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18 ON THE WEB WEBSITES TO GET TO KNOW. With AIRDROID, you can access and manage your Android phone from any computer, anywhere, at any time. e site allows you to send SMS messages, transfer files, and view app notifications using a mirroring effect. is phone management system can be fully operated with the use of your keyboard and mouse. FLOOR PLAN VISUALS creates high-quality floor plans of all building types (apartments, townhouses, single-family homes, large estates, and commercial properties) for real estate agents, property managers, and developers. e process includes on-site measurement of the property by professional architectural surveyors, in-house production of high-resolution and custom floor plans, and electronic delivery of the floor plans that are ready for both Web and print use. With Floor Plan Visuals, you have the potential to increase your number of prospective buyers with colorful and professionally-crafted floor plans that make your listings stand out. HOOTSUITE is a website that allows avid social media users to manage all their accounts in one place. You can schedule postings, engage with your followers, and get an in-depth analysis of your online brand. If you're looking to boost your online presence and create audience- driven content, this website is a no-brainer. FLOORPLANVISUALS.COM 2 AIRDROID.COM/EN 1 HOOTSUITE.COM 3 THE NEW WAY TO QUALIFY FOR AN SFR INVESTOR LOAN In order to achieve lower default rates on single-family rental investor loans, many single- family rental originators have enhanced their underwriting criteria and are now qualifying borrowers for SFR investor loans based on property income rather than personal income, according to research from Morningstar Credit Ratings. e traditional way to underwrite single- family, single-property investor loans has been to file them as residential instead of commercial loans. Typically, borrowers include information on projected rental income from the property and add a portion of this to their personal income. However, lenders of residential investor loans commonly qualify borrowers for loans based on the borrower's personal income and credit, rather than based on the projected rental income and its capability to cover the debt service. Lower default rates on properties where the rent income more than covered the debt was one of the main reasons behind lenders starting to focus on property income when considering approval for residential investor loans. Research from Morningstar found lower than average default rates among investor loans where the property income is greater than 1.2 times the debt service. "is approach makes sense: borrowers should be less likely to default if a property generates enough rent to cover debt obligations and are more likely to default if the debt service exceeds the rent," wrote Morningstar Credit Ratings RMBS Managing Directors Brian Grow and Becky Cao. "It is common practice for commercial lenders to look at debt service coverage ratios as a key driver of default, and it seems logical to apply this approach to single- property investor loans." Morningstar examined approximately 900,000 nonagency investor property loans originated from 2002 to 2007 in order to determine how debt service coverage affects default rates (using regional rent estimates from RentRange to individual investor properties in the CoreLogic In. nonagency loan-level data). "e results showed significantly lower defaults for investor loans with rents exceeding debt service payments and higher defaults for similar loans with rents that do not cover debt obligations," Grow and Cao wrote. The ratio of flipped homes to all residential home sales in Q1 was 4.4 percent, down from its peak of 6.4 percent reached in Q1 2005, according to CoreLogic. KNOW THIS