Archive for August 2023
Riverside, CA, Sees Biggest Move Toward Rent Affordability, Study Shows
Rents for homes in Riverside, Calif., made the greatest strides toward affordability, according to figures from the Realtor.com July Rental Report. Renters in the Inland Empire city with a typical household income spent 33.9 percent of their monthly paycheck on the typical rental property in July 2023, the report showed. That number exceeds the prescribed 30…
Read MoreRental Rip-offs Spike; Real estate fraud losses near $400M, FBI reports
Rental home scammers took more than $396 million from unsuspecting victims in 2022, according to the Federal Bureau of Investigation. Last year, more than 11,700 people were taken for the losses in real estate scams compared with $213 million in 2020, according to the FBI Internet Crime Complaint Center. The number of victims decreased 14…
Read More7 Tips for Landlords to Reduce Property Insurance Premiums
Insurance prices, like everything these days, are going through the roof. And that is contributing to the weight bearing down on rental home investors trying to stay profitable in a high-inflation economy. But here are a few steps you can take to reduce your costs and keep your margins as high as possible: Bundle Your…
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