Renters in South Australia (SA) would no longer have to choose between keeping a roof over their heads and giving up a pet under proposed law changes. The state’s government on Sunday announced it will consult on a bill to include a presumption in residential tenancy laws that a renter who applies to keep a…
‘Very Real Risk’ of Landlords Exiting Rental Market Amid Soaring Mortgage Rates
There is a “very real risk” of landlords quitting the rental market under the pressure of soaring mortgage rates, a property firm has warned. According to research conducted by Savills, Investors’ net profits fell below 4 percent in the first quarter of 2023, marking a “dramatic shift in finances” for mortgaged buy-to-let buyers. Average net…
Ban on ‘No-Fault Evictions’ in Reform of Private Rental Sector
The government has announced plans to abolish so-called “no-fault evictions” as part of its overhaul of housing laws. The Renters’ (Reform) Bill, introduced to Parliament on Wednesday, will also “empower renters to challenge poor landlords without fear of losing their home,” the Department for Levelling Up, Housing and Communities said in a statement. Renters will…
Airbnb Will Push Rooms as Low-Cost Option to House Rentals
DALLAS—Airbnb is making a renewed push into renting single rooms in a nod to its beginnings and a realization that renting an entire house is too expensive for many travelers, especially younger ones. The short-term rental company rolled out a new offering Wednesday that it calls Airbnb Rooms. Guests can rent a room in the…
Rents Hit Fresh High as UK Housing Supply Remains Squeezed
Average rents have continued to hit new record highs as the amount of available housing continues to fall short of demand, a property website has said. The average rent being asked across Britain outside London, which has been rising every quarter since the end of 2019, has reached a new record high of £1,190 per…
How to Utilize Real Estate in Your Retirement Portfolio
By Chris Kampitsis Owning investment real estate to generate income during retirement can be a valuable addition to your portfolio. There are several ways to utilize real estate in your retirement portfolio. In this article, we explore several ways owning real estate could be incorporated into your current balance sheet and become a major part…
Los Angeles County Extends COVID Eviction Ban Again, Following City of LA
January 25, 2023
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Following in the footsteps of the Los Angeles City Council earlier this week, the Los Angeles County Board of Supervisors has voted to extend the COVID-19 era emergency protections for renters—this time for for another two months. The protections were set to expire on Jan. 31. Under the emergency order, tenants eligible for such protection…
New Hampshire Governor Rips Biden for Pulling Plug on Rental Assistance
New Hampshire Republican Gov. Chris Sununu is accusing the Biden administration of pulling the plug on rental assistance for the state, which he said will shut down the program as residents grapple with housing and energy costs. Sununu said the U.S. Treasury decided “without notice or explanation” to reject $67 million in additional federal Emergency…
Inflation Pushes Rents to Record High, New York City’s Climb Above $4,000
August 30, 2022
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Inflation is pushing rent to new highs, as more than half of U.S. metropolitan areas have witnessed double-digit rent increases, with even some of the “hotter” regions in the Sun Belt showing signs of cooling down, according to the Zumper National Rent Index for August. Many renters who were already facing high rents are also facing a…
Why Rental Properties are Still A Good Investment in a Recession
Commentary If you’ve been a real estate investor during the past decade, you likely reaped the benefits of price appreciation. Even if you had only a minimal understanding of how to invest in real estate, you could still watch your home value consistently increase while raising your tenants’ rents every year. In the past two…
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