The newly elected City Council in San Luis Obispo, California, are throwing darts at the rental housing inspection ordinance, in which rental homes are subject to routine city inspections on a three-year cycle to ensure they conform to health and safety codes. The policy was created because of concerns about dilapidated rentals, particularly in neighborhoods with a high concentration of student tenants; however, the ordinance applies citywide. The ordinance is facing a lot of scrutiny due to privacy concerns. Signatures for a repeal and replacement are being gathered.
Celebrities like Justin Bieber, Tim Burton and James Harris are now choosing luxury rental properties over five-star hotels. They like the combination of luxury living and privacy, as well as spacious amenities for their support crews and families. Luxico, a company started by a husband and wife, now owns over 200 properties for this purpose and is very successful.
Nikelle Murphy shares some signs that may help you purchase the right “fixer-upper” property for you. Flipping houses and turning them into rental properties can be a very rewarding endeavor, but making sure you see the red flags is a must.
Do you currently own or are you looking to purchase a property in a college town? Furnishing your property is a great way to draw in and convenience potential student renters. Here are some great tips on furnishing your property for cheap.
RealtyTrac looks at 448 counties with populations over 100,000 and gives a report on the best and worst markets for rental properties.