Items Tagged with 'rental homes'

ARTICLES

  • Meet Divvy: Startup aims to revolutionize rent-to-own

    Buyer selects property, Divvy buys home, rents it to resident while they build equity
    While rent-to-own is not a new concept in the housing market, a new real estate company is set to launch that aims to rebrand renting to own into a buyer-friendly proposition. Divvy Homes, which soft-launched two months ago, claims that its program offers consumers the flexibility of renting with the financial benefits of homeownership, all with the prospective homeowner in mind.
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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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  • Facebook launches massive push into real estate listings

    New feature also “rolling out gradually” for home sales
    Zillow. Trulia. Realtor.com. Redfin. All household names in the real estate listings world, right? Well, those companies now have some serious competition from a company that boasts an audience that dwarfs all of those sites put together – Facebook. That’s right. Facebook is coming to real estate listings.
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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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  • Rentalutions, online platform for landlords, raises $2 million to fund expansion

    Funding will be used to automate service offerings
    Rentalutions, a Chicago-based online platform for landlords, announced this week that it plans to expand its offerings thanks to a $2 million round of funding. The company said that it plans to use the funding to add new features to “automate common time-consuming and expensive processes, including finding and screening tenants, accepting payments and managing maintenance requests.”
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  • New Arizona law removes citywide Airbnb restrictions

    Municipalities can no longer restrict short-term rentals
    Airbnb and other short-term rental websites could soon become more popular in the state of Arizona thanks to a new law that took effect on January 1. According to a report from the Arizona Daily Sun, the state’s new laws stipulate that cities, towns, and counties cannot put any restrictions on short-term rentals “simply because the property is not classified as a hotel.”
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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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  • Altisource Residential doubles single-family rental portfolio with $652 million deal

    Agrees to buy 4,262 rental homes
    When Altisource Residential said last year that it planned to grow its portfolio of single-family rental homes by 900% – from 2,516 to more than 25,000 – over the next few years, the company apparently wasn’t kidding. Altisource said Friday that it is buying a portfolio of 4,262 single-family rental properties for an aggregate purchase price of $652.3 million, a deal that more than doubles Altisource’s rental holdings.
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