These days, many people (particularly millennials) eschew homeownership, choosing instead to rent houses, apartments, and condos. In fact, renters are a large, growing demographic within the real estate market. As the renting population grows, more and more people are faced with one dreaded question: How do I decorate this place? You ... Read More...
Rentals
An alternative to a traditional agreement between buyer and a seller is the rent-to-own contract. In a typical sale the buyer will present an offer. If accepted, the deposit, payment and settlement will result in new ownership of the property. Rent-to-own or Lease-to-own is a different process. In effect, this ... Read More...
Hard to believe, but another year is almost over. We all know what that means – getting ready for 2018 by taking a look at the past year. If you’re looking to buy a condo in the coming year, it’s important that you take time to examine what recently shaped ... Read More...
Inventory shortages are severely impacting the housing market, and will have the greatest effect upon renters. A recent multi-family report estimates that by 2030, 4 million new apartments will be needed to keep up with the demand. The National Apartment Association (NAA) along with the National Multifamily Housing council (NMHC) ... Read More...
Rising home prices and the possibility of an increase in mortgage rates could put a damper on home ownership. According to an article by Diana Olick for CNBN, Don’t Put Your Money in a House, Says a New Report, renting just might be a better option. Most people believed conventional wisdom ... Read More...
For the past several years, short term rentals through companies such as Airbnb have become a point of contention for some condominium owners and homeowners associations. Although many condominium associations prohibit short-term rentals, enforcing these regulations has become challenging as well as costly. A recent article in the Miami Herald ... Read More...
The May edition of Zumper’s National Rent Report is now available and shows another month of mixed data (Zumper National Rent Report: April 2017). There has been little change in the top tier markets which have continued trend trend of plateauing prices. Mid and lower level markets showed more volatility. ... Read More...
There are common complaints from owners, managers, and developers in new communities, high-rises, and resorts. “Vacant apartments are a challenge to rent. Units filled with worn or dated furnishings are a turn-off, too.” If the rooms in your online listings are in need of paint, new furnishings or updated decor, ... Read More...
In a dramatic shift, Greater Downtown Miami will see more rental apartments delivered than condos in 2017 as developers focus on the multi-family market amid slumping condo sales, according to a newly released study as reported in The Real Deal. Additionally, the report shows that an influx of inventory means rental ... Read More...
The Las Olas Riverfront, originally built in 1998 with $3 million from taxpayers, was expected to help jump-start downtown Fort Lauderdale. After its initial success, the 250,000+ square foot outdoor complex fell into disrepair and foreclosures. Early on, it was the go-to place for weekend fun and entertainment. According to ... Read More...
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