Short Term Rentals
Rental 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 MoreInvestors Favor Buy-and-Hold Rentals over Fix-and-Flip
More than half of real estate investors plan to buy more properties and keep them as rental homes, according to a recent survey of investor attitudes. The Spring 2023 Investor Sentiment Survey by RCN Capital revealed that 53 percent of investors were targeting rental homes vs. buying to renovate and resell. “The National Association of…
Read MoreRevenue Drop Reveals Cracks in Short-Term-Rental Foundation
What does this mean for single-family-home rental investors? It could signal an influx in homes listed for sale, which would be a welcome development for frustrated home buyers. That could also put downward pressure on home values and sale prices. More likely, some STR owners will transition their properties to the long-term-rental market, which also lacks inventory.
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