meddle fred: Rental Real Estate Industry News - January 17, 2012

Friday, January 18, 2013

Rental Real Estate Industry News - January 17, 2012 | Real ... - Zillow

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In this week?s rental industry headlines, see which types of commercial businesses renters are less likely to want to share a building with, and what factors contribute to new agent success. New Yorkers are facing a softer rental market due to more homebuyers and resistance from tenants.

Lennar Plans $1 Billion of Apartments in Rental-Market Foray

Lennar Corp., the largest U.S. homebuilder by market value, said it plans to diversify into apartments with the construction of $1 billion of multifamily properties as rental demand climbs. The Miami-based company plans to start building 3,000 apartments this year in Jacksonville, FL and Atlanta, GA.

The Rental Tide Subsides

Apartment rents in New York City have been rising rapidly for several years, but recently they?ve been dropping.?In addition to the economy, factors creating a softer rental market include greater numbers of first-time homebuyers and resistance from tenants, who are leaving when their leases expire rather than pay higher rents.

Real Estate: Rental Complaints Mount

A Riverside, CA real estate rental company is amassing complaints from clients who claim they are being fleeced of their hard-earned cash through a business model designed to sell phantom rentals.?The complaints say customers are being sent to wrong addresses, get their showings cancelled repeatedly and ultimately learn the house they rented is either no longer available, costs more than the advertised price or is controlled by another agency.

What are the Best & Worst Businesses for Retail Space Beneath our Co-op Building??

Grocery stores, restaurants and bars are typically the least desirable from a quality of life perspective.?On top of that, they can do a number on resale values.?So who are the best commercial tenants? Read more to find out.

First-Time Agents Must See Themselves as Business Owners, Not Employees

What does it take for new agents to succeed? Some 277 broker-owners and managers from the Texas Association of Realtors shared their observations about the factors they have seen that contribute to new agent success.