Real Estate Rental – Why Investors Should Invest In Real Estate Rentals

www.REIClub.com – Why Is a Real Estate Rental A Good Investment In A Down Market? Here’s Why Real Estate Rentals Are A Good Option For Real Estate Investors… Current Real Estate Rental Market Sources from Fannie Mae and Freddie Mac expect the total number of renters households to increase by another 4.4 million in the next few years, from the already 37million. With the current Unemployment rate being at an all time high, more families are turning to renting than buying because of a) affordability b) flexibility. Buying a home has more liability especially for someone who is unemployed, so renting is safer. Right now, the rental property market is one of the only areas of real estate investing that has increased in the past year. It is expected to grow even more until property values decide to stabilize. One of the main reasons to rent properties is to collect on the appreciation, AND you also get pretty good cash-flow. Why Not Sell in a Down Market – Right now is NOT the best time to sell – Buyers market – Miss out on appreciation – Unless you bought the house during a down market – you’re selling for a loss Pros to Rental Properties – Passive Monthly Income – Commercial Rentals have Exponential Growth – Appearance – does not have to be as nice as “for sale” property – Good Tenant – maintains home and pays rent on time – Security – more options if market changes than stock or bank institutions – Tax Perks – Depreciation – annual tax deduction for the loss in value of

Miami Booms Like Never Before on Rental Demand

Miami Booms Like Never Before on Rental Demand
“The biggest difference in Miami to other markets is how far it fell and how quickly it came back, defying all previous predictions,” said Timothy Martorella, managing director at locally based Madison Capital Group LLC, a real estate finance adviser …
Read more on Businessweek

Benchmarking Green: The First Investable US Green Property Indexes for REITs
FTSE Group, NAREIT, and the U.S. Green Building Council (USGBC) recently announced a jointly developed green property index for both institutional and retail investors. This first of a kind index was a collaborative effort bringing together global …
Read more on Forbes

Metrosetter.com Predicts Increased Regulation of the Short-Term Rental Industry


Los Angeles, CA (PRWEB) November 07, 2012

The offline worlds assimilation of Internet technology is effecting changes in nearly every industry. Universal accessibility of the Internet and the increasing amount of user-friendly, intuitive Internet technologies that allow individuals to instantly market their products to consumers around the world has created new business opportunities that were previously untenable and/or too cumbersome to undertake. This is especially relevant in the industry of real estate and, specifically, short-term rentals. Internet sites such as Airbnb.com and HomeAway.com have created a vibrant and growing ecosystem for the short-term rental industry that, before 2008, consisted only of mom-and-pop regional players, local travel agencies, and real estate offices. The aggregation of thousands of properties on these searchable sites has opened the doors wide open to both travelers and property owners eager to connect. For an idea of just how rapidly demand for short-term rentals has grown, consider that (according to an Airbnb press release), in 2008, a night of travel was booked on Airbnb once per day, and now, in 2012, a night is booked every two seconds. However, once the new business activity begins to threaten traditional players in the established space, it is sure to be regulated.

The hotel industry is one such field that is now in conflict with the rapid growth of short-term rentals. Property and hotel owners are faced with traveler adoption of Airbnb and HomeAway inventory and are thus looking to the government for a response. The regulation of rentals of less than 30 days, commonly referred to as vacation rentals, has been, until recently, largely uncharted waters. Local governments are putting resources to work and regulating the industry in differing ways, which offers a glimpse of what may become a trend towards more regulation and taxation in other cities across the country.

City government attempts to formulate effective short-term regulation are currently in play in New York City, Austin, San Francisco, Seal Beach, CA, and Columbia Falls, MO. In New York City, short-term rentals, labeled illegal hotels, have been officially illegalized since the spring of 2011. In San Francisco, an old law (enacted in 1981) prohibiting rentals of less than 30 days in apartment buildings with four or more units has been expanded to enable residents to seek the help of non-profit organizations and to include an administrative hearing process for the Department of Building Inspection to evaluate complaints. In Austin, the city has officially begun treating short-term rentals as hotels, subjecting them to hotel taxes and a permit requirement, which went into effect October 1st of this year. In Seal Beach, the City Council will take a final vote on November 13 on an ordinance banning any future vacation rentals. And finally, the city of Columbia Falls has unanimously approved an administrative conditional-use permit system to keep track of and reduce the number of short-term rentals in residential areas, which went into effect in August earlier this year.

Opponents of short-term rentals in all five cities cite concerns for health and safety and protection of the local community in their defense of official regulation. Many owners of such rentals, however, have paid no heed to the new regulations. In response to property owners ignoring the law, some city governments are taking further action: New York Citys City Council passed a bill earlier this year that increased the maximum fine against illegal hotels from $ 2,400 to $ 25,000. President of San Franciscos Board of Supervisors David Chiu is working on possible proposals to regulate online corporate hotelization and shared housing services (ala Airbnb). And in Austin, the City Council was forced to go back and alter the newly enacted ordinance with reduced application fees after the current regulations proved ineffective all serving as confirmation that even the most stringent of regulations, including prohibition, are not enough to dissuade residents and landlords from leasing their properties for periods of less than 30 days, as doing so has proven to be a profitable practice, and for some a financial necessity. What an effective regulation on short-term rentals would look like is still to be determined.

It seems there is no such thing as a growing industry without an equal helping of regulation. The emergence of new taxes and more stringent regulations on short-term rentals in the communities listed above is likely a prelude to more regulations and taxations in other cities across the country, which may soon include Miami, Washington D.C., Dallas, Chicago, and a city near you.

More information on this subject can be found at Metrosetter Wire, a blog for the corporate housing industry.







Insurent Guarantor Service Launches Guide for International Persons & Students Coming to Rent in NYC During Tough Rental Market

New York, NY (PRWEB) June 12, 2012

Internationals moving to New York from overseas to start a job or study at a university face a major challenge renting an apartment in New York City – They do not have US credit and landlords will not accept them without a qualified US guarantor.

It is very rare that they have a relative living in New York area who has U.S. credit, earns 80x the monthly rent and would be willing to serve as their guarantor. What other options are there?

An international executive could seek out a market rate building which would be willing to accept 12 months prepaid rent or 6-12 months security if he/she earns than 40-50x the monthly rent. However, nearly all of the newer and amenity rich buildings built in the last 20 years are not market rate buildings, and these buildings are prohibited from accepting prepaid rent or extra security. Moreover, a younger executive may not wish or be able to put up 12 months prepaid rent or 6-12 months extra security.

An international student without a U.S. guarantor would have to pay the full years rent upfront in a market rate building, if that is an affordable option.

What is an affordable and quick way for international employed persons and students to get the apartment in both the newer stabilized buildings and market rate buildings? Perhaps the most feasible and convenient option is to use Insurent as their guarantor. For a fee approximating 110% of one months rent, Insurent will guaranty the rent of an international employed person provided they earn at least 27.5x the monthly rent. For international students, Insurent will guaranty their rent if they have a parent overseas who either earns 50x the monthly rent or has 80x the monthly rent in cash at banks or marketable securities. In addition, Insurent will also guaranty non-employed foreign persons who have a minimum of 50x the monthly rent in liquid assets here or overseas.

There are very limited options to rent a NYC apartment for relocating international persons and students who do not have US credit. For those willing and able to put up 12 months prepaid rent or 6-12 months security, there may be opportunities in the typically older market rate buildings. For those seeking to quickly and conveniently get their apartment without using large amounts of capital, they can use Insurent to rent an apartment in both the newer stabilized buildings and in market rate buildings.

ABOUT INSURENT LEASE GUARANTY

The Insurent Lease Guaranty Program was created to serve renters, landlords, condo/coop owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. The Insurent Lease Guaranty Program has been featured in the New York Times, The Real Deal, The New York Real Estate Journal, Real Estate Weekly and Multi-Housing News.

The Insurent Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A. M. Best. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may utilize the Insurent Lease Guaranty to satisfy the landlords financial and credit requirements.







Pam Harrington Exclusives Offers Great Rental Specials on Kiawah Island, Americas Happiest Seaside Town


Kiawah Island, SC (PRWEB) June 25, 2012

Pam Harrington Exclusives, a full-service real estate and vacation rental agency, is pleased to announce the latest accolade for Kiawah Island, recognized by Coastal Living magazine as Americas Happiest Seaside Town. Coastal Living chose 15 communities for the magazines first ever poll of the most blissful places to live along the seashore, and Kiawah Island took the number one position. Just over 1,600 residents are lucky enough to call this unique barrier island home, and with 10 miles of unspoiled beach, award-winning golf, and small town charm, Kiawah Island is a top-notch vacation destination as well.

Summer is the perfect time to visit Kiawah Island, with the islands peak season running from April through October, and Pam Harrington Exclusives has several wonderful Kiawah Island rental specials running this summer. From now until August 4th, 2012, guests can enjoy savings of either $ 500 or $ 250 on select Kiawah vacation rentals. Simply like Kiawah Exclusives on Facebook to receive these special summer offers. Alternatively, sign up for the Pam Harrington Exclusives e-newsletter to stay in the loop on other rentals specials and news throughout the year.

Kiawah Island offers the best of both worlds, with a tranquil and remote setting on a barrier island while located only 33 miles from the major city of Charleston, South Carolina. Kiawah is home to five award-winning golf courses, including the site of the 2012 PGA Championship, as well as picturesque fine-sand beaches, over 30 miles of paved paths perfect for biking, walking, and jogging, wonderful dining and shopping, and an abundance of wildlife, such as bald eagles, egrets, and harons. The June issue of Coastal Living, on newsstands now, offers up even more reasons why Kiawah Island is the perfect place to live and visit.

Kiawah Island, Americas Happiest Seaside Town, has it all, including fantastic rental homes and condos that are perfect for a summer beach getaway. Pam Harrington Exclusives offers a variety of Kiawah Island rentals, many with beautiful pools, private walkways to the beach, golf course views, and more. With unparalleled beauty and an array of outdoor recreation and activities, Kiawah Island draws a wide range of visitors every year. Take advantage of special rental deals and head to Kiawah Island this summer for an unforgettable vacation.

###

Pam Harrington Exclusives is a full-service, independent firm specializing in Kiawah Island vacation rentals, Seabrook Island rentals, and real estate in Charleston and the surrounding Lowcountry islands. Since 1978, Pam Harrington Exclusives has represented the finest homes on the islands, and is one of the areas leaders in luxury real estate sales. PHE differentiates itself with extreme loyalty to clients, personalized service, smart marketing, and online property search and booking.







Find More Course In Real Estate Press Releases