Ashman announced in a press release yesterday that authorities in its native Britain have given it authority to lend money. The Birmingham, England-based company has indicated it wants to serve small- and medium-sized entities — a market the company put at $111 billion. The approvals,...
Split rent payment platform Zenbase is teaming up with real estate investment company Avenue Living Communities to offer its flexible payments service to the company’s 14,000-plus apartments and townhouses in Alberta, Manitoba and Saskatchewan, Canada, according to a joint press release. The service allows residents...
Real estate digital platform Opendoor has launched a financing app that the company claims lets consumers get pre-approved for a mortgage in under two minutes. The app, which went live Thursday (June 2) for customers in California, is part of the company’s suite of products,...
Rental-focused software firm Stessa is launching Stessa Cash Management, a new banking product to aid with automating rent collection, according to a company blog post Wednesday (June 1). Stessa Cash Management will add ways for investors to automate the manual parts of rent collection, like...
Financial services company Jetty with the goal to improve affordability in renting a home, received new funding from PayPal Ventures and Experian Ventures, a press release said Wednesday (May 25). The company has numerous offerings to help with security deposits, flexible rent payments and renter...
The number of rentals on Airbnb and similar companies in New York City has now surpassed the number of available apartments, Bloomberg reported Wednesday (May 18). This has further constrained renters looking to live in the city. The total number of active short-term rentals, from...
As real estate prices get more expensive, some Americans have been renting out portions of their homes to help with mortgage payments, according to a Bloomberg report. Average U.S. mortgage rates are now above 5% and home prices are at record highs, leading many would-be...
Investors are showing revived interest in purchasing hotels, a property category battered especially brutally during the pandemic, the Wall Street Journal reported. Citing data from CoStar Group, the Journal reported that more than $12.5 billion worth of hotels changed hands during the first three months...
Some homeowner associations are wielding their power beyond lawn maintenance and paint color to prevent investors from buying up homes for the sole purpose of renting them out, The Wall Street Journal reported Monday (April 18). Rentals not only lead to a decline in the...
