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It would be easy if you could set up your Qui’ja board and ask what was going to be the best for both now and in the future. Unfortuantely, it doesn’t work that way. This question is one property managers have struggled with for decades, and will continue to debate. Technology and our prospects change consistently, as are distribution points as publishers vie for market share.
12%: The increase in the cost of renting one’s home since April 2006 when home prices peaked.
via WSJ.
When Shawnetta Newburn left her drug-infested St. Louis neighborhood in search of a better life for her family in Las Vegas, she didn’t expect to live in a house with frills worthy of a McMansion.
But Paradise awaited.
That’s the name of the gated community where Ms. Newburn, a single mother who makes $10.50 an hour as a pawn-shop cashier, rents a three-bedroom townhouse with soaring ceilings, a gas-fueled fireplace and an oversize walk-in closet in the largest bedroom. The master bath even includes an enclosed toilet room, a feature popular in mini-mansions.
via WSJ.com.
I have a client that is very green in the rental business. He signed a lease with a tenant for 6 months. The tenant moved in but hasn’t paid him a dime. No month in advance, deposit, rent etc. What can be done to get this person out?
Here are some tips to making sure that you as the landlord (not as the friend) is protected if this friendship goes south and your “friend” becomes the bane of your existence!
My former tenants frequently use me as a reference when they switch apartments. I think it is because I am both a landlord and a real estate broker; they think I can talk the talk.
Well I can, but a lot of the landlords and agents who call me can’t.
Here are the two worst types of reference check calls I get:
via Boston.com.
My clients are generally sensitive to conflicts of interest. Recently one of them had this dilemma:
He wanted to rent his condo for one year, for a tax advantage, and then sell it. Should he rent my condo to someone he supervises at work?
via Boston.com.
So, if renters aren’t all rushing to buy homes, where are they going? More families wound up in shelters, the report said. But many others are moving back in with family or shacking up with friends to save on rent, the report suggests.
via StarTribune.com.
