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10 September 2024 | 19 replies
More cumbersome and a definite impact is the rent control law.
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11 September 2024 | 7 replies
Here are some specific questions i have:1. are there certain locations where revenues may be impacted by seasonal weather changes, like for example heavy rainfall for 1 out of 3-4 months will drop revenue significantly, or excessive heat/cold for seasons will bring significantly less customers?
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10 September 2024 | 43 replies
But, they will also increase long-term returns for landlords in the areas they are implemented, because they will inhibit new development and improvement of existing housing stock.Every law that imposes "protections" for renters has the long-term impact of limiting supply.
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11 September 2024 | 13 replies
Thanks @Kevin Sobilo, I hadn't thought about the inflation factor-which is impactful.
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10 September 2024 | 10 replies
Every metric a STR owner should be tracking is impacted (significantly).
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10 September 2024 | 1 reply
However, consider the impact on the current bathroom-to-bedroom ratio and whether the loss of the open loft space might affect some buyers' interest.Vancouver's real estate market has been strong, with increasing home values.
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10 September 2024 | 1 reply
.- Diverse Property Portfolio: The area seems to have a mix of both residential and commercial properties, which could allow for diversification in your investment strategy.Strategic Location: Shelby's proximity to global markets via nearby airports, rail, and port facilities could make it attractive for businesses, potentially driving demand for both commercial and residential real estate.Potential Challenges- Economic Concerns: The unemployment rate of 13.0% is relatively high, which could impact the overall economic stability of the area and potentially affect real estate values and rental demand.- Price Discrepancy: There's a notable difference between the median listing price ($295,000) and the average home value ($201,945).
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10 September 2024 | 7 replies
All the soft costs plus impact taxes.
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10 September 2024 | 12 replies
But keeping them means below market rents and potentially further remediation costs in the future.One thing that others didn't seem to directly hit on, that you should consider, is having the smoker in the building impacting other units.
9 September 2024 | 2 replies
The jobs report likely won't impact whether rate cuts will come, but could impact by HOW MUCH rates will be cut.