CategoryIndustry Happenings

What do Renters Want in 2019

What do renters want in 2019? How can you quickly fill vacancies and retain your current tenants? How do you make sure your property stays occupied all year long? Here’s the answer:  it all boils down to giving the tenants what they want. Renters in 2019 Want Technology We recently wrote a whole post on this. What used to be considered an amenity is now often seen as a necessity. Does your...

Things Real Estate Investors Should Watch Out for in 2019

What should real estate investors watch out for in 2019? Like everything else, you’ll find all kinds of opinions from experts. After doing our research, here are the things we believe are most likely to happen this year. Millennials are Becoming Homebuyers The Great Recession’s impact on housing, combined with a growing student loan crisis, have made it difficult for millenials to purchase homes...

TWiRP – January 14, 2017

Year of the Renter With more vacancies due to renters being unwilling or even unable to pay higher amounts of money, property owners are scrambling to find ways to attract new tenants while keeping their current tenants hooked in. That’s why they’re calling this “the year of the renter.” Do you agree? 10 Hottest Housing Markets for 2017 Looking to invest in real estate...

TWiRP – January 7, 2017

Opinions On This Year’s Market Head-to-Head Some believe 2017 will mimic 2016’s slower patterns, while others aren’t so optimistic. What are your thoughts? Millennials’ Domination of the Market Expanding Once again, millennials seem to be dominating the market, but not just in rentals. The myth that millennials only want to rent is being disproved as we see them now...

TWiRP – December 31, 2016

A Growing Number of Millennials Are Entering the Housing Market Studies show that millennials (people ages 18-35) are making up an increasing share of the home buying market, particularly in suburban areas. A survey shows that 65% of the respondents are renting because of cost and financial circumstances. However, more of these millennials are starting families. Although 65% of this group is...

TWiRP – December 24th, 2016

SLO Rental Inspections Under Fire 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...

TWiRP – December 17th, 2016

Federal Reserve Hikes Rates The Federal Reserve bumped rates by 25 basis points to between 0.50% and 0.75%, and are guided toward more rate hikes in the year 2017. Real estate economists are predicting a modest increase in home sale growth, but not as much as 2016. A mixture of caution and enthusiasm are advised in taking on the new year. Read about it in detail HERE.   Budget Friendly DIY...

Airbnb Nightmares

Thinking about converting that long-term rental into a short-term Airbnb?  Or even considering a new investment for this purpose?  You might want to think twice if everything on the other end of the pond is looking to be peaches and roses.  Because that’s far from the truth. In addition to the fact that short-term rentals are an entirely different business model, requiring constant cleaning...

Management Agents Working on Your Behalf: Ensuring Logical Steps are Taken for Your Property Management

You’ve decided that in order to properly manage your college housing project, you are going to need property management software to keep up with the hundreds of students moving in and out of your housing units. There are just too many apartments, the students have a plethora of needs which can be overwhelming to handle on your own, and to make matters worse all of your data is stored in paper...

Housing Trends: The State of the Nation’s Housing 2015

Harvard recently published a study regarding housing the United States. Topics covered included housing markets, demographics, homeownership, the rental market, and housing challenges. What are some trends, opportunities, and challenges that were presented in the study, and what does this mean for owners, investors, and property managers? Housing Trends 01: Homeownership Down, Rentals Up...

Housing Market Predictions for 2015: Part 2

Rental markets will stay strong While first time home ownership will rise in 2015, thanks to households headed by 30-somethings bankrolled by greater job security and rising confidence in the housing market, younger Millennials leaving college dorms and their parent’s homes will keep the rental market robust. Americans in their 20s strongly prefer to rent in urban centers close to jobs and...

Housing Market Predictions for 2015: Part 1

With the New Year approaching, consumers, investors, industry experts, and policy makers alike all cast a critical eye toward the 2015 real estate market. 2015 marks nine years since the housing bubble peaked before crashing, and three years after home prices hit a record low post-recession. This recovery has been a slow one, and 2015 will continue the trend of slow growth, but the market is...

College Property Markets That Rocked in 2014

RealtyTrac’s Q2, 2014 Residential Property Rental Report, had some interesting things to say about what markets rocked and what markets just sunk like rocks. A look at the report shows that the second quarter just wasn’t as great as the same time last year: the average annual return for 2014 was about 9.9% compared to the 10.60% of 2013. While the report gives us a great look at all areas...

2015 Rental Market Trend Predictions

Multi-family is a market that is on an increasing uptick, as homeownership is still at an all time low. Rents continue to rise in response, and trends are looking very promising for the rental housing market in 2015. Though a number of sources have indicated that 2015 might be a fairly big year for home-buying, this is due to two factors: first time homebuyers with more cash and credit and the...

Should E-Cigarettes Be Banned in Rental Housing?

We’ve talked about the benefits of instituting smoke-free policies in your properties and covered the specific reasons why smoking tobacco in a rental unit lowers the quality of life for residents and costs more money during turnover. As the percentage of Americans who smoke cigarettes continues to decline, many former smokers to turn e-cigarettes for a seemingly safer way to get a nicotine...

When Will Millennials Invest in Real Estate? Part Two

The first part of this series highlighted the lack of participation in the housing market by Generation Y, and explored the barriers young Americans face when it comes to homeownership. You can view the first post in this series here Americans aged 18-32, commonly referred to as Millennials, are renting rather than buying, even when they are financially able to pursue a mortgage. After coming of...

Senior Housing: Is it Right For You?

According to the most recent Census data, the population of seniors- that is, people age 65 and older is on the rise. Juxtaposed that, Harvard has recently released a report indicating that more seniors are renting, as more people are moving away from owning homes in favor of rentals. Now, while a good amount of those seniors do still own homes, it was estimated that there were about 5.5 million...

Surviving the Turn: Can It Be Easier?

When I mentioned writing an article on Surviving The Turn, most people had visions along these lines: Or maybe even: Unless, of course, those people worked in property management. Surviving the Turn means something very different to most people than it does us, doesn’t it? Each and every year- whether you are a property manager, a landlord, or even a tenant, you have to deal with the end of...

Use These Green Incentives Finding Resources

Working in single-family property management seems like it’d be easier: but it brings with it a lot of issues. When I speak to landlords and property managers, one of the bigger initiatives seems to be finding rebates and incentives towards improving the energy efficiency of the properties.

What Are the Preferred Homes?

What features do Americans consider when it comes to describing preferable homes? IKEA thought it best to ask this of 4,000 Americans, between ages 25-54 with an income of $35k, to discover what they described as good homes based on their living habits. It is vital to know what people look for in prospective homes if you’re in the real estate business. Staying on top of what Americans are looking...

How Do I Increase Tenant Retention?

It’s a well known fact- if you want to save on your bottom line, you keep your tenants. One of the downsides of working in the rental industry is that it can ebb and flow quite a bit, causing a gap in between renters or tenants. With more and more places offering better incentives to move into their complexes, how do you improve your own tenant retention? What’s making them stay?

Freddie Mac’s Report On The Multifamily Markets

 
According to Freddie Mac’s recent report, the multifamily market has been showing signs of things moving towards better times. As a matter of fact, many economists credit the conditions of the multifamily market with leading the way in terms of recovery in a broader scope macro economy.

Offering Written Notice

Communicating with tenants is they key to keeping things smoothly flowing. Whether you’re needing to talk about upcoming repairs or rent notices, having things in writing is always a good thing. Utilizing a service like RentPost is definitely one way of being able to manage communications effectively and it can also help in keeping things in writing.

Rental History Becoming More Important As Credit Crunch Wears On

One of the most commonly held ways of screening a new tenant has been to check a person’s credit report. It was believed that this could give an accurate portrayal of someone’s financial behavior. However, in recent years, this has been becoming less and less accurate. A wobbly economy, financial uncertainties and other factors have changed things dramatically.

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