Know the Benefits of Renting Homes

January 25, 2010
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Owning a home is always a dream of everyone. Many people work towards this aim every day. But what if you don’t have enough money buy your own space? What if you cannot afford to pay the mortgage? These are the questions need to be answer in planning to own a home. However, renting is still an option.

The truth of the matter is that you can benefit from many extras in home rentals when you use the services of a property management firm. Make sure that you work with a firm that offers a full line of services – everything from finding you a nice selection of houses to choose…

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Filed Under: Real Estate, Rentals

U.S. Treasury Secretary Timothy Geithner’s House For Rent

June 9, 2009
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Amidst global financial crunch that wounded the real estate market badly resulting more homeowners nowadays to sell their properties lesser of how much they bought it, some are just waiting for prices to rise while others are leasing their house with the hope that somehow they could cut the cost of their unsold home even in reality their tenants’ rent does not entirely cover it.

United States Treasury Secretary Timothy Geithner for instance, have finally decided to rent their house in tony New York City suburb for $7,500 a month after the median home price last April went down by more than 15-percent compared last April 2008

Geithner listed it first for…

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Filed Under: Economy Crisis, Real Estate, Rentals

Why It Makes Sense To Rent Out Your Vacation Homes

May 8, 2009
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The idea of renting out one’s vacation home seemed far out before but with the real estate crisis and the recession those who have invested in condominiums and resort home location may just get a much-needed income boost by renting these out to vacationing families. Rental agents have confirmed the inversely proportional relationship between the economy and the rates of vacation rentals.

There are lots of reasons why the rates of vacation home rentals go up when the economy is down and demand is on top of that. Families who still manage to go on vacations even during recession find it less expensive to rent a condominium or a house in…

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Filed Under: Rentals

Owners Get Chance To Rent Foreclosed Home

March 23, 2009
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Qualified tenants and homeowners now have the option to rent out properties which they formerly owned but which were recently foreclosed under the REO Rental Initiative of the Freddie Mac. Under the Initiative which will be managed by HomeSteps, the lease will be made on a month-to-month basis. Aside from this, homeowners have one more consolation these days since Freddie Mac said it will continue to suspend all evictions actions until April 1, 2009. This will give the homeowners enough time to look for alternatives including the option to avail of the Initiative.

The new REO Rental Initiative is expected to help ease the impact of foreclosure by providing more time…

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Filed Under: Foreclosures, Rentals

Vacancy Rate Up As United Health Leaves Hartford Office

March 3, 2009
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The United Health Group is vacating its twin towers offices along Columbus Boulevard when its lease expires next year. The Group is one of downtown Hartford’s largest employers and its decision to leave its offices in the Hartford area will result to a big increase in office vacancy rates. The company is also evaluating their options for their existing Connecticut River Plaza place. United Health spokesman Daryl Richard said they would however strongly prefer to remain in Hartford.

United Health presently occupies 500,000 square feet of office space in the Plaza which is the only building in the area that can accommodate all of United Health’s offices in one location. It…

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Filed Under: Economy Crisis, Rentals

Vacation Rentals On The Rise

February 5, 2009
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The real estate market is down and for most people, renting out their homes is better than selling considering the very low home prices these days. This has resulted to a rise in the number of vacation rentals which is actually a boon not only to property owners who get additional income out of their second homes but also to renters who can enjoy a second home while on vacation while spending only a fraction compared to buying a vacation home. Vacation rentals are condominiums or homes that are a good alternative to hotels since they can be rented for weeks or even months but they provide a more homely…

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Filed Under: Rentals