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Five Ways To Avoid A Craigslist Rental Scam

Avoid Getting Ripped Off on Craigslst

Renting a home is a very stressful process. You have to find the right house, in the right neighborhood, at the right price before someone else snatches the home right out from under you. And the scammers know this, and frequent Craigslist to take advantage of you. Finding the perfect home at the perfect price is tough, and our defenses ... Read More »

Home Starts Surge on Rental Construction Demand

new construction in march 2013

Home builders are thrilled today on reports that demand for new construction improved significantly during the month of March. While any increase is great news for the battered construction industry, this news may fortell an economic future that real estate agents may not be as excited about. The demand is much greater right now for rental and multiunits properties than traditional single family ... Read More »

Rental Home Owners Face New Tax Reporting Burdens

If you own rental homes the federal government has made your world a bit more complicated in 2011. Buried in the Small Business Lending Fund Act that passed in 2010 there was a new provision for rental home owners. Now every time you work with a contractor that charges you over $600 you will have to 1099 them. According to ... Read More »

Rental Prices Jump 11.6 Percent in 2010

 You would think that with the housing crisis in full swing that there would be so many homes available to rent that rental prices would go down. Seeing the recent numbers from HotPads you would be wrong. The average rental price in 2010 increased by 11.6% during the year. That is a huge jump on many levels: For families on ... Read More »

Rental Scams on Craigslist – Landlords Beware

If you thought the scams being run on Craigslist were just on ripping off prospective tenants as we talked about before here, you are missing the other side of the coin. Landlords are in just as much danger. The new scam involves renters sending fake cashiers checks and money orders. The landlord is thrilled to receive the money, deposits it, ... Read More »

US Rental Vacancy Rate Highest in 23 Years

The vacancy rate for apartments and other rental units is the highest it has been since 1986. That is worrisome news as lease rates are dropping, significantly in some cities, and that means a lower expectation for housing costs. And that is not good news for home sellers. The $8,000 new home buyer tax credit is expiring very soon. In ... Read More »

Craigslist Rental Scam Being Run From Nigeria?

The FBI has released a statement that a new Craigslist Rental Scam is being run out of Nigeria. Famous for the Advance Fee Scam, or 419 fraud, the Nigerian con artists are now targeting renters in America to try to collect rental deposits on homes they do not own. Here is the FBI report of what is occurring. If you ... Read More »

Mortimer Zuckerman Loses 165 Million On 3 Rental Properties – And You Think You Have It Tough

Okay, they were not 3 rental properties that Mortimer Zuckerman’s Boston Properties Inc. lost the 165 million on, they were skyscrapers in Manhattan, but still… How would you like to be the accountant that had to come in and deliver the news to the boss that they have to take a $165,000,000 charge on 3 properties you have held for ... Read More »

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 the apartment that he was ... Read More »

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 rent a home pretty cheaply ... Read More »