For some residential investors, capital expenditure terminology — CapEx for short — is unfamiliar. Capital expenditure reserves are common in the commercial real estate sector but lesser known in the residential real estate space.
How to Hire the Best Property Manager
Hiring the right property manager is important for protecting your investment and achieving reduced vacancy time and maximized income.
A good property manager will bring high quality tenants to your rental investment properties. They will have a strong screening process and stay on top of maintenance issues. He or she will generally make your life easier by using technology to run an efficient operation and reach a large audience of potential tenants.
How does a real estate investor go about finding a good property manager?
US Rents Rising
US home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that renters are facing more financial pressure.
Prices rose 3.3% in December compared with 1 year ago, according to real estate data from Zillow.
Although the rise is less than recent appreciation in home values, the surge in rental rates in several of the hottest markets indicates renters who aspire to buy homes face mounting financial challenges.
8 Rental Property Predictions for 2015
All good investors are visionaries. That is, before making an investment they make predictions about the future – which may or may not come true.
That said, and working with the humility appropriate for any investor with a healthy appreciation for risk and instinct for survival, here are eight trends we believe will make their mark on rental real estate going into 2015 and beyond.
Rents Rise as Renters Become Better Risks
A better class of renter is changing the fact of Rentorship in America, creating a climate for higher rents.
Rental applicants, especially those applying for less expensive units, continue to see improvements in their credit risk, according to the latest TransUnion Rental Screening Solutions industry report. The average ResidentScore, a measure used to assess a rental applicant’s risk level, improved by 0.8% between Q2 2013 and Q2 2014.
