By Cathy Hobbs From Tribune News Service Short-term rentals remain more popular than ever. From vacationing locals to suburban environments that appeal to those seeking a location outside of an urban center, short-term rentals are an attractive alternative to traditional hotels, especially for families. While renting your home as-is may provide cost savings, you may…
Is Being a Landlord Worth It?
Real estate has been a popular investment for a very long time—for those who can afford it. But in recent years, trends such as house flipping, “house hacking” (living in one room of a property while renting out the others) and short-term vacation rentals have made real estate investment much more accessible, especially for millennials…
When First Jumping Into Rental Real Estate—Be Very Careful
Dear Monty: I want to buy my first rental property with my husband. We plan on purchasing with cash and buying cash flow of $1,500 a month. We found a property with three units and a monthly rent of $1,500. The only red flag is that it is reasonably priced and has been on the…
Four Actions to Take When Raising Rents
Dear Monty: I bought a six-unit apartment building recently. How can I soften the blow to the tenants when I raise their rent? Monty’s Answer: The nature of your question suggests this is your first rental property. You gave little information about the property, such as location, age, condition, staggered lease terms, etc. It is…
A Look at Surging U.S. Rents
August 11, 2022
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Alternative InvestmentsBrighthousing shortageinvestingpersonal financereal estaterental pricesrental properties
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Part I of a series Moving to a new city and searching for a place to live can be challenging. Home prices are high, and interest rates are climbing. As a result, many people are turning to rental properties to wait it out. Rental properties are a casualty of high interest rates and skyrocketing home…
Investors Buying Up Record Share of American Homes: Redfin Report
February 18, 2022
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Business & EconomyeconomyInvestmentMarketsreal estate investmentrental propertiesU.S. home pricesU.S. investorUSUS News
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Homes bought by investors made up a record 18.4 percent of the total homes sold in the United States during the final quarter of last year, based on a report by realty company Redfin, drawing scrutiny from lawmakers who have blamed the trend for driving up home prices. The Q4 numbers reveal an uptrend from…
Manhattan Rentals See Highest Rise in December: Douglas Elliman
January 15, 2022
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Business & EconomyeconomyLocal Newsmanhattan real estateNew YorkNY NewsNYC rentalsRegional-Local Newsrental propertiesUS
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Median rental prices in Manhattan increased to their highest level for a December month and the number of new leases fell as contrasting numbers were recently reported from the real estate market. The average rental price went up 0.6 percent monthly and 12.9 percent yearly to reach $4,440, and the more-widely monitored and reported median…
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