This is a 22 unit student housing (8 Full Unit Rentals and 70 Rentals by the bed), energy efficient complex built in part in 2012 and in part in 2014 on a 1.110 acre lot in a quiet, densely residential, neighborhood. The complex includes 13 five-bedroom three-bath units rented both by the unit and by the bed with about 1,700 square feet of living space per unit and each with a double car, 360 square foot garage; 2 four bedroom two and one half-bath units rented by the unit with about 1,632 square feet of living space and 7 five-bedroom five-bath units rented both by the unit and by the bed with about 1,782 square feet of living space and each with a double car, 370 square foot garage. The units rented by the bed include a monthly cleaning service covered by Landlord. This fee amounts to $25 per month per bed and has cut down drastically on annual pest control and turnover costs that are often high in student housing facilities.
Monmouth is a town in Polk County Oregon with a population of approximately 22,000 residents (2015).The Polk County area is fairly diverse and greatly influenced by an economy dominated by governmental services, agriculture, retail trade, manufacturing, forest products, health services, education and tourism. Monmouth is home to both Western Oregon University and Chemeketa Community College - Eola campus. Western Oregon University is a leading public liberal arts institution with an approximate total enrollment of more than 6,100 students with popular majors such as Business, Criminal Justice, Education, Exercise Science and Psychology. Chemeketa' s 55-acre Eola campus offers comprehensive programs that compliment the agricultural abundance of the valley including horticulture and agri-business management. The area is also characterized by a longer term history of stable, moderate economic growth, with the public' s general attitude toward controlled and planned expansion offering a desirable environment for continued growth and real estate investment. The current significant growth in Western Oregon University also bodes well for the subject' s proposed project.
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71,988 SF Class C Manufactured Housing/Mobile Home Park Building Property is for sale at $2,799,000 ($38.88/SF)
Royal Garden has 50 leasable pads. Located in desirable Hollywood Florida. This is a fee simple transaction with no ground leases. Property is currently 100% occupied. There is very little maintenance with low operating expenses. This park has a manager on site and is very easy to manage and operate. The total lot size is 71,988 sq ft (1.65 acres). It is very feasible this location
Of course, these are just a few examples—and fairly obvious ones at that. After reading the above list of protected classes and examples of discriminatory language, you may think you have nothing to worry about. After all, most of us would never intentionally discriminate against any of the above classifications. However, intentional or not, discrimination is discrimination, and even a well-meaning comment or decision made by the landlord (or anyone acting on behalf of the landlord) can be considered discriminatory, putting the landlord at risk.
Therefore, it’s important to review the Fair Housing Laws regularly to avoid sticking your foot in your mouth and winding up with a lawsuit on your hands. We don’t want to scare you, but we also want to ensure you are prepared for your journey into landlording, so here are a few things you can do to ensure you aren’t discriminating against any of the protected classes and to protect yourself from a potential lawsuit.
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Here’s the good news: Sales of newly constructed homes rose in the beginning of the year. The bad news? It wasn’t enough to ease the housing shortage that is frustrating would-be home buyers across the nation.
Buyers purchased about 3.7% more new homes in January than in December, according to a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The January purchases were also 5.5% above where they had been a year earlier. (Realtor.com® looked only at the seasonally adjusted numbers, which have been smoothed out over 12 months to account for seasonal fluctuations.)
Sounds good, right? Well, not exactly.
"New-home sales should be growing much more than they are,” says Chief Economist Jonathan Smoke of realtor.com. "We should be seeing twice the volume of new-home sales, and we’re not.”
The reason is that there aren’t enough buyers who can afford the median $312,900 price tag of one of those new homes, often decked out with the latest appliances and finishes. They are nearly 37% more expensive than the median $228,900 price for an existing home in January, according to the most recent National Association of Realtors® data.
Prices on those new homes dipped 1% from December—but were nearly 7.5% higher than in January 2016.
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U.S. home prices surged higher in December, just months after hitting a high last seen at the height of the housing bubble a decade ago.
The S&P/Case-Shiller 20-city index rose 5.6% in the three-month period ending in December compared to a year ago, up from a 5.2% annual gain in November.
The broader national index rose 5.8% for the year in the December period, the strongest gain in 30 months. Economists had forecast a 5.4% increase in the 20-city index, which attracts more attention than the national measure. In December, the hottest markets were again in the West. Seattle prices rose 10.8% compared to a year ago, Portland prices were up 10.0%, and Denver saw increases of 8.9%. Twelve cities had bigger annual price gains in December than November.
It's a tough market for homebuyers. Prices are high and supply of available homes is low. And while the Federal Reserve's rate hike could make home buying more expensive, house hunters shouldn't start panicking yet. The Fed increased its benchmark interest rate by one-quarter of a percentage point on Wednesday. The Fed doesn't directly set mortgage rates, but its actions can affect the housing market. Mortgage rates tend to move with the government's 10-year Treasury note, which serves as a benchmark for many forms of credit, including mortgages. Interest rates on the notes have already risen since Donald Trump was elected president and on signals the Fed would continue to tighten monetary policy. But Wednesday's hike was widely expected, meaning the markets had already priced it in. So many experts don't see rates moving much higher in the coming weeks. "The last couple of times the Fed made a move, the rates firmed up in advance of the decision, and when it happened they kind of faded," said Keith Gumbinger , vice president of HSH.com. The Fed has now raised rates three times since the end of 2015. Following the first hike in December 2015, mortgage rates started 2016 with a drop for the first few weeks.
Real estate is a reliable way to make extra income and earn a return on your initial investment, but your choice in neighborhoods will have a massive impact on your success. Different cities and regions offer different perks for your investment, such as more attractiveness to incoming tenants and a greater potential for appreciation, but you’ll need to consider the advantages and disadvantages carefully before you make a purchasing decision.
One of the most interesting opportunities for real estate investment is in apartments or housing near college campuses. Near-college real estate can be a potentially lucrative investment—so long as you know what you’re getting into. Using a location-specific search site (such as Gator Rentals for Gainesville or Smart City Living for Dallas or Austin) can help you get a feel for the pricing and accommodations of your specific area, but the advantages and disadvantages of near-college real estate are somewhat universal.
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Buyers purchased about 3.7% more new homes in January than in December, according to a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The January purchases were also 5.5% above where they had been a year earlier.
“New-home sales should be growing much more than they are,” says Chief Economist Jonathan Smoke “We should be seeing twice the volume of new-home sales, and we’re not.”
The reason is that there aren’t enough buyers who can afford the median $312,900 price tag of one of those new homes, often decked out with the latest appliances and finishes. They are nearly 37% more expensive than the median $228,900 price for an existing home in January
The broader national index rose 5.8% for the year in the December period, the strongest gain in 30 months. Economists had forecast a 5.4% increase in the 20-city index, which attracts more attention than the national measure.
Sales of previously owned homes tumbled in February as the housing market remained choked by tight inventory.
Existing-home sales were at a 5.48 million seasonally adjusted annual rate last month, the National Association of Realtors said Wednesday. That was down 3.7% compared with January’s sales pace, which was the strongest in a decade.
The median forecast among economists surveyed by MarketWatch was for a 5.45 million pace.
Sales in February were still 5.4% higher compared with a year ago, but the supply situation has worsened. Inventory was 6.4% lower than in February 2016. Meanwhile, the median home price rose 7.7% compared with a year ago to $228,400.
At the current pace of sales, it would take 3.8 months to exhaust available homes for sale, the lowest in any February back to 1999.