A recent Coldwell Banker survey found that 72 percent of Millennials (those born between 1981 and 1997) would be willing to pay $1,500 more for a home that was “smart.” In fact, 42 percent of those surveyed would be willing to pay as much as $3,000 more. Smart devices include network-connected security and monitoring devices, sensors, system controllers, lighting, power, and appliances. Forbes reports that 36 percent of home sales are now made to Millennials, who are now starting families. This is in contrast to the popular perception that Millennials …

After the McMansion era, perhaps it’s an idea whose time has come. The tiny house movement (also known as the “small house movement”) has been adapted by advocates of living a simpler life in smaller homes. The concept behind the idea: more financial freedom, greener living, lower utility bills, and shared community experiences. It’s a sharp shift away to the postwar American consumer idea of “bigger is better.” Tiny homes come in all kinds of shapes, types and even sizes. They can be rented or owned, on wheels or set …

Like all of the wealthy investors who make up the cast of Shark Tank, Daymond John has worked hard to create his own success. A native of Queens, New York, John was the son of a single mother and spent most of his youth broke. To survive, John hustled: chauffeuring passenger vans, selling T-shirts, and working as a courier, among many other odd jobs and hustles, all while going to school and keeping ahead of the bills. In the early 1990s, his life changed when he launched the FUBU clothing …

If there were any doubts that technology would affect and transform the real estate business, those doubts would be vanished in 2018. A knowledge of recent history reveals the writing on the wall. According to Forbes: Modern technology has a knack for consolidating and collapsing industries without a single leader: Uber for the saturated transportation industry, Priceline for the saturated travel industry, Amazon for the saturated retail industry, plus many others. Legacy real estate brands in both residential and commercial brokerages traditionally have a hard time recruiting top tech talent …

2018 could be a record year for store closings, according to a study released by the CoStar group and cited by CNBC. The report, which was released in April 2018, found that at least 94 million square feet of retail space will be closed this year. That’s competing with the disheartening news from 2017, which saw a record 105 million square feet close. The recent liquidation of Toys “R” Us and the Bon Ton Stores led the way, with other stores set to close soon. Another high-profile closing store is …

Bankruptcy filings fell 2.6 percent for the 12-month period ending June 30, 2018,  according to statistics released by the Administrative Office of the U.S. Courts. The June 2018 annual bankruptcy filings totaled 775,578 compared with 796,037 cases in the year ending June 2017. That’s good news, even though the stats often go up and down. Whatever the current bankruptcy filings happen to be, you’ll most likely be working with a percentage of clients who are emerging from bankruptcy. Remember that clients who claimed bankruptcy does not mean that they can’t …

The trend of coworking in office spaces began as a high concept in 2005, and since then has spread like wildfire. The Millennial generation workforce has adopted it as an accepted way of life — and corporate America is responding in a big way in a rush to recruit young talent. It seems the days of the corporate center, cubicle and corner office are vanishing forever. The coworking concept consists of membership-driven office services, consisting of independent workers (often entrepreneurs, independent contractors, freelancers) and businesses. All of these members pay …

Losing sensitive client data — or worse, having it hacked — could be the beginning of a horrifying rabbit hole tumble that could take your business and career down with it. Just about anyone is vulnerable to a hack attack or a security breach, but there are ways to reduce the risk. Here are a few steps you can take to protect your clients’ data and to keep it secure and private: Use protection Build firewalls and purchase antivirus software. The more protection you add to your business servers, the …

Strengthened by new home construction and storm-related damage repairs, U.S. roofing contractors are now in their fourth consecutive year of improved profitability and double-digit increases in sales, according to data from Sageworks, a financial information company. It’s no surprise that professional roofers are in demand. Roofs are often overlooked (excuse the pun) when it comes to showing a house. In many cases, preventative maintenance and regular inspection doesn’t even occur to the owner until there is something wrong. However, roofs are designed to age over time and must be replaced …

The National Flood Insurance Program (NFIP) must be reauthorized by November 30, 2018. Periodically, Congress must renew the NFIP’s statutory authority to operate. The President signed legislation on July 31, 2018 to extend the program’s authorization to November 30, 2018. Usually, Congress has always honored the NFIP, particularly the contracts that are already in place with NFIP policyholders. What if the reauthorization fails or lapses? FEMA (the Federal Emergency Management Agency) would still have the authority to ensure the payment of valid claims with available funds. However, FEMA would have …