Here at RentPost, we’ve been tracking the movement of capital towards rental investments for a long time now. There have been many signs that the rent industry is the next booming sector in real estate (and with some luck, that boom won’t turn into a bubble). But this month, some new insight has come out on just how strong this market can ride.
Data tracker CoreLogic released a report that, among other things, points to a $100 billion valuation of the market for foreclosed homes turned into rentals. Yeah, $100 billion. And that’s for this year alone.
It’s update time folks and we have some really exciting updates for you. We’ve overhauled our work order backend to support custom work order workflows, work order assignments to vendors and colleagues, custom questions for adding a work order, assignable to just tenants or everyone and much more! We also have some exciting add-ons we’re working to release along side this new work order system.
Included in this update are the usual fixes, some speed improvements, and patches as well. We’re keeping our promise to be continually improving the RentPost software, simplifying rent!
Have a look at a few of the screenshots of the new work order features below…
When it comes to statistics, Zillow, the real estate directory site has listings in practically every city in the country, and it’s been issuing reports on the state of the real estate market.
Their last report was issued in February. That Real Estate Market Report reaffirmed what many have noted on the real estate scene: the continuing success of rental investments and the furthering decline of home values.
The American rental climate has been favorable for landlords, and now the warm weather has spread to other parts of the world. UK private property landlords have seen strong increases in their own rental yields. Despite the dark reports of the UK property market, demand for quality rental properties is still increasing.
It’s not just in some parts of the country. Rental sector landlords have seen increasing rental yields in all parts of the UK. Last year, monthly Buy-to-Let rents increased by 4.8%, giving property investors a rental yield of 6.1%.
The number of seniors applying for reverse mortgages is going up, according to a new study by MetLife. The study finds that not only is that number going up, but seniors are demanding reverse mortgages at younger ages.
The average age of seniors using reverse mortgages is 73, but 46% of homeowners considering it are under age 70.
Essentially, more seniors are asking for reverse mortgages earlier. What does this mean?
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