3 Reasons to Retain a Tenant in Your Rental Property
Regardless of the economy or the rental market, it is always a good time to retain your tenants. To keep tenants from moving out, some landlords have been offering incentives like free cable and even large-screen TVs to go with them. But is it really worth it to invest that kind of cash into keeping [...]
Categories: Housing Trends, Landlord Tips, Rental Property Management, Rental Property Tips, Retaining Tenants, Tenant Management, Tips for Tenant Retention Tags:
Advertising Rentals: Include the Walkability Rating
When it comes to advertising a rental property, most landlords are sure to include the basics: the number of bedrooms and bathrooms, any included appliances, and of course, the area of town or neighborhood it’s in. But you might be surprised to hear that potential tenants also want to know about an area’s walkability rating. [...]
Categories: Advertising Walkability Ratings, Housing Trends, Landlord Tips, Rental Property Advertising, Rental Property Management, Walkability Rating, WalkScore.com Tags:
The Other Victims of Foreclosures: Pets
Are pets welcome in your rental properties? If so, you may have noticed more tenant applicants who are moving their pets along with their kids and furniture. Pet ownership is up in the United States—and so is the percentage of rental units that are pet-friendly. But one reason for more pet-owning rental applicants may be the [...]
Categories: Allowing Pets in Rentals, Foreclosure and Pets, Housing Trends, Landlord and Tenant FAQs, Landlord Tenant Issues, Pet Policies for Landlords, Rental Property Management, Tenants with Pets Tags:
Is Providing Tenants with Free Internet a Smart Move?
In 2007, the U.S. Census Bureau reported 62% of U.S. households used the Internet in their home. That’s an enormous increase from 18% in 1997, the first year Internet use was tracked. 82% of those users reported having high-speed access, and 17% reported use of a dial-up connection. By October, 2009, some reports stated that [...]
Categories: Free Internet for Rentals, Housing Trends, Landlord and Tenant FAQs, Landlord Tips, Rental Market, Rental Property Market, Rental Property Trends Tags:
NAHB Multifamily Housing Market Index Released; Struggling Market Expected to Continue
The National Association of Home Builders recently released its Multifamily Housing Market Index for the 4th Quarter 2009. The Index shows a dampening of enthusiasm among those polled, to say the least. At the time the data was complied, rental housing vacancies were expected to continue increasing, as was supply. Asking rent dropped from the 3rd [...]
Categories: Apartment Rental Index, Apartment Vacancy Report, Housing Trends, Multifamily Housing Market, Rental Property Market Tags:
4th Quarter 2009 Apartment Vacancy Hits 8%
Reis, Inc., a real estate research firm just released its 4th Quarter 2009 apartment vacancy report. As expected, it hit 8%—the highest in thirty years. The poor state of the U.S. job market continues to be blamed, as job creation lags behind other positive economic indicators. Young people, who are typically apartment renters, have been [...]
Categories: Housing Trends, Landlord Tenant, Rental Market, Rental Property Management, Renting and Leasing, US Apartment Vacancies, Vacancy Rate Tags: landlord, property, rental, tenant
What Do Tenants Want?
Higher rental inventories and overbuilding, plus foreclosed homes and job losses combined to create one tough rental market in 2009—and it’s predicted to continue through 2010. So what will make your rental property stand out from the rest? With tenants in the driver’s seat, asking for lower rents and other amenities, what can landlords and property [...]
Categories: Amenities to Attract Quality Tenants, Amenities to Attract Quality TenantsRental Property Management, General, Housing Trends, Landlord Tips, Marketing for Landlords, Real Estate Investment Property, Rental Property Management, What Tenants Want Tags: background, landlord, property, rental, tenant
Real Estate Investment Property: Where to Buy
Some real estate investors are always looking for the next hot market for rentals. Others prefer to keep their purchases of investment property close to home—so they can better manage their properties. Still others are sitting this market out—waiting for home values and rents to stabilize before even thinking about buying additional properties. Here are a [...]
Categories: Buying Rental Property, Housing Trends, Landlord Tips, Real Estate Investment Property, Real Estate Market U.S., Rental Property Management, Where to Buy Income Property Tags: background, company, employment, landlord, property, rental, tenant
Is the New American Dream House a Rental?
The latest statistics from the US housing market slide point to what may be a new reality—and a key to economic recovery. More Americans than ever are walking away from homes and mortgages they are upside-down in and replacing a monthly house payment with a monthly rent payment. The combination of mortgage balances that far exceed [...]
Categories: Default Mortgage, Housing Trends, Investment Property, Renting Property Management, US Economy, US Housing Market Tags: employment, free, landlord, national, property, rental, tenant
Report Shows Confusing Housing Market
Zillow, the popular home-price website, also conducts surveys of homeowners, and occasionally publishes the results. Last month, their report showed that there is much confusion over pricing and home values. In the northeast, home values are rising more than their owners realize. Only 20% of homeowners believed their homes gained value over the past 12 months—but [...]
Categories: Housing Market, Housing Trends, Investment Property, Rental Property Investing, Renting Property Management Tags: employment, landlord, national, property, tenant