“With Monday’s announcement of a new, luxury apartment building at Atherton Mill, Charlotte-based Crescent Communities brought the number of new apartments it’s building in Charlotte to almost 1,900.”
http://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article163579473.html
Shelby County – Memphis “Realtors touring the area with potential buyers are increasingly frustrated that new homes at a lower price point are dominated by out-of-state investors, leaving little to no supply for their clients.” Investors are turning the new homes into rental properties.
https://www.memphisdailynews.com/news/2017/jul/24/new-homes-constructed-for-rental-properties/
A New Jersey woman who manages 5 short term rental properties including AirBnB, HomeAway and others has been told she needs to get a real estate license to continue to operate.
The Iceberg Report is primarily an analysis of the single-family residential properties market and investors that buy, flip, own and rent these homes.
This year’s report suggests that “just over 81% of all rental properties are owned by individuals with fewer than five properties, with 48.7% or 8.6 million SFR rental houses owned by an individual with just one house”.
The Iceberg Report tries to determine what is the profile of the ideal real estate investor.
Here’s the link:
http://icebergreport.com/wp-content/uploads/2017/06/Iceberg-Executive-Summary-1.pdf
Rapid growth in the Phoenix area will require even more apartments than the 10,000 already opening soon, according to a new study.
Instead of a mixture of one-, two- and three-bedrooms developer Paul Fishbein, of 4K Diversey Partners is planning mostly studios, convertibles and one-bedrooms averaging 750 square feet of space, down from an average of 1,100 square feet.
This article discusses some of the pros and cons of owning your own vacation rental properties.
http://www.nnbw.com/news/real-estate/investing-in-vacation-rental-properties/
Facebook will build a mixed use retail-office part-apartment complex near its new headquarters in Menlo Park, California. 1500 apartments are projected.
Buying, maintaining and managing rental properties are one way to accumulate wealth gradually – a ‘get rich slow’ portion of your portfolio.
How to determine the right rental property for you can be challenging, depending not only on your financial situation and risk tolerance but the also on the amount of ‘hands-on’ time and skill you have to invest.
Here’s Forbes suggestions for picking your first rental unit:
Vacation rental properties along the East Coast are reported to be garnering increased weekly rates. The highest summer rental rates in the country are in the Hamptons and Martha’s Vineyard with slightly more modest rental rates along the New Jersey Coast.