This week in rental property, mortgage rates for 30-year fixed mortgages declined this week in the midst of a climbing trend. Forbes.com article talks why the interest rates are on the rise. Even though the interest rates are pointing upwards, Forbes.com gives a deep analysis on 5 reasons why U.S. real estate market should continue to recover. Next, Auction.com Research Report announces...
This week in rental property a shortage of rentals in Brevard North Carolina has led The United Way of Transylvania County to begin a “tiny house initiative”. Next, Airbnb makes the headlines yet again as opposition from Santa Ynez Valley government in California is less than happy about the single-family zoned areas being used as vacation rentals.Are your property taxes high? Time...
Two weeks ago, we followed the Seattle rental market and a property manager’s response to the situation here (link 5). This week in rental property, we visit a man who is taking action. We then turn our attention to the Newark Advocate who brings us a story of a stubborn city council who are refusing to develop stricter property maintenance codes. Spring is around the corner, and...
What is going on this week in rental property? If you’re asking yourself this question then you have arrived at the right place. The Commercial Property Executive provide their three priorities of retaining tenants. Next, we see opportunity in the form of short-term rentals. With Airbnb and other short-term opportunities, legislation is taking shape. See more on these developments in our...
This week in rental property we revisit the property scramble in Cuba. Some things to keep in mind when considering investing in this market are included in our first link. Cuba’s not the only geographic area with a property scramble. See more on the situation in Illinois below in link 2. Liability. It is a word that all landlords dread. Ever wonder what exactly you are liable for, or how...
Picture this: your tenant does something HUGELY disastrous, and pandemonium ensues. What do you do? This week in rental property we peer into the looking glass of disaster. Nobody wants to entertain the thought of catastrophe, but it is inevitable. Whether its a fire breaking out or a bomb threat, as in our first two articles below, it is always a good idea to have precautions put in place for...
This week in rental property, we look at litigation. Last week, an article (2nd link) followed the controversial litigation coined as rent control. Our first link below follows this topic in Santa Monica. Our next link follows an interesting tenant-landlord relationship, where a NY landlord sues a tenant for subletting his property on Airbnb without permission. Speaking of the tenant-landlord...
This week in rental property, we revisit with Jimmy Mcmillan who argues that his landlord is evicting him through an act of racism. See more on his situation in article one. Next, we take a look at rent control, and the tenants in Jersey who are advocating its implementation in order to ‘control’ their rent increases. Would this really help the cause? in other news, we look at how...
Urban development is continuing to change especially as millennials are moving. In our first article, we see this change and the effect that it has had on US cities today. We then take a step back and look at a caveat to this observation: could this be another result of the media glorifying reality? Following this, we look at Bloomberg Business’s article on the changing perspective of...
New York, New York! It can be a great place to visit, but is it a great place to rent? Rent-stabilization and other rent-controlling laws make the rental market a sticky situation. Some of the situations are just too much. Ash on your clothes from a tenant below? This does not sound like a fun place to live. Construction in the same building that you’re living in, even while you’ve...