Rents typically increase during recessions when households are priced out of the market and the industry becomes more competitive. However, it is not always the case. Large multifamily properties experienced a steep 4.1% rent decline in 2009 due to the 2008 economic crisis, while vacancy rates reached a record 10.6%. The Great Recession affected the […]
The inflation rate has been at its highest since the 1980s. The Covid-19 pandemic has left the economy in a tough state, which only seems to worsen so far. The real estate industry grapples with the rising cost of debt. Loan rates with 3% quotations are now in the high 4%. The impact of rising […]
As we’re heading towards the seasons of sun, ocean breeze, soothing hammocks, and exciting rapids, 2022 shows promising for short-term rentals overall. The economic struggles of the previous years are slowly being overcome, and recovery is currently underway. In many parts of the country, we’re already seeing restrictions being lifted as the pandemic is conquered […]
In today’s real estate market, the competition is so intense you’ll need to have skilled promotional and sales abilities and embrace other intelligent ways to entice potential vendors to stand out and grab your fair share of clients. In that context, the ultimate objective when running a real estate business is to select the appropriate […]
There are very few people with the resources to finance their real estate investments. Most investors use leverage, the process of securing mortgages or loans to purchase a property. The potential for a high return on investment in rental properties is a lucrative one. According to the Pew Research Center, 44.1 million households pay rent […]
We all love to discover a great bargain, but when it comes to high-cost items like real estate, you can save thousands of dollars over the length of your investment. Still, we tend to gravitate towards the famously desirable, overpriced markets, even if they’re not affordable. If you can’t spare the cash to purchase a […]
Landlords need to use all possible tools at their disposal to facilitate the organization and management of their properties. Also, as a landlord, you are responsible for ensuring your tenants’ safety and making your properties a pleasant place to live. According to data on burglary rates, renters fall victim to burglaries more often than homeowners, […]
Building a real estate investment portfolio requires understanding how to choose the right loan for individual projects. The lending market is complex — however, gaining a working understanding of lenders, loan products, rates, terms, eligibility, and down payment requirements is an essential responsibility for any savvy investor. Here’s a quick review of the different types […]
Every year, property managers have to take time to revamp their strategies. From making moves in their personal career growth to making big profits for their clients, there’s a lot of work to be done. What’s more, you have to keep an eye on the changes in the rental industry and be proactive if you […]
Found yourself in the situation when you need to sell your house fast? No panic! In this article, we won’t be trying to get to the root of the problem. Instead, we offer some solutions that could help you find a buyer in mere days! Concentrate on a few steps that might deliver the highest […]
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