Rental-Units

Multifamily Housing Market Is Strongest In United States Right Now

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!If you are looking for a bright spot in the real estate investment world right now, look to multifamily apartments as your best bet. The combination of weak sales and tough financing is creating a backlog in the rental [...]

18Sep2008 | Tom Royce | 0 comments | Continued

Warning: Craigslist Rental Scam

If you are looking to find a rental unit on Craigslist, be very careful before you turn over your deposit. As just recently happened in Sacramento, a renter in the middle of eviction decided to raise money for his next abode. Instead of working for it he placed an ad in Craigslist offering to rent [...]

12Sep2008 | Tom Royce | 3 comments | Continued

High Energy Prices Affecting Landlords? You Betcha…

With many older apartment buildings, utilities are built into the rent as common furnaces are deployed. You see this much more in the northern cities where central air is not offered.
But with the sky high increases in fuel oil and natural gas, these landlords are taking a beating. This issue hit my radar screen when Warren [...]

20Aug2008 | Tom Royce | 0 comments | Continued

When Your Home Stager Runs An Escort Service In Your Home

This story on a home manager using an empty home as a place where she ran her escort service that was on the Fox 5 Atlanta News last night and is absolutely horrific in my opinion.
The homeowner had a house they were trying to sell sit empty for 2 years. They hire a home staging company put a [...]

12Aug2008 | Tom Royce | 2 comments | Continued

Top 10 Highest Rental Markets in 2nd Quarter, 2008

The rise in rents across the country in major cities is going against the conventional wisdom of the market. You would think with a housing slump that a rents would be going down as inventory increases, but markets such as New York saw rents increase by 7.7% and San Francisco by 9.4%.
Sure you can [...]

5Jul2008 | Tom Royce | 2 comments | Continued

Home Ownership Drops, Rentals Become Hard To Find

The New York Times has a snarky article on homeownership and the inability of the country to maintain the levels of 2005. George Bush tried to raise the level of homeownership and lenders extended money to many who were not positioned to pay these loans.
We have seen what happened.
The ugly truth is that there is [...]

21Jun2008 | Tom Royce | 1 comment | Continued

Beach House Sales Dropped 31% In 2007

I found this interesting nugget on beach home rentals in a Wall Street Journal article.
Vacation home sales plummeted 31 percent last year. That is one heck of a hit.
We were down on the Gulf Coast of Florida in Mannasota Beach last January and there were waterfront homes for sale all over the place. Anecdotally this market weakness makes [...]

16Jun2008 | Tom Royce | 0 comments | Continued

Michigan Business Tax levies greater impact on real estate firms -

Back in March I talked about how the Michigan legislature was trying to destroy real estate values in the state with a new tax system. Well, they passed the tax and now it is in effect.
Take a wild guess who it is going to hurt the worst. You got it, landlords and real estate [...]

15May2008 | Tom Royce | 0 comments | Continued

Why Rental Market Is Going Strong

Looking to invest in real estate, the rental market may be your best friend right now. As homeownership costs are still outpacing the cost of renting by nearly 10 percent and purchasing a home is difficult in a tight capital market, renting is still the option of choice for many. Investment News has an article [...]

5May2008 | Tom Royce | 2 comments | Continued

Rental Market Bright Spot On Real Estate Horizon

If the surge in demand in rental units is a surprise to any of you please go back into your dark room and close your eyes.
Shelter is a base item in Maslow’s Hierarchy of Needs. As they say, if you have food, shelter, and water you can live. So it is no surprise that [...]

18Mar2008 | Tom Royce | 2 comments | Continued