Single Family Rents rose 13.1% compared to last year according to CoreLogic’s Single-Family Rental Index. In addition, Rent.com reports that rents are up for one-bedroom apartments by 26.5% and two-bedrooms by 25.7%. As a result, the typical rent in the U.S. is $1,883 per month according to Zillow. So what is happening? Basically, demand is greater than supply, but there
Read more
According to the Consumer Financial Protection Bureau, more than 43 million Americans owe an estimated $88 billion in medical debt. In the second quarter of 2021, 58% of all bills in collections were medical bills. Once medical bills are sent to collection agencies, individuals’ credit scores suffer. As a result, those affected encounter challenges finding employment and housing. In addition,
Read more
A cashless society is approaching rapidly. As a result, all corners of tenants’ lives are affected including doing laundry. To improve convenience, landlords are allowing tenants to make mobile payments to operate laundry machines. 3 Ways Tenants Can Pay For Laundry From Their Phones are listed below. Look for the PayRange icon on machine to determine if it accepts PayRange
Read more
Everyone wants to lower their monthly expenses, and water usage is a good place to start. According to Flo Technologies, the top water users in an apartment are listed below. As a result, if a tenant is to lower their water bill, they must focus on these 6 Targets to Lower Their Water Bill When Renting. Toilet: 24% Shower: 20%
Read more
Yes, you are reading correctly. As pet ownership grows, there is growing concern about tenants not picking up their pet waste as they agreed and the negative impact on communities. As a result, apartment management can now check Fido’s poop for DNA and figure out who is not picking up after their dog. Is it you? Here are 2 Ways
Read more
Floods, tornadoes, fires, and other disasters keep coming. To make matters worse, when rental properties are damaged by disasters, tenants are on their own. Landlords’ property and flood insurance does not protect the tenants’ possessions or cover unexpected moving and relocation expenses. To be better prepared, there are 3 Ways Tenants Can Protect Themselves from Disaster. Renters Insurance The first
Read more
It sounds to good to be true, “Build Wealth While Renting.” However, there are innovative companies trying to make this happen. Up&Up is an example of a company using a virtual wallet to help tenants save money and/or buy a home. Up&Up purchases property for rent and sale. One of their goals is to allow current tenants to purchase their
Read more
Over the past year, it has been a seller-friendly real estate market due to low interest rates and supply. As a result, renters vying for their chance to be first time homeowners are experiencing bidding wars and the fear of missing out. Because of this environment, renters are making quick decisions which are leading to buyer’s remorse. 5 Reasons Renters
Read more
Winter is here, and everyone wants to stay warm. While some apartments have good heating systems, others need help. As a result, space heaters are a popular option for tenants in the Winter. Overall, ceramic heaters are widely regarded as the best and safest space heaters for apartments because: heating element is encased so less fire hazard, energy efficient, and
Read more
Losing power is a hassle that everyone has experienced. Daily life becomes harder, and phones and computers become unusable. While home owners may be fortunate to have a generator, tenants are not so lucky. Not only do traditional generators require room for storage and operation, but also are noisy and produce poisonous exhaust. As a result, traditional generators are not
Read more
One size does not fit all when it comes to paying rent. While paying the rent on the first of the month is great for some tenants, others want more flexible options. As a result, there is growing interest in solving this problem. How can tenants have flexible rent payments? One company, Jetty, is tackling the problem. Jetty is a
Read more
A lease buyout is an agreement in which a tenant pays to break the lease for the remainder of its term. While many landlords allow tenants to buy out their lease, the conditions vary depending on how the lease is written. In order to be prepared, there are 3 things to know about lease buyout clauses include the Notification Periods,
Read more
When a tenant applies for an apartment, the landlord generally runs a credit check. Basically, the credit check helps the landlord determine the riskiness of a tenant. When a credit check is run, it is either a Hard or Soft Credit Check. There are 3 differences between them. Differences Between Soft and Hard Inquiries Soft Inquiries Hard Inquiries Doesn’t affect
Read more
While an apartment may look nice and meet a tenant’s needs, the landlord may be a difficult. The problem is that tenants don’t know this until after they sign a lease and move-in. At this point, it is to late. Wouldn’t it be nice to see a review of a landlord before signing a lease and have some questions answered?
Read more
Because credit plays such a big role in our financial lives, everyone should order a Credit Report once a year. Federal law requires Equifax, Experian and TransUnion to provide you a FREE credit report every 12 months. However, due to the pandemic, the credit agencies are offering free weekly online credit reports. 3 reasons tenants should check their credit report
Read more
You must be logged in to post a comment.