Worth Reading - link here http://www.bloomberg.com/news/2013-08-29/wall-street-s-rental-bet-brings-quandary-housing-poor.html Read the article here! LaTanya Moore-Newsome, a real estate agent with Century 21 in Atlanta, has been calling Wall Street-backed landlords for months on behalf of her low-income clients with government housing vouchers. She said some of the area’s biggest homebuyers in the past two years, including Blackstone Group LP (BX), American Homes 4 Rent and … [Read more...]
Landlord Rules from Hell Part Two!
We've all heard tales about "landlords from hell," but this one might make all those nightmares look like sweet dreams. When actress Laura Evelyn inspected an apartment for rent in London, she says that she was handed a typed list of 31 "house rules" by her potential landlord, which she posted to Twitter. The lengthy list of directives include "No Pork EVER IN HOUSE or fridge," no more than two visitors a month, no showers longer than 15 minutes -- and only in the mornings between 6 a.m. and 10 … [Read more...]
Rentals, not purchases, are Hot in Atlanta
See the video here: http://www.myfoxatlanta.com/story/22802246/rentals-not-resells-hot-new-trend-for-atlanta-real-estate ATLANTA - A Connecticut company is raising $100 million to buy up single-family homes in Atlanta. Their goal is not to resell the homes, but to turn them into rental properties. Business deals like this are part of an ongoing real estate trend in metro Atlanta, making the city a hot spot for rental homes. Philip Earley, of Platinum Property Management … [Read more...]
Landlords from Hell (too interesting not to share)
A group of San Francisco tenants really earned the right to complain about their landlords: The story of one couple's efforts to evict their tenants between 2006 and 2008 so they could sell the units is "so outlandish and brazen that it sounds like the plot line of a horror movie," says a prosecutor. Kip and Nicole Macy (dubbed the "Landlords from Hell") cut parts of their building's floor joists to "make it collapse," says property manager Ricardo Cartagena. In another attempt to get rid of … [Read more...]
Renters Insurance. Too Expensive???
The Torndao in Oklahoma last week may shine a light on this subject. Add to that the fact that over the past three years, the east coast alone was hit with two hurricanes and a series of as powerful winter storms. And yet, it is surprising to learn that the majority of renters are probably not carrying a current renter’s insurance policy or have one at all. After having a building in which I was part owner burn down - I am sort of a fanatic about ensuring tenants know about the cost and … [Read more...]
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