Landlords know they’ll have trouble finding new tenants if they lose the ones they have, industry observers say, so some of them are more willing to give struggling tenants a break.
“The economy has hit the apartment industry in a lot of different ways,” said Brad Cathers, past president of the Tennessee Apartment Association
via The Tennessean.
“For those unfamiliar with RM systems, they price apartments kind of like hotels price their rooms. Prices can change daily.”
Over the last 12 months, 37% of Coldwell Banker Real Estate real estate sales professionals noted an increase in buyers looking to purchase homes to suite more than one generation of their family, according to a recent Coldwell Banker survey of its network of professionals.
via Read More.
Bakersfield landlord said people moved into his rental home without his permission after paying the deposit with a bad check. That started a much bigger case that ended with the arrests.
via Bakersfield Now
So how can you make sure that you don’t get stuck with a tenant you’re eventually going to have to evict? How can you find the perfect tenant? Well, here’s how I do it. Recently, I had a tenant move out of one of my properties. And while most people freak out and quickly call the newspaper to begin running classified ads, I do something else.
Vacancies in many apartment buildings have increased to between 30% and 40% in many areas of the country. Apartment building owners who just a few years ago had occupancy rates as high as 90% to 100% are now facing a situation where they are unable to pay their mortgage and can’t cover their operating expenses.
via Read More.
If left alone, these buildings would become homes for the homeless, gang activity, looters and pranksters, etc. So what the investment company wanted to do, since they wanted to sell the properties as homes in the long run but couldn’t in the short run, was get someone to squat in these buildings for them; they were looking to hire a respectable squatter, get him on the payroll through really cheap rent, and he or she who could do whatever in the building as long as it wasn’t destructive of value.
via Seeking Alpha.
Some landlords are starting to adjust the amounts they collect from their tenants based on the credit strength of the tenants. Many claim this is discrimination and there are probably some localities either preventing it or limiting it, or they will
