Millennials, the most widely analyzed generation since the Baby Boomers, are changing the real estate market and how we buy and sell homes. This age group, born between 1980 and 1995, are frugal, careful decision makers, coming out of the worst recession and real estate market in decades. Despite this, research suggest Millennials are the fastest growing demographic in the real estate market. Although Millenials have been sidelined by high unemployment, student loan debts, and tight credit- they have a different outlook on home ownership and long-term investments than previous generations. Millennials tend to research upfront regarding location and availability, their societal trends play a major role- as they wait longer to get married and start a family, life events that tend to spur home purchases.
Millennials are not in a rush to buy their own homes. In fact, many of them are not in rush to move out of their parent's house. That doesn't mean, however, that they'll remain renters- or freeloaders in mom and dad's basement forever. If Millennials are going to buy in- or buy a home, the conversation about their motivation for purchasing a home needs to shift. This doesn't relate to the American Dream or the accumulation of things, this relates to growing wealth and having the ability to pay off student loan debt.
One thing is for sure, young people have plenty of hurdles to overcome in regards to home ownership.
Showing posts with label Omaha homes for rent. Show all posts
Showing posts with label Omaha homes for rent. Show all posts
February 11, 2015
March 26, 2013
Is It Time For A Property Manager
Renting a
property requires a broad skill set to match an ever-changing set of
challenges. What you might have been able to handle at one point in your career
as a landlord may alter over time.
Read on
for the aspects of property management that might inspire you to call in
reinforcements to help you out.
Maintenance
If your stable of properties has grown, you feel like you’re losing money on repairs, or you’re just short on time, you might want help with property maintenance. Consider how a landscaping service might do more work than you can comfortably, saving you hours that could be put to other use.
If your stable of properties has grown, you feel like you’re losing money on repairs, or you’re just short on time, you might want help with property maintenance. Consider how a landscaping service might do more work than you can comfortably, saving you hours that could be put to other use.
Interacting with residents
If you have a number of residents or have your properties scattered throughout the area, collecting rent and dealing with all the issues residents might have can become time-consuming. A reputable property management company can take the headaches away by collecting rent, keeping units rented, and dealing with resident problems. Property managers can also help you stay on top of maintenance, legal issues and affordable housing program paperwork. The peace of mind you get from the help will likely make the service worth every penny.
If you have a number of residents or have your properties scattered throughout the area, collecting rent and dealing with all the issues residents might have can become time-consuming. A reputable property management company can take the headaches away by collecting rent, keeping units rented, and dealing with resident problems. Property managers can also help you stay on top of maintenance, legal issues and affordable housing program paperwork. The peace of mind you get from the help will likely make the service worth every penny.
Keeping up with laws
Housing law is in constant flux. From rent control to changing codes, you need to be on top of it all to stay compliant. If you’re already feeling overwhelmed, a real estate lawyer might make your life easier by making sure you are up to date legally and that your property insurance provides adequate protection, for instance.
Housing law is in constant flux. From rent control to changing codes, you need to be on top of it all to stay compliant. If you’re already feeling overwhelmed, a real estate lawyer might make your life easier by making sure you are up to date legally and that your property insurance provides adequate protection, for instance.
Taxes
If you’ve been brave enough to manage your taxes on your own, hats off to you. With a single rental property, there is a lot to keep track of in terms of deductions and how much tax you owe. With more than one property, the paperwork increases significantly.
If you’ve been brave enough to manage your taxes on your own, hats off to you. With a single rental property, there is a lot to keep track of in terms of deductions and how much tax you owe. With more than one property, the paperwork increases significantly.
March 3, 2013
What it takes to make a good tenant.
Do you want to be a good tenant? So do we, we have our tenants sign a lengthy lease but being a good tenant comes down to three things.
1. Pay your rent on time, its that simple. The rent is due on the 1st and late after the 5th. Please pay your rent on time. We don't want to collect the late fees. When you are late its a lot of work for us, just pay your rent on time and we will think you are a good tenant
2. Respect the property. Its funny when you think no one washes a rental car. But this is serious. You are living in something that is a very expensive and a complex asset, We just ask you treat it with care and to treat it no different than would if you owned it. We work very hard keeping the rent affordable, please help us continue to do this by not damaging the property.
3. Respect the neighbors. Have you ever lived next to a noisy neighbor? Its very stressful, when you get off work and you just want to hang out and the neighbor is playing loud music. Another example of this is keeping the trash picked up and in trash cans with lids and take them to the curb one a week on trash days.
This pic is Paleo Pizza that our Property Managers Ynna Colon and Liz Salnicky Made. If you want to learn more about the Paleo lifestyle more let one of us know.
1. Pay your rent on time, its that simple. The rent is due on the 1st and late after the 5th. Please pay your rent on time. We don't want to collect the late fees. When you are late its a lot of work for us, just pay your rent on time and we will think you are a good tenant
2. Respect the property. Its funny when you think no one washes a rental car. But this is serious. You are living in something that is a very expensive and a complex asset, We just ask you treat it with care and to treat it no different than would if you owned it. We work very hard keeping the rent affordable, please help us continue to do this by not damaging the property.
 |
| Liz Salnicky and Ynna Colon Paleo Pizza |
This pic is Paleo Pizza that our Property Managers Ynna Colon and Liz Salnicky Made. If you want to learn more about the Paleo lifestyle more let one of us know.
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