Landlord tips and housing news
1.2K views | +0 today
Follow
Landlord tips and housing news
News articles that are landlord friendly - great tips!
Curated by Lori Sharp
Your new post is loading...
Your new post is loading...
Scooped by Lori Sharp
Scoop.it!

Five things that might surprise you about the fastest-growing segment of the housing market

Five things that might surprise you about the fastest-growing segment of the housing market | Landlord tips and housing news | Scoop.it
Today, single-family rentals account for 35 percent of America's 44 million rental units, compared with 31 percent in 2006.
Lori Sharp's insight:
Our target market... the Millennials are bringing more to the rental table: "Young people are waiting longer to get married and have children, which can make renting more economical. And while the age distribution of the US population suggests most millennials are reaching the age of household formation and demand for single-family homes, much of this demand is likely to be channeled into the rental market."
more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

U.S. Needs 4.6 Million New Apartments By 2030 To Keep Up With Demand

The U.S. will need 325,000 new apartments, especially in the West,  every year between now and 2030 to meet the growing demand
Lori Sharp's insight:
Have you ever considered rentals as your next investment opportunity? You may move them higher on your list after reading this article. In our area, the demand for rentals is very high and it's driving rental prices up ... What are you waiting for?
more...
No comment yet.
Rescooped by Lori Sharp from Luxury Homes and Commercial Real Estate
Scoop.it!

Rents in San Francisco — and these 4 other cities — are getting slashed like crazy

Rents in San Francisco — and these 4 other cities — are getting slashed like crazy | Landlord tips and housing news | Scoop.it
It’s time to negotiate lower rent. Here’s how to do it.

Via Enzo Calamo
Lori Sharp's insight:

In another article yesterday, East Coast cities like New York were also slashing or offering concessions equal to 1.3 months rent in order to attract tenants. Is this the sign that rents have peaked and may slowly be starting a downward trent? We shall see...

more...
No comment yet.
Rescooped by Lori Sharp from Luxury Homes and Commercial Real Estate
Scoop.it!

How To Avoid A Small Claims Dispute With Your Landlord

How To Avoid A Small Claims Dispute With Your Landlord | Landlord tips and housing news | Scoop.it
If you have ever watched Judge Judy, you probably have the impression that most small claims cases involve landlord/tenant issues. Despite what you may have seen on TV, the majority of disputes between landlords and tenants can be avoided if you take some simple precautions. The most common reason that tenants [...]

Via Enzo Calamo
Lori Sharp's insight:

If you're a landlord, there is a fine line between "Normal Wear & Tear" and damage to your rental property. Before you get too harsh in your accounting - ask yourself "Is this worth going to small claims court over?"   The most common reason that tenants and landlords end up in small claims court is due to disagreements over the return of the tenant’s security deposit.

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Cottages For Homeless People In Dallas Will Save Taxpayers About $1.3 Million

Cottages For Homeless People In Dallas Will Save Taxpayers About $1.3 Million | Landlord tips and housing news | Scoop.it
Dallas seems to have taken a cue from its neighbors in Houston on how to effectively tackle, and put an end to, chronic homelessness.  Starting November, 50 chronically homeless individuals in Dallas will
Lori Sharp's insight:

Numerous studies have found that “housing first,” which involves giving homeless people homes and then addressing their health and unemployment issues, is efficient and cost-effective.

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

The National Voice of Private Renters

The National Voice of Private Renters | Landlord tips and housing news | Scoop.it
Lori Sharp's insight:

If you are a renter, did you know that there are many voices out there protecting your rights? Here is a National Organization that is helping out an ever growing group of renters/tenants. Even on a local level we have tenantunion.org. Check out this article and see how this group may be helping you...

more...
No comment yet.
Suggested by Samar_Oberoi
Scoop.it!

Best Dog Breeds for Apartment Friendly Living | Pets World

Best Dog Breeds for Apartment Friendly Living | Pets World | Landlord tips and housing news | Scoop.it
Choose apartment friendly dogs that fit into your lifestyle easily. Find dog breeds which are ideal for homely environment.
Lori Sharp's insight:

Finding pet friendly rentals is always a challenge in our area. Some tips are to have references for them, show that they are up to date on vaccinations and if you have a certificate from obedience school that helps too. Check out this list of the most landlord friendly dog breeds and see if your pup is on there =)

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Leaving Homeless Person On The Streets: $31,065. Giving Them Housing: $10,051.

Leaving Homeless Person On The Streets: $31,065. Giving Them Housing: $10,051. | Landlord tips and housing news | Scoop.it
The latest study to find that it's far cheaper to house the homeless rather than leave them on the streets.
Lori Sharp's insight:

Almost a $20k savings by 'giving' the homeless housing instead of incarceration costs. Lets fill those empty homes and improve the quality of life for all. 

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Utah is Ending Homelessness by Giving People Homes

Utah is Ending Homelessness by Giving People Homes | Landlord tips and housing news | Scoop.it
Earlier this month, Hawaii State representative Tom Bower (D) began walking the streets of his Waikiki district with a sledgehammer, and smashing shopping carts used by homeless people. “Di
Lori Sharp's insight:

All I can say is WOW - about time! I'd love to see this across our nation. Lets help those closest to home first, not 3rd world countries. In 2005, Utah figured out that the annual cost of E.R. visits and jail stays for homeless people was about $16,670 per person, compared to $11,000 to provide each homeless person with an apartment and a social worker. So, the state began giving away apartments, with no strings attached. Each participant in Utah’s Housing First program also gets a caseworker to help them become self-sufficient, but they keep the apartment even if they fail. The program has been so successful that other states are hoping to achieve similar results with programs modeled on Utah’s.

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Landlord Property Management Magazine » 10 Ways to Prevent Damage to Your Rental Units

Landlord Property Management Magazine » 10 Ways to Prevent Damage to Your Rental Units | Landlord tips and housing news | Scoop.it
Lori Sharp's insight:

I absolutely love #9. Watch the weather. Storms cause significant property damage, and lately we’ve been seeing some monsters.  Once the surge is over, check for roof damage, clogged gutters, and poor drainage that may leak into the foundation. When was the last time you checked on or inspected your rental investment?

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Rental Report: Tenant Screening Tips - ARL now

Rental Report: Tenant Screening Tips
ARL now
Not everyone is going to look perfect on paper, but you can still save time, headaches and money by following some of these tips.
Lori Sharp's insight:

One of best tools to reduce risk in your rental investment is to run a background check on every applicant. Here are some tips to help you stay ahead of the game and make your property safer and a less risky investment.

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Enhance Your Home's Safety and Increase Its Market Value: 5 Easy-to-Implement Upgrades

Enhance Your Home's Safety and Increase Its Market Value: 5 Easy-to-Implement Upgrades | Landlord tips and housing news | Scoop.it
Remodeling your home to increase its market value isn't as easy as it was during the housing market's heyday.
Lori Sharp's insight:

Not only may these tips increase market value, but they will pique renter interest as well if you offer them as features in an income producing property. Do you have any other suggestions on safety tips that would make your home more appealing?

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

DIY Industrial Curtain Rods

DIY Industrial Curtain Rods | Landlord tips and housing news | Scoop.it
DIY Industrial Curtain Rods - Curtain rods are one of those things that can really use up your decorating budget fast - especially if you need extra long ones.…
Lori Sharp's insight:

Whether you're a landlord who provides window coverings or a tenant looking for economical ways to keep those curtains up and in place, this is a great tip! I may do this myself. Looks like they will handle my 3 toddlers pulling much easier than the old aluminum rods and hooks. My 3 yr. old has broken so many of those Ive lost count. Do you have any creative ways you've hung window coverings with? I'd love to hear them!

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Elevated Demand for Apts. Expected to Remain Due to Household Formation and Lack of Affordable Housing Options - CoStar Group

The first study was co-commissioned by the National Apartment Association (NAA), sponsor of NAA Education Conference & Exposition running this week through Friday at the Georgia World Congress Center in Atlanta. The report projects that based on current trends, an additional 4.6 million new apartment units will be needed by 2030 to keep up with demand as younger people delay marriage, the U.S. population ages and immigration continues.

Lori Sharp's insight:
Rental Housing Demand to stay strong through 2030? 

The first study was co-commissioned by the National Apartment Association (NAA), sponsor of NAA Education Conference & Exposition running this week through Friday at the Georgia World Congress Center in Atlanta. The report projects that based on current trends, an additional 4.6 million new apartment units will be needed by 2030 to keep up with demand as younger people delay marriage, the U.S. population ages and immigration continues.
more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Pay deposit, register to vote: Kshama Sawant plan would have landlords give voter info to new renters

Pay deposit, register to vote: Kshama Sawant plan would have landlords give voter info to new renters | Landlord tips and housing news | Scoop.it
An ordinance proposed Monday by City Councilmember Kshama Sawant would require landlords to provide new tenants with voter-registration information.
Lori Sharp's insight:
While I feel that the idea behind this has merit, when you submit an address change they ask you if you'd like to update your voter registration. So really, the only time you would not have it updated is if you never submitted an address change card with the post office...  What do you think? More burdens for landlords by having to supply new renters with voter registration forms?
more...
No comment yet.
Rescooped by Lori Sharp from Luxury Homes and Commercial Real Estate
Scoop.it!

5 Ways You Should Be Screening Potential Landlords

5 Ways You Should Be Screening Potential Landlords | Landlord tips and housing news | Scoop.it
The real estate rental market is fast paced, competitive and sometimes daunting. During the stress of finding a rental that fits your needs, you sometimes run into yet another brick wall: the landlord. Some landlords can be nosey people. Every corner your turn at an apartment viewing they’re racking off [...]

Via Enzo Calamo
Lori Sharp's insight:

Screening of a tenant by a landlord is not the only check that should be done before signing on the dotted line. If you're a renter, make sure you're screening your new landlord before you sign that lease. Here are five ways to screen your landlord or property manager before you sign a lease.

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

What to Do When Tenants Owe More Than Their Deposit Will Cover

What to Do When Tenants Owe More Than Their Deposit Will Cover | Landlord tips and housing news | Scoop.it
No matter how you screen, unfortunately someday a tenant will trash your property. So what now? Here's the best way to handle this sticky situation.
Lori Sharp's insight:
What to do when tenants owe more than their deposit will cover?Send It to Collections!

Collection agencies are designed to pursue individuals for their past-due payments. They use a variety of techniques to get this money, including tracking down the tenant and calling them repeatedly until the debt has been paid. These collection accounts also show on the credit report - for future background checks. Many landlords will not rent to a tenant who owes money on a rental.

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Home Buying: What are the pros and cons of rent to buy option in this market? - Trulia Voices

Home Buying: What are the pros and cons of rent to buy option in this market? - Trulia Voices | Landlord tips and housing news | Scoop.it
What are the pros and cons of rent to buy option in this market? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
Lori Sharp's insight:

I loved reading all the comments in this article. They have brought up so many more points than I would have thought about regarding "rent to own". My favorite - there is no home inspection so if there is a problem with the home you may not find out about it until you've paid quite a bit in and then it's too late to cut your losses. Have you ever done a "rent to own"? What was your experience?

more...
No comment yet.
Suggested by Karuga Edwin
Scoop.it!

Preparing To Rent Out Your Home - MovingOut

Preparing To Rent Out Your Home - MovingOut | Landlord tips and housing news | Scoop.it
If you’ve entertained thoughts about renting out your home, there may be a few questions you’ve already asked yourself, such as, “How will I feel about strangers moving into my home? Will my tenants be responsible?” Owning a rental property can require hard work, patience and planning.  On one hand, there’s the good to consider, …
Lori Sharp's insight:
Here is a good read if you've been considering renting out space in your home or getting into rental property investments.
more...
No comment yet.
Suggested by Jacob Grant Property Management
Scoop.it!

How to Screen for Great Tenants | Property Management

How to Screen for Great Tenants | Property Management | Landlord tips and housing news | Scoop.it
When it comes to maximizing the profitability of your rental investment nothing is more important than finding and retaining quality tenants. Learn how to screen for quality long term tenants.
Lori Sharp's insight:

To minimize your risk, you should always use due diligence in checking out your prospective tenants. While this is not 100% fool proof, it will help you to alleviate many headaches down the road. In WA State, it is required to have a "Renter Criteria' that you  use across the board for every applicant. Make sure you are in compliance with the Fair Tenant Screening Act before you advertise your next vacancy.

more...
Lori Sharp's comment, June 4, 2014 4:57 PM
I did, thank you!
Lori Sharp's comment, June 4, 2014 4:57 PM
I did, thank you!
Lori Sharp's comment, June 4, 2014 4:57 PM
I did, thank you!
Scooped by Lori Sharp
Scoop.it!

Why Apartments Ban Pets, Allow Service Animals

Why Apartments Ban Pets, Allow Service Animals | Landlord tips and housing news | Scoop.it
Some tenants have pets. Others have service animals. What's the difference?
Lori Sharp's insight:

I love how this article is very down to earth and covers most scenarios that I've encountered over time. If you're a landlord or a tenant with a service/companion animal, I recommend reading this for more information...

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Tory Tips: TIPS TO HELP YOU AND YOUR NEW TENANT GET OFF TO A GREAT START!

Tory Tips: TIPS TO HELP YOU AND YOUR NEW TENANT GET OFF TO A GREAT START! | Landlord tips and housing news | Scoop.it
You made it past the hard part, you leased out your apartment! Now What? Now you try to make your new tenant transition into your property as smooth as possible. With these easy tips you can make your new tenant transition smoother, and therefore they will be happier.Offer moving services. Partner with a moving company in which you could send...
Lori Sharp's insight:

Just because the signature is on the dotted line does not mean that you need to stop providing help to your new tenant. You sold them the property, worked with them on the lease agreement and most times the only other contact is the monthly rental payments. Check out this great article to make your new tenants moving day stellar! I would encourage any landlord to at least offer #2 and #4. No cost other than maybe a piece of paper with information on it... Do you have any other tips to share? I'd love to hear them!

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

5 Ways Property Managers Can Build Long-Term Relationships with Student Renters

5 Ways Property Managers Can Build Long-Term Relationships with Student Renters | Landlord tips and housing news | Scoop.it
Roughly 30% of students enrolled in traditional on-campus degree seeking programs look for off-campus housing. Students watch the budget, but aren't looking for low-quality options that mirror cramped dormitories and cafeteria meal plans. Echo Boomers are looking for convenience and quality of life. Tweet
Lori Sharp's insight:

In our local area, I often hear questions from my current clients and those looking to turn their rentals into student friendly housing. Here is a great article with tips on how to make your rental more College Student friendly. 

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

5 Ways to Warm Up an Older House

5 Ways to Warm Up an Older House | Landlord tips and housing news | Scoop.it
If you live in an older home, consider any one of these energy-saving upgrades to reduce heating costs and still stay warm this winter.
Lori Sharp's insight:

During the cold months, one of the biggest concerns I hear when showing rentals for my clients is "what is the heating cost?" Here are some excellent tips whether you rent or own to try and keep your winter heating bill to a minimim. Do you have any other tips?

more...
No comment yet.
Scooped by Lori Sharp
Scoop.it!

Oregon Residential Landlord-Tenant Law - Limits Use of Public Records

Lori Sharp's insight:

Big changes are on the horizon for Oregon landlords who screen tenants. Beginning Jan. 2014, there are l imitations on some of the public records that you may be relying onto base your decision to rent or deny. This wonderful article from the folks at Moco Inc., highlights what you will need to know and be aware of in the near future.

more...
No comment yet.