Effectiveness of rent recovery strategies on residential real estate in Ibadan, Nigeria

PurposeThe upward rise of the prolonged payback period and the inability of the project to generate estimated income that has been linked with the irregular rent payments has been a major problem confronting real estate investment. Given the fact that real estate investment is a risky investment venture with a highly uncertain future stream of income, this paper examines the effectiveness of rent recovery strategies in the emerging Nigeria residential real estate practice.Design/methodology/approachThe study employed an exploratory research design. The study identified the five recovery strategies adopted by the estate surveying and valuation firms in Ibadan Metropolis, Nigeria. The study adopts a purposive sampling method to select 52 registered estate firms in the study area and a questionnaire using a five-point Likert scale was used to elicit information. The data obtained were analyzed using descriptive and inferential statistics.FindingsThe result showed that the rent recovery strategies adopted by the respondents include email approach, rent reminder notice, adequate maintenance, eviction notice and dialogue approach. The perceived top-rated strategies that could influence estimated income were dialogue and rent reminder notice. Also, the findings showed the factors that influence the choice of strategy are property type, company policy and the proportion of rent to the tenant's income.Practical implicationsThe study has an implication for real estate investors and property practitioners regarding the willingness of the investors to invest in real estate investment.Originality/valueThis paper is relevant given the fact that the rental property market is prone to risk that could impede the regular streamflow of income. This serves as a need for examination of the effectiveness of adopted rent recovery strategies as it relates to real estate property management practice and investment viability.

From the Napoleonic domination until Italian Unity: legal restrictions and innovations for the Jewish Community of Mondovì

The documents conserved in the Terracini Jewish Archive of Turin allow the reader to examine the application of the legislation concerning Jewish communities during the period of time starting from the Napoleonic domination until the Italian unity. My research focuses in particular on the notarial deeds and judicial documents relating to the property of the synagogue and the cemetery of the Jewish community of Mondovì. Under the rule of France the Jewish people living in Piedmont were allowed to become real estate owners and the plots of land where the Jewish cemetery was located and the house that hosted the synagogue in Mondovì were allotted to the Jewish community. During the Restoration, the ban to become real estate property was introduced again. Even if the Jewish people of Mondovì had bought from its owner the house of the synagogue and they had obtained from the French administration the property of the plots of land of the cemetery, they were not anymore recognized as owners. After the emancipation of the Jewish population and the Italian unity, the Jewish community of Mondovì claimed its rights on those real estate properties: my essay would focus on the exam of the archive documents that show how the legislation concerning real estate property for Jewish people was applied over time.

COVID-19 pandemic and the Philippine real estate property cycle: indications of bubble and burst in the “new normal”?

The Philippines has been one of the countries greatly affected by the COVID-19 pandemic. The country is regarded to be under the world's longest lockdown with an upsurge of cases, and it has also entered into an official recession with record-breaking economic contraction and high unemployment rates, fueling economic uncertainties. These macroeconomic indicators show serious signs of the adversities of the pandemic affecting the real estate development sector. As the real estate sector recalibrates its plans on response, recovery, and resiliency, this paper attempts to provide empirical evidence on the celebrated model in real estate economics proposed by Homer Hoyt and later developed by Glenn R. Mueller: the property cycle. We also provide contextualization on the property cycle empirics under the pandemic, given the sector’s reintroduction of the Real Estate Investment Trust (REIT). We argue that the REIT mainly supports the real estate development industry given the adversities of the pandemic and its accompanying recession, as well as an update to the long-term plans of the industry and its players in compliance with the “new normal”.

Perencanaan Pajak dan Intensitas Aset Tetap terhadap Manajemen Laba: Agency Theory Perspective

<p><em>This study aims to determine the effect of tax planning and the intensity of fixed assets on earnings management. This study uses secondary data. The population of this study are real estate, property and construction companies listed on the Indonesia Stock Exchange during the 2016-2018 period. It has a total of 81 companies. Purposive sampling technique is used in order to obtain a sample of 32 companies that meet the criteria. This study uses linear regression analysis with a significance level of 5%. The results showed that tax planning and asset intensity had no significant effect on earnings management.</em></p>

The influence of leverage, sales growth, and dividend policy on company value

Purpose: This study aimed to determine whether leverage, sales growth, and dividend policies influence the value of the company and determine the development of leverage, sales growth, dividend policy, and company value in real estate, property, and construction companies listed on the Stock Exchange Indonesia period of 2016-2018 Research methodology: This research was a quantitative research. The samples were real estate, property and building construction sector companies listed on the Indonesia Stock Exchange for the period of 2016-2018, amounting to 20 companies. The sampling technique used was non probability sampling with a purposive sampling method.. Results: Leverage, sales growth, and dividend policy affect the company value. The magnitude of the influence of leverage, sales growth, and dividend policy in contributing influence of company value was 58.0%. Limitations: The research is limited to only those companies in the real estate, property, and building construction sectors listed on the Indonesia Stock Exchange from 2016 to 2018 and only focuses on the effect of leverage, sales growth, and dividend policy on firm value. Contribution: Companies in the real estate, property, and building construction sectors listed on the Indonesian Stock Exchange should reduce their leverage, increase sales growth by improving their performance in selling products or services, and improve their dividend policy by increasing dividend distribution to shareholders each year.

Functioning of prohibitions and restrictions on the use of real property protecting the cultural landscape on the example of the Wilanów Cultural Park. Part 2: empirical

The second part of the article on the juridical dimension of the Wilanów Cultural Park confirms the justification for that the existence of this area-based form of monument protection in casu is well founded. It completes the dogmatic analysis of presented in the first part. Here too, the key issues are the restrictions on the ownership right to property and the need to balance them with under the civil law. The author used the empirical method in the form of a survey of questionnaires directed addressed, within the frame in the mode of access to public information, to institutions that faced these came across the title problems in the Wilanów Cultural Park. The presentation of the research results leads to the a conclusion that the collision – goods conflicting values protected by under the law, i.e. – protection of monuments and property ownership rights of to real estate property located in the Park, with a particular emphasis on the dynamically developing Miasteczko Wilanów, have been properly balanced. The structure of land ownership analysis completes the belief conviction that the protectiveon instruments used are adequate. The observAbsence ation of the lack of claims leads the author to formulate a conclusion about the priority of a prospective – instead rather than of an adjustivecorrective – action impact of the resolution establishing the Wilanów Cultural Park on the cultural landscape and the constitutive real properties.

ANALYSIS OF DIFFERENT REGRESSION MODELS FOR REAL ESTATE PRICE PREDICTION

The housing market is a standout amongst the most engaged with respect to estimating the price and continues to vary. Individuals are cautious when they are endeavoring to purchase another house with their financial plan and market strategies. Consequently, making the housing market one of the incredible fields to apply the ideas of machine learning on how to enhance and anticipate the house prices with precision. The objective of the paper is the prediction of the market value of a real estate property and present a performance comparison between various regression models applied. Nine algorithms were selected to predict the dependent variable in our dataset and then their performance was compared using R2 score, mean absolute error, mean squared error and root mean squared error. Moreover, this study attempts to analyze the correlation between variables to determine the most important factors that are bound to affect the prices of house.

DETERMINANTS OF CAPITAL STRUCTURE’S ADJUSTMENT SPEED: EMPIRICAL ANALYSIS OF REAL ESTATE, PROPERTY, AND CONSTRUCTION FIRMS

This study explored the determinants of capital structure, optimal capital structure, and adjustment speed in real-estate, property, and construction firms in Indonesia. It conducted a quantitative analysis of the annual report of 25 listed firms by employing a generalized method of moment approach with panel data to estimate the result. Results showed that the determinants of capital structure, such as profitability, tangibility, size, and liquidity, have a negative impact on leverage. By contrast, a non-debt tax shield has a positive impact. Based on the regression result, firms have an optimal capital structure target with a yearly adjustment speed of 80%. Furthermore, calculation of optimal target structure shows that firms require approximately three years to meet the discrepancy between their current capital structure and the targeted capital structure.

Lawyers’ Tricks, or What Did the Dostoevskys Get from the Sale of the Tula Estate

The article deals with the history of the sale of the real estate property belonging to A. F. Kumanina, the Moscow aunt of F. M. Dostoevsky, in the Tula province. The division of the property received by her heirs after her death was to be carried out after their entry into the ownership of the estates: first Tula, then Smolensk and Ryazan, which were pledged. Lawyers played a criminal role in this process. They developed an illegal scheme during the division and sale of the house and land plot in Tula, which predetermined the fate of the Kumanin inheritance, most of which was spent on paying debts, arrears and attorney fees. In connection with the inheritance case, F. M. Dostoevsky sought legal assistance from V. P. Gaevsky, V. I. Veselovsky, B. B. Polyakov, V. I. Gubin, E. V. Korsh, A. V. Lokhvitsky, V. I. Lustikh. The facts testifying to the unseemly role of the attorneys, which ultimately led to the unexpected outcome of the “Kumanin story”, are presented in the memoirs and correspondence of the writer’s brother Andrey Mikhailovich. They are also indicated in the correspondence of the other heirs of A. F. Kumanina, including F. M. Dostoevsky and his closest relatives, who tried to regain the right to own hereditary estates, as well as the materials of the genealogic inventory of N. S. Lazarev-Stanishchev, who became one of the participants in the “Kumanin inheritance” scam. The Appendix contains a previously unpublished letter from D. A. Smirnov, assistant to attorney V. I. Veselovsky in the “case of the Kumanin inheritance”, to A. M. Dostoevsky dated February 10, 1874 about the sale of the Kumanin house in Tula.

EFFICIENCY OF DISTANCE LEARNING OF TECHNICAL AND LEGAL PROFILE ON THE EXAMPLE OF THE DISCIPLINE «REGISTRATION OF RIGHTS TO REAL ESTATE PROPERTY AND TRANSACTIONS WITH THEM»

The article analyzes the peculiarities of studying the discipline "Registration of Rights to Real Estate and Transactions with it", continuing the course "Real Estate State Registration Fundamentals", in the master program of the Siberian State University of Geosystems and Technologies. The authors analyze the advantages and disadvantages of distance learning of these disciplines in 2020. A grouping of students depending on the method of cognition and the analysis of the capabilities of these groups in the context of distance learning are proposed. The conclusion about the effectiveness of this kind of teaching discipline of technical and legal profile is made.