inflation, which has begun to subside. We expect rent growth to continue to slow, but markets with strong job growth and limited new housing construction, such as New York and Seattle, will likely continue to see large rent increases.

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Apartment rental options for seniors https://bangkokapartments.info/apartment-rental-options-for-seniors/ Mon, 22 Aug 2022 13:00:00 +0000 https://bangkokapartments.info/apartment-rental-options-for-seniors/

By Andrew Trinder, Director, Senior Living, VRS Communities, orchard gardens (Kelowna)

There is no doubt that over the past few years companies have had to make many unexpected pivots because of Covid.

One of the pivotal points for VRS Seniors communities is the increased affordability of living in a seniors’ community.

Due to the escalating costs of food, gas, goods and utilities, as well as the critical lack of rentals available on the market, our senior living communities have become a more affordable alternative to independent living.

More and more seniors are choosing to move into our seniors’ communities because it makes sense!

This is especially the case in Kelowna’s popular rental market.

Orchard Gardens in Kelowna, owned and operated by VRS Seniors Communities, still has suites available for those looking for a rental. And considering that rent includes – daily lunch and dinner, weekly housekeeping, utilities, taxes, access to a community, social opportunities and a multitude of activities, a community retirees is an excellent option.

And you don’t even have to be retired to take the plunge! Learn more about joining one of our senior communities today.

Visit orchardgardens.cafor more information on affordable independent seniors’ residences.

READ MORE: 5 signs you’re ready to seek out a retirement community

READ MORE: ‘We couldn’t be happier:’ Family shares their experience of living in an VRS community

READ MORE: New Resident Perspectives: What Life Is Like in a VRS Seniors Community

housing for the elderly

When you consider that rent at Orchard Gardens in Kelowna includes daily lunch and dinner, weekly housekeeping, utilities, taxes, access to a community, social opportunities and a host of activities, a retirement community is a great option.

VRS Communities Orchard Park Gardens in Kelowna.
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