News
5 Resources for Renting Out Your Home
With renters representing more than one-third of U.S. households, there is a growing affordability crisis in many areas, a new report from the Joint Center for Housing Studies at Harvard University finds. If you have been trying to sell your home with no luck, you may be able to quickly rent it to someone in need, and use the rental income to subsidize your mortgage. These five resources can help you turn your home into the perfect rental, so you can attract the perfect tenants.
1. DIYNetwork
If you want to rent out your home, prepare to spend time getting it into shape first. From creaky floorboards to peeling paint, you can learn how to tackle many home repair projects yourself with the help of DIYNetwork. While you may not be able to do everything on your bucket list yourself, you’ll save by doing what you can. You’ll also find ample inspiration for updating and modernizing your home to appeal to tenants and increase the monthly rental asking price.
2. Padlister
You’ll have better luck renting out your home quickly if you can attract a wide range of potential tenants. Padlister helps you list your apartment with multiple apartment rental sites. When you post through Padlister, your apartment will automatically be advertised on Padmapper, Craigslist and other apartment rental sites. Plus, Padlister automatically screens tenants for criminal records, poor credit and other criteria. It’s free for you to post listings; tenants pay a nominal fee to apply.
3. American Apartment Owners Association
The AAOA, as it is known for short, has many services for landlords. One of note is a vendor directory, which you can find more info about here. Browse over 100,000 vendors across every state, in subfields including carpentry, kitchen and bath design, landscaping, mold removal and roofing contractors. Particularly if you have moved out of the area and need a reliable contractor for specialized work, this resource can be a godsend.
4. NOLO
NOLO, a legal resource website, offers a wide array of information geared toward landlords and property managers. Delve into topics including running a property management service (or working with one), screening tenants, drafting a state-specific rental or lease agreement, properly handling tenant security deposits, evicting a tenant or ending a lease, landlord liability and property maintenance. NOLO can be a valuable resource if you rent out your property — especially if something goes wrong.
5. Airbnb
If you live in a desirable area, you may be able to earn a tidy sum by renting out your home to travelers, contract employees, students and others looking for a short-term rental. Airbnb is one such resource that allows you to rent out your home for select periods of time. Sign up for the site, which is free for hosts, with fees passed on to renters. Upload pictures of your home, create a profile and set your nightly, weekly and monthly rate. Then use the calendaring function to rent out your home. The short term, no obligations nature of Airbnb just may meet your needs if you do not want to get into a longterm rental agreement. Plus, you can manage your listings from anywhere.
Austin Board of Realtors partners with Realtors Property Resource to expand local market data
AUSTIN, Texas – January 14, 2014 – The Austin Board of REALTORS® (ABoR) announced today a partnership with Realtors Property Resource® (RPR), a wholly owned subsidiary of the National Association of REALTORS®, to license MLS listing data to RPR’s national property database for their more than 9,000 members. The agreement is set to take effect in the latter part of 2014.
“This partnership underscores the Austin Board of REALTORS®’ commitment to providing the latest tools and technological resources to our members,” said Lisa Messana, 2014 Chair of ABoR’s ACTRIS Advisory Committee. “Through Realtors Property Resource, we will empower Austin REALTORS® with additional tools to analyze the real estate market and communicate market conditions to consumers.”
Austin REALTORS® have had access to the RPR database since 2012, but the system has not included Austin-area listing information to date. Under this new data licensing agreement, Austin REALTORS® will be able to use the RPR system to view public record data and listing activity, and generate informational reports on the Austin-area housing market to use with clients and consumers. RPR is available exclusively to members of the National Association of REALTORS®.
RPR CEO Dale Ross says the partnership with ABoR speaks to the company’s core purpose.
“Realtors Property Resource was created in 2009 as a national database designed to work in cooperation with MLSs and Associations across the country, for the benefit of their REALTOR® members,” Ross says.
Since 2009, RPR’s product offering has expanded beyond its initial Residential Application– a nationwide database of property listing information– to include Broker Tool Sets, RPR Commercial, investment tools, legislative resources and reports.
About Realtors Property Resource®
Realtors Property Resource® (RPR®), a wholly owned subsidiary of the National Association of REALTORS®, is an exclusive online real estate database providing REALTORS® with the analytical power to help their clients make better informed decisions while increasing efficiency in the marketplace. For more information about RPR, visit: http://blog.narrpr.com.
About the Austin Board of REALTORS®
The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to arming Central Texas REALTORS® with products, tools and services that support their success. As the primary resource for accurate, comprehensive property listing information for the greater Austin area, ABoR proudly serves more than 9,000 members and promotes private property rights. ABoR releases home sales statistics on a monthly basis. To receive sales activity updates, contact [email protected] or 512-454-7636, ext. 1300.
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MEYERS RESEARCH TO HOST INAUGURAL HOUSING FORECAST EVENT BENEFITTING HOMEAID AMERICA ON JANUARY 16
Market Research Firm Engages Housing and Economic Leaders in Educational Forum; Proceeds Support Industry-Based Solutions for Homelessness in America
LOS ANGELES (January 6, 2014) – Meyers Research, a Kennedy Wilson Company providing the housing industry with a national perspective and local expertise, will host its inaugural 2014 Housing Forecast event at the Island Hotel in Newport Beach, Calif. on January 16, 2014, with all proceeds benefitting HomeAid America. The half-day fundraising and educational forum will engage the industry’s leading economists and experts, including an elite executive panel which were involved in the largest private and public sector deals from 2013, to discuss the current and future state of the homebuilding industry, while investing in and elevating HomeAid America’s mission to help the industry provide housing for America’s homeless.
“Meyers Research is honored to provide a platform that brings together the industry’s leading executives to celebrate the incredible efforts of this important industry-based cause,” said Jeff Meyers, president of Meyers Research. “Homebuilding is the crux of our profession and we’re humbled by the industry’s support of HomeAid America, whose sole mission is to help homeless families and individuals rebuild their lives.”
Moderated by Tim Sullivan, practice leader at Meyers Research, the 2014 Housing Forecast will lead industry executives and economists in three interactive sessions, providing various perspectives on the challenges and opportunities impacting the homebuilding industry in 2014, including economic recovery, the public and private homebuilding sector, and the role of capital markets in today’s housing landscape. Meyers Research 2014 Housing Forecast highlights include:
· Employment improvements in high barrier to entry markets, such as California, the Northeast, and Washington, D.C.
· Improving overall economy and solid housing re-sale market
· New home sales in early phases of cycle due to limited supply levels
· Rising mortgage rates cause new home price appreciation to level off
· Some tertiary markets still bogged down by defaults and foreclosures
Featured industry panelists will include Doug Bauer, chief executive office at TRI Pointe Homes, who spearheaded its major expansion with the recent acquisition of Weyerhaeuser Real Estate Co.; Richard Green, director at USC’s Lusk Center for Real Estate, and former principal economist for Freddie Mac; Jason Keller, directing manager at Oaktree Capital Management; Robert Goodman, chairman and chief executive office at The Resmark Companies; Peter Fioretti, chief executive office at Mountain Real Estate Group; as well as HomeAid America Board members: Scott Stowell, chief executive officer at Standard Pacific Homes; Bert Selva, president and chief executive officer at Shea Homes; and Larry Webb, chief executive officer at The New Home Company.
“As HomeAid celebrates our 25th Anniversary in 2014, we’re overwhelmed by the continued support of Meyers Research and the homebuilding community as a whole. Without their generosity, we wouldn’t be able to provide housing solutions for the millions of homeless individuals and families in need,” said Peter Simons, CEO for HomeAid America. “The Meyers Research 2014 Housing Forecast will afford us the opportunity to build on our renewed strength and continue giving back to the community on behalf of builders and their trade partners for years to come.”
For more information on Meyers Research or to register for the Meyers Research 2014 Housing Forecast event, visit http://meyersllc.com/. To receive up-to-the moment event updates or to participate in the live panelist discussion, follow Meyers Research on Twitter via @meyersllc or hash tag #meyersevents.
About Meyers Research
Meyers Research, LLC, a Kennedy Wilson Company, is a premier consulting practice and the industry’s leading provider of rich data for residential real estate development and new home construction. Headquartered in Beverly Hills, Calif., the company offers national perspective as well as local expertise to homebuilders, multifamily developers, lenders and financial institutions. For more information on Meyers Research, visit www.meyersresearchllc.com.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, Calif. with 24 offices in the U.S., U.K. Ireland, Spain, and Japan. The company offers a comprehensive array of real services including auction, conventional sales, property services, research, and investment management. Through its fund management and separate account business, Kennedy Wilson is a strategic investor of real estate investments in the U.S., U.K, Ireland and Japan. For more information on Kennedy Wilson, visit www.kennedywilson.com.
About HomeAid America
HomeAid America is a leading national non-profit provider of housing for today’s homeless. The organization builds and renovates multi-unit shelters for America’s temporarily homeless families and individuals, more than one million of whom are children, while they rebuild their lives. Through the generosity of America’s builders, their trade partners, financial institutions, and the public, HomeAid has built more than 350 multi-unit shelters with an additional 20 in development. These shelters provide more than 6,600 beds per night nationwide and have housed over 170,000 people over HomeAid’s history. For more information on HomeAid America, visit http://www.homeaid.org/.
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Media Contacts: Brittany Pass, Erin Farkaly, Brittany Welby, Catherine Chen, and Evan Nicholson at Glodow Nead Communications, 415-394-6500 or [email protected].
