With all of this talk about trending rent increases leading to the rent-affordability crisis, as coined by Zillow, we discover a new and interesting solution that provides smaller, but more affordable rental housing to lower income tenants living in the city. We also take a look at renters insurance, and what burning questions most landlords and tenants have. Forbes takes a closer look at where millennials are setting up shop and, as a result, where the best markets to rent to these millennials are. In addition to these interesting topics, This Week in Rental Property also takes a closer look at the Los Angeles rental market where there is a dilemma between the company Airbnb and the government.
TWiRPs
- Good magazine, in their article on how small homes make better cities, influence the reader to think about how city life is changing. Could these new small rental units change the market? Are purchasing small units to accommodate people with less income something that could be a profitable venture for landlords and property managers?:
http://magazine.good.is/articles/small-homes-make-better-cities
- Property Management Insider gives us another interesting article on the increased demand for renters insurance. Do your tenants have renters insurance? Read this article for some answers on the top 10 questions being asked by both residents and landlords below:
http://www.propertymanagementinsider.com/renters-insurance-top-10-questions-resident-and-landlords-are-asking
- Forbes brings us an interesting article studying different markets. They determined the best markets to rent to millennials. Their hottest market could be down the street from you! Check out more in the link below:
http://www.forbes.com/sites/darenblomquist/2015/02/10/best-markets-to-rent-to-millennials-in-2015/
- This week, from Curbed, we check out what $2100 a month can get you in Los Angeles:
http://la.curbed.com/archives/2015/01/what_2100_a_month_rents_you_in_los_angeles_right_now.php
- Airbnb is negotiating with LA according to KPCC. Should landlords renting their properties in LA have to pay more taxes? Or should they be allowed to rent in the short term with little to no tax?
http://www.scpr.org/news/2015/02/11/49756/airbnb-in-negotiations-with-los-angeles-over-colle/
