Airbnb has revolutionized the way people live when they are away from home, giving everyone an alternative to hit-or-miss hospitality industry mainstays like hotels, motels, and hostels. Travelers can now choose from a variety of unique and comfortable places to stay all around the world with the click of a button. Airbnb has made this process so easy for people looking for a place to stay, giving them access to reviews left by previous guests and photos of the spaces in question, while also allowing customers to filter their search results according to a number of different criteria so that they can find a rental of the right size [...]
Renting an apartment or house has always been a popular alternative to home ownership for couples, singles, and college students, and the popularity of renting continues to grow as a viable option to affordable housing. But just because you’re renting, doesn’t mean you can’t make the space your own. Most rentals allow a fair bit of self-expression — just be sure to check with your landlord before embarking on any permanent changes.
If it’s a cosmetic change that you can (and will) remove yourself when you vacate, its probably okay. These include hanging posters, changing the window coverings, adding throw rugs, and accessorizing your furniture. But [...]
If you have a winter cabin, you may want to rent it out. There are many advantages. Many people rent their vacation property for additional income. Renting your cabin can also ensure that it doesn’t go uninhabited for months.
There are, however, many considerations to keep in mind as you prepare to rent out and market a winter cabin. Here are eight to think about.Renting It Out Decide Who Will Clean and Maintain
A vacation rental needs to be spotlessly clean and kept in tip-top shape. You need to decide who will do the cleaning and maintenance. If you live close, will you or family members do it? If not, you’ll need to engage cleaning and [...]
Rent-to-own is an alternative to the traditional agreement between home buyers and sellers. Typically, a buyer presents an offer. Once accepted, the payment, settlement, and new ownership takes place. Lease-to-own, or ‘rent-to-own’, does not follow this process. Instead, it allows a renter to become the buyer. This is done through another type of contract agreed upon by the two parties.What is Rent-to-Own?
The details of a rent-to-own may vary. Usually, the term refers to a scenario where the owner promises to sell their property to the tenant for a specific price, within a certain period of time.
To this end, some contracts do not obligate the tenant to [...]
It’s getting harder and harder to find good, yet affordable housing, so when you do, it might almost seem too good to be true. That’s because it probably is. According to researchers, up to 25% of all home or apartment rental listings on Craigslist are scams.
Understanding how rental and property scams work and how to avoid them can help you spot a crook before you’re taken for an expensive ride. Studies show that Craigslist filters less than half of the scams posted, so don’t depend on any site to protect you. They do all they can to warn visitors about scams, but it’s up to you to do your due diligence before handing over your money or filling [...]
Most of us are familiar with the concept of homeowners’ insurance – insurance policies that generally cover repairs or replacement of the house itself and some or all of its contents. Mortgage companies require homeowners’ insurance to protect their investments in case something happens to your structure. But fewer people know about or get renters’ insurance, although more of the larger property management companies now require it to help protect them from liabilities that might be caused by the renters themselves. Renters’ insurance is like a homeowners’ policy in that it covers personal property owned by the tenant, but does not usually provide [...]
The annual end-of-summer ritual of returning sons and daughters to their colleges or universities for the coming academic year brings parents to campus communities. As they drive past rows of rental houses and high-rise apartments, some might think about participating in one of the fastest growing trends in real estate.
Why not buy a single-family rental or a condo close to campus to cover their child’s housing expenses and make a profitable real estate investment that will appreciate and generate rental income for years to come?
College town real estate is a hot market because the tenant base of students and faculty in college communities assures a consistent [...]
Whether you’re searching for your first rental or are a seasoned renter seeking a new place in a new city, beware that rental scams are all too common.
With vacancy rates dwindling and rents soaring in many markets, schemers see tenants as easy marks for their scams, which are often perpetrated on Craigslist and other sites. Fraudsters typically reel in their victims by advertising monthly rents that are well below market rates.
“If it sounds too good to be true, it probably is,” says Andrew Woo, director of growth and data science at San Francisco-based Apartment List.Here are four common scams to watch out for as you hunt for a new home 1. The [...]
With home prices and down payments on the rise, many prospective homeowners are finding a different path to homeownership. Some homeowners and landlords offer “rent-to-own” arrangements where tenants can buy the homes they are renting after a period.
A rent-to-own contract requires a prospective buyer to pay monthly rent to the homeowner plus a payment towards purchasing the home at a later date, usually three to five years in the future. The purchase price is set in advance.
For example, a house could be rented by its owner for a standard rent of $1,750 per month. But when negotiating the rent-to-own contract, the buyer and the homeowner can agree that that [...]