Rental Property

Landlords Ready War Chests to Buy in Cooling U.S. Housing Market

Rental Property / By

Published by Bloomberg | June 13, 2022 Rental companies see potential discounts ahead from homebuilders as higher mortgage rates sideline regular buyers. ———————————————————————————————————— Single-family landlords are eyeing opportunities in the slowing U.S. housing market, betting that lower demand from consumers will lead builders to offer discounts. American Homes 4 Rent, the third-largest single-family landlord, is …

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Rent Prices Surge Nationwide in May, Texas City Hit Hardest

Economy, Rental Property / By

Published by FOX Business | June 10, 2022 Austin, Texas, saw rent prices surge nearly 50% while Nashville, Seattle saw prices climb 30% The median monthly asking rent nationwide exceeded $2,000 for the first time in May, according to recent Redfin data. Last month, median asking rent rose 15% from a year ago, reaching a record $2,002, the …

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‘Squatter’ with fake lease won’t leave Chicago woman’s home — and cops are powerless

Behind The News, Rental Property / By

Published by The New York Post | June 8, 2022 An alleged squatter with a bogus lease is refusing to leave a Chicago woman’s house — and there’s nothing cops can do about it, the homeowner said. Danielle Cruz told ABC 7 she recently put the three-bedroom Chatham pad on the market but when a contractor arrived …

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Investors Buy Mobile Home Parks, Raise Rents for Low-Income Americans

Behind The News, Rental Property / By

Published by Breitbart News | March 29, 2022 Corporations are buying up mobile home parks across the U.S. and owners of the manufactured housing are being hit with increased rent for lots and new property requirements. The New York Times focused on one such mobile home park in Colorado to represent the trend and its impact on residents, …

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Will Your Rent Keep Skyrocketing? Not If This Billionaire Is Right

Rental Property / By

Published by Forbes.com | March 8, 2022 Marvy Finger recently sold half his portfolio of Sunbelt apartments for $2 billion, saying the Covid-crazed rental market has peaked. The buyers, pointing to a 20-year low vacancy rate, disagree. With apartment vacancy rates low and falling, landlords pushed through record rent hikes in 2021. Billionaire Marvy Finger …

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Rental and Home Prices Expected to Rise Even More This Year

Economy, Rental Property / By

Published by FOX Business | March 8, 2022 A mass exodus is driving people from expensive cities and it’s causing people in other places to become priced-out. Rent and home prices have seen major increases over the past year and in some places, they’ve hit record highs. The rising cost of living has caused people in …

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Treasury: Most COVID Rental Aid Went to Low-Income Residents

Covid-19, Rental Property / By

Published by FOX Business | February 25, 2022 Lawmakers approved $46.5 billion in Emergency Rental Assistance last year More than 80% of the billions of dollars in federal rental assistance aimed at keeping families in their homes during the pandemic went to low-income tenants, the Treasury Department said. It also concluded that the largest percentage of tenants receiving …

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