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88 GEORGIA PEMCO Limited Appoints New President and CEO Kimiko Yamamoto was appointed president and CEO of PEMCO Limited to succeed the company's owner and founder, John Yamamoto, who held the role for more than 30 years. Before being appointed president and CEO of PEMCO, Kimiko Yamamoto held the position of president and COO with the company. She has been with PEMCO for 20 years, starting in 1996 with overseeing the company's successful HUD Manage- ment and Marketing (M&M) contracts. At the peak of PEMCO's 10-year run as a HUD M&M asset management contractor, PEMCO covered 26 states and operated out of four offices with an average of 40 employ- ees in each office providing cradle-to-grave asset management for more than 100,000 properties. Yamamato was responsible for overseeing PEMCO's internal processes and mobilization of the company's California, Colorado, and Georgia branches during this time. "We've had a series of positive changes occur in the past year and those changes reflect strategies that will ensure we provide the highest level of client satisfaction," said Yamamoto. "PEMCO Limited has built a name in real estate recognized for quality. at is something that won't ever change." Yamamato has been instrumental in the diversification of PEMCO Limited's service offerings to include residential real estate transactions and increased real estate gov- ernment opportunities through PEMCO's new division, Government and Financial Institutional Services. Yamamato currently serves on the Board of Directors for the Hawaii Autism Foun- dation, Neighborhood Stabilization Capital Management, and Hawaiian Springs Water. She is also a Trustee for the Oahu, Hawaii Chapter of the Awesome Foundation. PEMCO Limited is a national company based in Hawaii, California, Colorado, and Georgia, that provides personalized, scalable property asset management and real estate related solutions that maximize the potential value for their clients' assets. FLORIDA The Hottest Spots for SFR Investors Are. . . Positive data indicators in the growing single-family rental (SFR) market signal ample opportunities for investors to profit and flour- ish in this space. Which markets provide the most opportunity for SFR investors? RentRange identified the top 25 metropoli- tan statistical areas (MSAs) with the largest rental rate increases from last year and high- est gross yields, or the total annual income an investor receives from an investment property divided by the price or value for the property, for the first quarter of 2016. "e single-family rental market across the U.S. continues to offer significant opportunity for investors," said Wally Charnoff, CEO of RentRange. "e robust data available today empowers even non-institutional investors to analyze geographies and select the investment locations throughout the U.S. that are most opportune, as opposed to being limited to their own backyard." RentRange's report showed that six out of the top 25 SFR markets (and three out of the top four) with the highest rental price increases were located in Florida for Q1, a slight increase over-the-quarter, indicating a steady trend of SFR increases in the Sunshine State, accord- ing to RentRange. Syracuse, Milwaukee, New Orleans, and Gainesville led all rental markets in highest average gross yield, according to RentRange. All four of those markets experienced double- digit rental increases and all but Gainesville reported double-digit average gross yields (Gainesville barely missed double digits in that category with 9.74 percent). Although markets in southern states dominated RentRange's overall list for Q1, markets in both Wisconsin (Milwaukee and Madison) and New York (Syracuse and Buffalo) are beginning to dent the lists for both rental price increases and average gross yield. e Five Star Institute President and CEO Ed Delgado recently announced the formation of the Single-Family Rental As- sociation (SFRA), a member-led conduit for connection and training in the growing single-family rental market. e SFRA will lead the single-family rental sector in identify- ing emerging trends, discussing solutions, and formulating best practices. "e Single-Family Rental Association will be leading the dialogue on best practices and new business opportunities in the single- family rental market," Delgado said. "e SFRA will fill the gap as a resource for a sector that has been largely underserved and often misrepresented." e SFRA will offer ongoing training and education, networking, and business opportunities, in conjunction with the Five Star Institute's Second Annual Single-Family Rental Summit on November 1-3, 2016 at the Frisco Conference Center at the Embassy Suites Hotel, Frisco, Texas. Rate Decline Zaps Walter Investment's Profits A rough 2015 for non-bank mortgage ser- vicers has spilled over into 2016. Just last week, Ocwen Financial reported a first quarter net loss of $111.2 million. A significant rate decline in the first quar- ter negatively impacted earnings for Walter In- vestment Management Corp., and as a result, the company took a net loss of $172.7 million during the three-month period, according to MEMBER Adriana M Montes, MBA Juris Doctor Candidate Owner, Real Estate Broker REO, Short Sale, Property Management & Acquisitions Director, Luxury Home Specialist, Multimillion Dollar Producer » Awarded #17 with 203 home sales in 2014 of Top 250 Latino Real Estate Agents in US! » Awarded #17 with 220 home sales in 2013 of Top 250 Latino Real Estate Agents in US! » Awarded #16 with 200 home sales in 2012 of Top 250 Latino Real Estate Agents in US! » Awarded #48 with 120 home sales in 2011 of Top 250 Latino Real Estate Agents in US! www.FloridaDreamsRealty.com 321.689.6258 cell - Adriana@FloridaDreamsRealty.com