Items Tagged with 'rentals'

ARTICLES

  • Real estate listings site Zumper raises $46 million to build instant rental feature

    Plans “Book Now” platform with funding from Axel Springer, Blackstone
    As mellohome CEO Chris Heller recently noted, there’s a race afoot to be the dominant player offering a true one-stop-shop for homebuying. There appears to be a similar sprint happening on the rental side of the business as well. Case in point, rental listings site Zumper is preparing to roll out its own end-to-end platform that will allow renters to instantly rent an apartment or a home through its site.
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  • More young families opt to rent instead of buy

    Homeownership for families with young kids drops 14%
    More young families chose to rent instead of buy in the 10-year span from 2006-2016, according to a study by RENTCafé. Likely influenced by rising home prices, tough lending rules and a lack of entry-level homes, the number of families with minor children that owned a home decreased by 3.6 million.
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  • Rental scammer ordered to repay $5.2 million to deceived consumers

    Offered fake rentals and tricked people into signing up for credit monitoring
    The owner of a supposed credit monitoring service will repay $5.2 million to deceived consumers for using fake rental properties to trick those consumers into signing up for the credit services. The company's sites offered "free" credit information but auto-enrolled the renters into a credit monitoring service that charged $29.94 on a monthly basis.
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  • Roofstock Series C funding boosted to $42 million by new investors

    Online marketplace for single-family rentals also passed $1 billion in transactions
    Back in October, Roofstock, an online marketplace for single-family rental home investing, announced that it raised $35 million from seven different investors in its Series C round of funding. But, more investors apparently wanted the chance to fund the platform.
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  • RealPage continues expanding, agrees to buy On-Site for $250 million

    Acquiring leasing and marketing platform for rental properties
    This year really is turning out to be a year of expansion for RealPage, as for the fourth time in 2017, RealPage, a provider of software and data analytics to the real estate industry, announced that it is acquiring another company. RealPage announced Wednesday that it is acquiring “substantially all of the assets” of On-Site Manager for approximately $250 million in cash. That brings RealPage’s total expansion expenditures for 2017 to just shy of $700 million.
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  • Airbnb limits long-term housing options and tenants start to fight back

    Bloomberg reports on landlords choosing short-term renters
    As more investors and landlords move to list houses and apartments on short-term rental websites, like Airbnb, rather than seek long-term renters, a fight is emerging over the impact of this shift on renters. A new report shows just how contentious the fight over Airbnb is becoming in certain expensive markets, such as San Francisco.
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  • 3 Christmas wishes for housing joy

    Santa, I'm a believer
    With Christmas only days away, it’s time to fire off my “housing wish list” to the North Pole. I know from good sources that Santa and the elves are exceptionally fast workers, so it’s never too late, even when making requests on a subject as complex as our nation’s housing system.
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  • American Homes 4 Rent revenue explodes in first quarter

    It’s a good time to be in the rental business
    Riding a hefty increase in net operating income generate by leased properties, American Homes 4 Rent reported a revenue increase of 70.5% in the first quarter. With an increasing portfolio, things are only looking up for the company.
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