Salwan Property Management
Salwan Property Management – 1274 NE 40th St offers a blend of comfort, style and quality. This property is located in the Oakland Park area of Oakland Park. Let the leasing team show you all that this community has in store. 1274 NE 40th St will make you feel right at home.
1274 NE 40th St is an apartment community located in Broward County and zip code 33334. This area is served by the Broward Commuter Zone.
Salwan Property Management
Oakland Park is a small town surrounded by the much larger community of Fort Lauderdale. The predominantly suburban setting offers peaceful home living, while the location provides easy access to Miami, local beaches and many parks, shopping centers and golf courses. One of the most popular local establishments is Funky Buddha Brewery, which has become famous among beer lovers in the region. The diverse rental market includes options for every taste and budget, from luxury suburban homes and luxury apartments to more affordable options.
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1274 NE 40th St is 7 minutes or 3.9 miles from Keizer University. Nearby are Florida Atlantic University and Art Inst. from Ft. Lauderdale.
School data provided by GreatSchools The GreatSchools Rating helps parents compare schools across the state based on various indicators of school quality and provides a useful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and may include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. Parents are also encouraged to visit schools, consider additional information about school performance and programs, and consider family needs as part of the school selection process.
Transportation options available in Oakland Park include Northside, located 30 miles from 1274 NE 40th St. 1274 NE 40th St is close to Fort Lauderdale-Hollywood International which is 11.8 miles or 20 minutes away and Miami International which is 57 minutes away.
If you live in the area, you may be able to get out and walk. Some tasks can be completed on foot, but others will require a car.
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1274 NE 40th St has 5 parks within a 10 mile radius, including Hugh Taylor Birch State Park, Museum of Discovery and Science, and Fern Forest Nature Center.
This rating combines landlord reviews and property features into one simplified score to help you evaluate the property. Factors that influenced these ratings include building design, construction, outdoor spaces and amenities.
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By clicking submit, I agree to the terms and conditions of use for ratings and reviews.La Vergne, TENN. – The houses on Tammy Sue Lane are not fancy. The homes, which are modest and have vinyl siding, were priced under $200,000 when most were built about 15 years ago and represented the first chance at home ownership for many suburban Nashville families.
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Over the past six years, 19 of the 32 homes on Tammy Sue Lane have been bought by a billion-dollar investment venture, part of an unprecedented flow of global finance into American suburbs. The company, which is less than 10 years old, has amassed one of the largest portfolios of single-family homes in the country, renting them out to families who can’t afford to buy entry-level homes.
Progress Residential acquires up to 2,000 homes per month with a computerized real estate search algorithm and quick cash offers. Progress executives boast that the company’s efficient management practices have benefited their tenants.
But according to previously unreleased documents and dozens of interviews with tenants and former employees, Progress Residential has been raking in substantial profits for wealthy investors around the world while outbidding middle-class homebuyers and subjecting tenants to what they say are unfair rent increases. maintenance and excessive fees.
“There is no human decency,” said Victoria Bates, an Amazon warehouse worker who lives on Tammy Sue Lane with her husband and 10-year-old daughter. Bates said the company regularly fails to meet routine maintenance requirements. While the company said it “handled” most of the 37 work orders it submitted within five days, Bates said it mostly didn’t fix what was needed: It took the company months to fix a leaking water heater. he said.
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Meanwhile, Bates said, the firm collects a number of fees that “take advantage of regular people who work paycheck to paycheck.”
In a statement, Progress Residential defended its operations, including its treatment of tenants, and said its rents and fees were in line with industry standards and market rates. Pretium officials said they complied with the federal eviction moratorium.
Progress Residential is backed by Pretium Partners, a New York-based investment firm whose business plan and investors are revealed in the Pandora Papers, a trove of offshore financial records obtained by the International Consortium of Investigative Journalists () and shared with The Washington Post.
The plan sought to take advantage of the 2008 U.S. housing crash, which forced millions of homeowners into foreclosure and left a glut of cheap homes for sale. The financiers’ plan called for buying tens of thousands of these properties at reduced prices and renting them to families who lost their homes or were no longer able to get mortgages due to tightened lending practices.
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The venture would “take advantage of the severe downturn in the US residential real estate market,” according to information from the presentation.
To raise money for the project, Pretium Partners sent confidential invitations to people wealthy enough to put up at least $2 million. Executives projected annual returns of 15 to 20 percent, according to a 238-page solicitation for investors in 2012. In total, Pretium Partners raised more than $1 billion, and the resulting real estate venture became Progress Residential.
The venture would “take advantage of the severe challenges in the US residential real estate market,” according to the presentation report. The homes would be rented to families “who have been displaced by foreclosure or are otherwise unable to obtain financing despite being able to afford to buy a home.”
Among those benefiting from America’s misfortune, according to the documents, was a trust in the Cayman Islands funded by one of Canada’s most powerful political donors, Stephen Bronfman, heir to the billion-dollar Seagram spirits fortune. Another was Vikrant Bhargava, who co-founded an online gambling company that debuted on the London Stock Exchange at $8.5 billion. Pretium has made legal arrangements so that such foreign investors have limited exposure to U.S. taxes, according to tax experts.
Ne 40th St, Oakland Park, Fl 33334 Apartments
While the documents do not identify most of the other investors, they show that an outsized share of the potential profit was earmarked for Donald R. Mullen Jr., founder and chief executive of Pretium Partners, and others at the firm.
Mullen is well known in financial circles for his time at Goldman Sachs, where he helped oversee the firm’s lucrative bets on the US housing and mortgage markets before the 2008 crisis. That bet, a strategy commonly known as the “big short,” allowed Goldman to profit , when the markets were falling.
With Progress Residential, Mullen bet in the opposite direction—that the homes he was buying would increase in value. By 2019, according to a press release at the time, the business had nearly doubled investor equity.
While those kinds of gains have drawn admiration on Wall Street, the reaction has been different in Tammy Sue Lane and other Sun Belt subdivisions, where Progress Residential and similar firms are eating up housing supply and outbidding families. Rutherford County, where Tammy Sue Lane is located, ranked as the fifth least affordable county in the U.S. for homebuyers when considering wages in the area, according to real estate data firm ATTOM Data Solutions.
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Rob Mitchell, the county’s property appraiser, says nearly 1 in 10 homes are now owned by a real estate investment trust, and those investments are driving up property prices.
These businesses are “taking advantage of our community of action — removing generational wealth for a whole demographic of people,” said Mitchell, a Republican elected official. “For an ordinary person who is starting to want to start a family, there is no choice anymore: Can I buy a house? Instead: Can I afford to rent a house?”
While buying up block by block, Progress was also accused of aggressively evicting tenants. Congress is investigating whether Progress and other major rental companies violated a national moratorium on evictions during the pandemic. Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking Committee, asked Progress to explain why its pandemic-era eviction requests appear to have affected majority black communities.
More than 3,000 people across the country have joined a Facebook group for tenants called Victims of Progress Residential. The site is an eruption of tenant complaints — about evictions, but also lost security deposits, expensive fees, missed calls, a whole host of maintenance issues — that mirror those of Progress tenants in Rutherford County.
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“They’re making all these people lazy,” said Cindy Hicks, a hospital revenue specialist who lives in Progress
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