Edge Realty Advisors offers detailed market rent studies, such as those used by Live Local. These studies help set competitive rental rates and support affordable housing initiatives under Florida’s Live Local Act. The firm employs systematic data collection, analysis, and reporting to inform decision-making and maximize benefits from programs like the Live Local Tax Credit Program.
The rise in insurance premiums in Florida, driven by natural disasters and a reduced number of providers, is putting downward pressure on commercial real estate by increasing property expenses and reducing net operating income (NOI). Property owners can mitigate these effects through risk assessment, insurance shopping, and energy efficiency upgrades.
The Federal Housing Finance Agency, along with Fannie Mae, Freddie Mac, and HUD, recently revised Reconsideration of Value (ROV) requirements aimed at enhancing transparency and accessibility for disputing property appraisals. These changes, crucial for borrowers, lenders, and appraisers, include strict documentation, appraiser independence, timely processing, and comprehensive record-keeping. Additional specific guidelines from HUD emphasize borrower notification and lender support responsibilities.
