It is 2012 and the multifamily market is red hot with investors and owner occupants competing against each for the move-in condition properties in decent locations and in decent condition. Along with all of these new purchases of multifamily homes comes a new wave of landlords who are untested and will have to deal with finding tenants and especially with complying with tenant rights and being in compliance with health, safety, and lead paint laws.
See Attorney Richard Vetstein’s piece of the renting and the Lead Paint Law:
In 2011, the Attorney …
Category Archives: Tenants
TransUnion is one of the 3 credit reporting agencies who determine your credit score. On the TransUnion blog, there was a post (see below). In this blog piece they give some tips for investing in rental properties and becoming a landlord. They make some good, and obvious points.
“They say everything has a bright side, and you can even find one in the recent real estate collapse. With widespread foreclosures and unemployment, more Americans are renting rather than buying. Is rental property a good investment? Now that mortgage rates have dropped …
Jed Kolko, Trulia Chief Economist makes some great points in this article. For example, we see that the 2-3 family market is strong because rents are high and increasing and borrowing costs are very low.
When you add low borrowing costs with high rental trends and close to ZERO return in a savings account, then chasing the yield from multi-family properties seems like a no brainer.
See Jed’s article below:
Price gains in Denver, San Jose and Pittsburgh look like they’re here to stay, but a big foreclosure backlog put the price jumps …
Tom Grillo has nailed this right on the head. Rental prices are high in the Boston metro area and East Cambridge is said by one source to have the highest monthly rental rates. Have you walked around parts of Kendall Square and East Cambridge lately? There are several commercial new construction projects going on and those buildings will bring high paying jobs, most likely.
Read his story below:
Boston Business Journal by Thomas Grillo, Real Estate Editor
Date: Tuesday, July 10, 2012, 11:10am
Single-digit vacancy rates in Boston is driving production of multifamily …