When buying a house to live in or one that will be used as a rental property most home buyers are concerned about the interest rate on the mortgage. Another thing home buyers or investors should know about is how much closing costs are going to be. The good news is that for home buyers mortgage closing costs have fallen in [...]
When it comes to rental properties one of the worst things that can happen is the rental property sits vacant between renters. Renter turnover is something that is unavoidable at tenants may need to leave the property for many reasons. The key however is to reduce rental vacancy as much as possible and this can [...]
Homes are usually built with the idea that someone will be living in the home. Times have changed as many developers and builders are building single family homes for their investors as rental properties. Single family home rental market demand has grown extremely fast, as well as rental prices continue to rise which means a [...]
Citigroup bank recently launched a program which included renting out 500 homes to homeowners who were behind on their mortgages, rather than put the loans in foreclosure and make the owners leave the property. There is however more to the story that explains that Citigroup actually does not own the mortgages. Recently Citigroup sold $158 [...]
If you are a home owner who is unable to sell their home you may want to consider renting out your home. The rental market continues to grow and the pool of renters has grown greatly in the last few years. If you are not experienced in renting, there are many property management companies available [...]
Renters Warehouse continues its rapid growth by adding four new full-time employees to their team in August. In an effort to enhance their customer service, a new customer service manager will focus on the needs of the tenant and landlord during their lease term and more focus will be placed on owner services, rent collection [...]
Property management companies are similar to all other companies in that they will take out their fees first before releasing funds back to rental property owners. Many property owners expect to receive money back to them right away when new tenants move in, however usually that is not the case as it will be explained [...]
States License Requirements For Residential Real Estate Leasing and Property Management IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current [...]
This information is based on the vacancy rate of unoccupied homes. As of the 2010 Census, there were approximately 15 million vacant housing units in the country, with an 11.4 percent gross vacancy rate nationwide. Check out the full report. So who are the 10 emptiest cities? Tucson, Arizona - Rental vacancy rate: 15.9%; Homeowner vacancy rate: [...]
Harvard’s Joint Center for Housing Studies released its annual report on the state of the nation’s housing. Here are a few of their facts: Declines in the national homeownership rate accelerated in 2011 as increasing numbers of households opted—or were forced by foreclosure—to rent. The recession helped to dampen the rate at which young people [...]