It can be hard to find a place to rent if you have pets. Not everyone wants to run the risk of having dogs chew the baseboards or cats pee in the basement. But many landlords understand that pets are a part of the family. Here is a pet-friendly house for rent in Coconut Grove, Florida.
If you’re looking for an apartment, furnished, for rent in any state, try this resource.
Sublets are often furnished apartments for short or long-term rental. People travel or move for work, and put up their apartment - furnished - for rent.
Here is an example, from Mississippi:
Our gated community offers stately one, two and three bedroom apartments with fully equipped kitchens, full-size washer an dryers, bay windows in select units, and outside storage. Enjoy our swimming pool with waterfall, tanning bed, executive business center, fitness center, and more!
A beautiful 4 bedroom 2 1/2 bath Avery Ranch Garden Home and a former Meritage Model Home with thousands of upgrades. Seperate study or fourth bedroom with handscraped hard wood floors. Soaring ceilings in family room, handscrapted hard wood floors in kitchen, master, dining, and family room, gorgeous upgraded bath and more.
Outdoor fireplace with seating and private wrought iron entry fence make this very special.
For more information or to schedule a showing please contact trent at 512-804-6436
Thank you,
Trent
Rents fell 0.4 percent in the final quarter of 2008, the first decline since early 2003, the study by real estate research firm Reis Inc found.
The vacancy rate rose to 6.6 percent, a level last seen in the first quarter of 2005, and up from 5.7 percent a year earlier.
This means incentives for renters. Just like the stock market and the housing market, this is a market in favor of the renter. Whenever vacancy rates go up, landlords will begin offering incentives to potential tenants.
“The quantity of rental apartments might not be suffering as much, but the price paid by households to occupy those rental units is buckling under the strain, with landlords lowering asking rents and raising the amount of concessions they are willing to provide,” Calanog said.
This provides renters with the opportunity to negotiated freebies: Free month’s rent, free parking, free cable, free gym membership… the possibilities are only limited by what’s available in your area.
The current state of the housing economy is bad for sellers, but fantastic for buyers. I had the chance to talk with one such a buyer last week.
Bridget lives just outside of Phoenix, AZ. She is currently snapping up homes in the Western Phoenix Metro area, including Glendale, Peoria and Litchfield Park. Buying these “distressed” homes was too good a deal to pass up. Given a combination of smart investing and a little good luck, Bridget is able to buy homes facing foreclosure and fix them up as rentals.
I would guess luck and timing are at least 85%, but knowledge and connections are an important 15%.
In her case the connections are having family and friends in the construction business to help her fix the homes up at cost.
My brother-in-law is an executive at a roofing company - so roofing is handled quickly & I know the price is fair. My boyfriend is a licensed contractor - so I know the repairs are done right and paying him is like keeping it in the family.
Bridget knows that the market will eventually recover. Real estate is always a good buy.
The real estate market will recover since it is based on actual ‘product’. Hopefully the growth next time will follow the slow steady path which is much more stable.
Once the current crisis ends and people begin buying again, Bridget can sell these homes off for a nice profit. In the meantime, people who have been displaced by the crisis have places to rent, and Bridget has no shortage of tenants.
Current plans are to buy and hold, so I am looking to rent them out as an income stream. As rentals the fix up is basic; cheap but durable. These aren’t high end rentals, so I can’t afford to invest in/risk high end fixtures. Somewhere down the road I may decide to sell them and will have to weigh the benefits of fixing them up nicer for a higher asking price. After being rentals for a while, they will probably need some TLC anyway.
She’s not planning on being a landlady forever. Eventually the renters will be buyers, and the work of being a landlady and all it entails will be too much, and Bridget will begin to unload the houses. However, that is some years into the future. In the short term she will rent these houses out. In the mid-term she may refinance to invest money elsewhere. And of course the long term goals are to sell and retire young!
Asked where she thought the housing market would be in a few years, Bridget replied:
I think it will take a few years to get back to stable, and a lot will depend on what Obama and his buddies do to the economy. If they turn this into another depression, in 5 years may we may be worse off than now, or at this same level but climbing up. I am choosing to think more positively for a number of reasons. Not the least of which, things happen wicked fast now. … [W]e should see recovery quicker than before just because of the times we live in. Products & services go from innovation to extinction in years rather than decades, hopefully the economy can go from depression to renewal the same way. Obviously, buying multiple properties is a gamble. I am optimistic that it is the right thing to do, and the right time to do it. We’ll see if I am right or just another sad statistic down the line.
The market may suck for selling houses right now, which is why many owners are hanging onto their property instead of selling. This means that someone looking to rent might get a super deal to rent the house of their dreams for far less than it would normally cost.
Renting a home is a decision that is often based on finances, which means keeping within a strict budget is the way to go. But some people rent a home because they may only be in town for a year due to their job or other factors. In that case, today’s house market may allow you to have that great house for a fraction of what you would normally pay to rent it.
If you are looking to rent a home, this market might be your chance to get into a great place - for now, at least!
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