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Installing a ceiling fan in each living space will help tenants feel cooler while saving energy.
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Screening tenants before you rent is half the battle when it comes to maintaining the profitability of your rental property.
But circumstances can change after your tenant moves in. If you’re not careful, your ideal tenant can wind up becoming a potential rent collection problem.
Maintaining a current and complete tenant file is critical. Here is a list of the types of information you should track:
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Aspiring home owners are thinking small with their purchase, a trend that is expected to grow in the coming years, according to a new report — "The Shifting Nature of U.S. Housing Demand" — by the Demand Institute, a division of the U.S. Conference Board.
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Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of REALTORS® quarterly commercial real estate forecast. The apartment rental sector has fully recovered and is growing.
The apartment rental market – multifamily housing – is likely to see vacancy rates drop from 4.5% in the second quarter to 4.3% in the second quarter of 2013; apartment vacancy rates below 5% generally are considered a landlord’s market with demand justifying higher rents.
Areas with the lowest multifamily vacancy rates:
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30-year fixed-rate mortgages averaged a new record of 3.78%, dropping from last week’s previous record low of 3.79%. A year ago at this time, 30-year rates averaged 4.60%.
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Home inventories of for-sale listings continue to fall, which may help raise overall housing prices as demand picks up.
Inventory of for-sale single-family homes, condos, townhouses, and co-ops dropped by 18.85% in April compared to a year ago, according to housing data of 146 metro markets tracked by REALTOR.com.
The median age of inventory dropped by the highest percentages in the following metro areas:
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The top 15 cities for recent college graduates for 2012 are:
1. Washington, D.C.
One-bedroom average rent: $1,696
2. New York
One-bedroom average rent: $1,789
3. Boston
One-bedroom average rent: $1,814
4. Minneapolis
One-bedroom average rent: $974
5. Dallas
One-bedroom average rent: $912
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Home owners’ insurance premiums have been on the rise lately with many home owners seeing double-digit hikes and a rise in average annual premiums now over $1,000. Real estate professionals can help show their clients how they may be able to curb their home owners’ insurance costs.
A recent article at Money Magazine offers some of the following tips:
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Mobile manners are getting worse, according to 81% of 2,000 Americans recently surveyed by Intel. 92% of those surveyed said they wish the public would get more respectful with their mobile etiquette.
Some of the offenses include:
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