Month: January 2021

5 Signs An Applicant Will Be a Good Tenant For Your Rental Property

We all strive to find a good tenant, so here are five signs that an applicant will be a good tenant for your rental property from Keepe, the on-demand maintenance and repair company.

When you’re receiving lots of applications for tenant positions at your rental properties, sometimes it can be difficult and overwhelming trying to sift through everything.

After all, with so many applications in front of you, where do you begin? How do you know which applicants will make good tenants?

There are a few telling signs as to whether or not your applicants will be good tenants. You just have to know what to look for to easily identify the good from the bad and put your mind at ease.

No. 1: They Fill Out the Application Properly

A sign of a good potential tenant is that they properly fill out the application.

That may sound overly simple, but this means that they include the appropriate documents that are asked for and fill out everything correctly.

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    The Benefits of Being Pet-Friendly For Rental Property Owners

    Rental property owners are now integrating pet-friendly amenities in their apartments to allow renters to keep their favorite animal companions.

    By Justin Becker

    The dog is humankind’s best friend, and this explains why it is the most domesticated pet. According to statistics in the United States, 63.4 million households own a dog, followed by 43 million households that own a cat. Today, pets are an integral part of most families. Even rental property owners are now integrating pet-friendly amenities in their apartments to allow renters to keep their favorite animal companions.

    So, what’s the benefit of your apartments being pet-friendly?

    Being Pet-Friendly Means Higher Rent

    Just as in the law of demand, fewer housing facilities means higher rent for the few available. Of course, it will cost you more to set up the necessary facilities to make your apartment pet-friendly, but you can compensate for this with a slightly higher rent.

    Rental property owners can also set non-refundable pet fees, and because renters want to keep their family together, they will willingly pay the amount. They can again ask for a damage deposit to ensure the property is covered in case of damages, or demand compensation for pet damages.

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      Home prices are rising faster in the middle of the U.S. as Covid drives people away from coasts

      Smaller metropolitan markets like Indianapolis, Kansas City, Boise, Austin, Cleveland, Cincinnati, Memphis and Pittsburgh are seeing some of the strongest price gains in the nation.

      Home prices are rising across the nation, but the Covid pandemic is turning the usual geographical trends on their heads.

      Home values have historically risen most sharply in large cities on the coasts, where supply is leaner and demand is stronger. That is no longer the case.

      Smaller metropolitan markets like Pittsburgh, Cleveland, Cincinnati, Indianapolis, Kansas City, Boise, Idaho, Austin, Texas, and Memphis. Tennessee are seeing some of the strongest price gains in the nation now, according to the Federal Housing Finance Agency. Prices in those cities are now at least 10% higher than with a year earlier.

      These have all been historically more affordable markets, and markets that generally have more inventory of homes available for sale. That makes the suddenly strong price growth in the middle of the country that much more striking.

      Much of it is likely to do with the new ability to work from anywhere due to the coronavirus. People are leaving larger more expensive metropolitan markets and heading to less expensive markets where they can get more space and land for their money.

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        USA: Increased Demand for Multi-Generational Housing

        The results from AIA’s fourth Quarter Home Design Trends Survey show growing popularity of multi-generational housing accommodations.

        Washington – The pandemic has buoyed the custom residential design sector while impacting homeowner design preferences, according to a fourth quarter Home Design Trends Survey from the American Institute of Architects (AIA).

        The latest survey results—focusing on community and neighbourhood design—showed a decline in homeowner demand for infill and higher-density development, reversing a multi-year trend. Conversely, demand for multi-generational housing accommodations vaulted in popularity. Project billings, inquiries, and design contracts also rebounded from a record decline in the first quarter of 2020. Additionally, all custom residential sectors reported improved market conditions with home improvement reporting the strongest gains.

        “The uneven impact of the pandemic on specific construction sectors is nowhere more apparent than in custom residential,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Though the initial impact of the pandemic hit residential architects hard, a stay-at-home lifestyle and the desire for more space and less density has increased homeowners’ desires to modify their accommodations.”

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          Shoppers head to malls in final runup to Christmas. But Covid hot spots threaten last-minute boost

          Shopper traffic to stores on the final Saturday before Christmas dropped 40.9% from a year ago, according to RetailNext.

          The need for procrastinating shoppers to get gifts under the tree in time for Christmas was more compelling this year than snagging Black Friday doorbusters.

          The number of shoppers who turned up at stores on the final Saturday before Christmas — known as “Super Saturday” in the retail industry — fell from a year ago. But the declines weren’t as steep as those seen on the Friday after Thanksgiving.

          In fact, shoppers across the Northeast may have found parking spots at malls hard to come by on Saturday, as snow started to melt from a massive storm that barreled along the East Coast earlier in the week. Lines formed outside stores observing capacity restrictions, and some found shelves bare in categories like board games and toys. These familiar holiday scenes were likely a welcomed sight for retailers, amid signs that an economic recovery that began in the summer has been faltering with Covid-19 cases continuing to surge.

          RetailNext, which provides cameras, software and analytics to retailers, said the number of shoppers fell 40.9% compared with the last Saturday before Christmas in 2019. By comparison, traffic was down 48% on Black Friday this year from a year ago, RetailNext said.

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            Pensions Swamped in a Sea of Negative Real Rates: Brian Chappatta

            The 30-year U.S. real yield has been negative since mid-June after never falling below zero at any point since at least 2004.

            (Bloomberg Opinion)—Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown.

            As the name implies, defined-benefit pensions promise to pay a set amount to retirees. While corporate America has largely moved away from this structure in favor of 401(k) options (or “defined contribution” plans), virtually all state and local governments still offer these reliable retirement payouts. And they’ve been falling behind in a big way: In the 2019 fiscal year, states had $1.48 trillion in unfunded pension liabilities, while the 50 largest local governments faced $478 billion in adjusted net pension liabilities, according to calculations from Moody’s Investors Service. The 100 largest corporate defined-benefit plans had a deficit of $285 billion in November, according to Milliman data.

            That $2 trillion hole is only going to get deeper as the Federal Reserve pledges to keep interest rates near record-low levels for years to come as the U.S. emerges from the Covid-19 pandemic. Moody’s, unlike many states and cities, uses a market-based discount rate to determine the present value of a pension’s future liabilities. The lower the rate, the larger the current value. Analysts expect to apply a 2.7% rate to local governments’ fiscal 2021 reporting, down from 4.14% in fiscal 2018 and about the same as Milliman’s current discount rate for corporate pensions. It will likely cause pension shortfalls “to increase by double-digit percentages” in the next two years, Moody’s says.

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