Posts Tagged ‘homesirent’
Luxury living in this 2 bedroom 2 bath condo in the prestigious Belvedere Tower. Elegant lobby and 24 hour concierge service with living in this modern highrise. Large chef kitchen with breakfast bar. Large Living room with great views. Formal dining area. Big Master bedroom suite with master bath. Two underground parking spaces for your use. Water and trash are included in the rent. Close to shopping and restaurants. Priced right. Square feet: 1,564
475 W. 12th Ave 12 – C – ., Denver, CO 80204
$2,695 per Month
Contact Us
Executive Home Rentals
(303) 988-9999
This 3 bedroom + office/additional bedroom offers an open floor plan with a walk out patio from the finished basement. Large kitchen with lots of counter space. Formal dining area. Large walk out deck and from the basement. Located on a plush green golf course, A must see.
4212 Tee Shot Drive – ., Colorado Springs, CO 80922
$1,450 Per Month
Contact Us
Executive Home Rentals
(303) 988-9999
While inventories of homes for sale have been shrinking this spring, MLSs are filling the void with rental listings for single family homes that until recently were foreclosures. Some 16.1 percent of all listings on MLSs today are rentals, more than double the number in 2006.
Single family rentals are $3 trillion business today and growing as investors turn to real estate and opt to rent out the bargains they buy until prices improve. Today the single family rental market accounts for 21 million rental units or 52 percent of the entire residential rental market, according to a new study by CoreLogic economist Sam Khater.
Yet the single family rental market is poorly understood and almost invisible to economists and journalists because virtually all rental market data tracks multifamily properties and either ignores the single family segment or lumps it together with multifamily.
“Single family rentals are very distinct from multifamily and they behave very differently,” said Khater in an interview with Real Estate Economy Watch. For example, on a per unit basis, rents for single family rentals run 1.5 to 1.6 times higher than multifamily. Unlike multifamily, millions of single family rentals are listed on MLSs by real estate brokers, many of who represent new owners in acquiring investment properties. As the for-sale inventory has trended down since 2005, the rental share rose 13.3 percent last year alone. As of the end of last year rental closings were up 11.5 percent year-over-year while prices fell 9.8 percent during the year. Demand is strong. The national average months’ supply for single family rentals was 4.5 months in December compared to 6.2 months for homes listed for sale.”
Another important difference is the nature of the tenants. Single family rentals, usually stand-alone properties in ownership settings, appeal more to families. In fact, the typical SFR tenant is a family that has just left a foreclosure and can afford to pay the rent on a former foreclosure but could not make the mortgage payment on their old home, perhaps because they bought with alternative financing or purchased at the peak and could not get a modification when their home lost value. Over the past five years, foreclosures have turned more than 3 million homeowners into renters. Typical multifamily tenants, however, are younger, generally single and more mobile, and have never owned a home.
Khater found a strong relationship between distress sales markets and single family rentals. Census data shows a correlation between single family rentals and the hardest hit areas of the so-called “sand states”-Arizona, California, Florida and Nevada. Investors buying REOs and short sales in foreclosure markets convert them to rental units and homeowners in the same locale who have lost their homes to foreclosure rent homes that until recently were owned by other families who suffered the same ill fortune.
Written by: Steve Cook Mon, April 23, 2012
Available Now, fully furnished home with a large bedroom suite which has a full bathroom with shower. The bedroom suite is located by itself away from the rest of the house within a sprawling 6,000 sq. ft mountain estate home complete with access to a huge chefs kitchen with granite island cook top and breakfast nook, family room, TV room, game room, formal dinning room, great room,and Laundry room. You have amazing views of pikes peak and city lights from the walk out decks with stainless steel BBQ for entertaining. You would pay $795 + 1/3rd all utilities. Separate 4 car detached garage is available for storage if needed. Looking for a mature adult that is trust worthy and looking for a nice place to live.
Rent: $795.00
23554 Waynes Way., Golden, CO 80401
Call Wayne at 303-888-2300 cell or office phone 303-988-9999
2575 S. Syracuse Way – E-202 – J-202, Denver, CO 80231
This furnished one bedroom one bath condo makes it easy and comfortable to come home too. In this quiet neighborhood, as you walk into the living room, there is a comfortable living room set waiting for you with a fireplace with tv to watch. The dinning area looks out over the deck with a patio door to open up if you’d like to smell some air. The master bedroom also has a patio door to walk out onto the deck. Enjoy reading a book or magazine using the comfortable chair in the bedroom Master bedroom also has his and her closets with plenty of room for clothes and shoes. Full master bath with tub to relax in. Large kitchen equipped with microwave, toaster, a must coffee machine, 4 burner range, and great counter space. Also lets not forget the convenience of a washer and dryer stackable next to the kitchen, so its practically effortless to keep all of your clothes clean. Right next door is the crystal blue swimming pool to take a dip in or to relax by. All utilities paid up to a $100 each month. If you lease this condo for 12 months you will receive $100 off both first and last months rent. This will go quick, so call us now to schedule a personal showing.
$895 per Month
Executive Home Rentals
(303) 988-9999
Plenty of windows give a true feeling of the Colorado beauty: view the snow capped peaks and trees every day in lovely Soda Creek, Evergreen. This home has a flat driveway with ample parking to accommodate an RV. Approximately 10 acres with 2-3 acres fenced. School bus drop off at the end of the road. Upstairs/downstairs decks connected by a dramatic spiral staircase much outdoor living and a hot tub. Hard to believe that this lovely setting with little traffic is only minutes to the grocery store as well as I-70 for an easy commute.
Wonderful stainless/granite tile kitchen with eat in space & hardwood floors as well as a formal dining room. The home has a gas log fireplace, vaulted beamed ceilings. The master suite includes a five piece bath and large walk in closet. Total 4 bedrooms and 3 baths, large laundry room, and lots of storage. Many areas suitable for a home office and lots of entertaining space. Three car oversize garage. This is a smoke free non smoking home and it is lovely with a western mountain feel.
This property is apart of our Lease your Listing (LYL) rental program which means it will be listed for sale by the owners during this rental period. Because of this lower rent price offered, the tenant could be asked to move during their term of the lease with a 30 day notice if this property goes under contract and their loan terms are approved by their bank. Additionally this tenant must allow showings with a 24 hour notice, have home in show quality condition before showings. Please be aware of these conditions for THIS house prior to contacting Executive Home Rentals to schedule a showing
$2,495 Per Month
Contact Us
Executive Home Rentals
(303) 988-9999
This is a Executive Certified Pre-owned Home!! This property sits on 18 acres with water right for two horses. This estate has 4 bedrooms with loft 3 bathrooms with high ceilings. Beautiful wood look all through the property. Chefs kitchen with granite cook top island. Large formal dinning area with windows all around for enjoying then scenery while you eat. Huge family room with fireplace and unique wet bar. Master bedroom with walkout. Master bath with duel sinks shower and tub. Attached three car garage with storage room. An addition storage shed is also available right outside the garage. Upstairs is a large loft area and hide away desk. Patio area for entertaining or just hanging out. Close to shopping and major road arteries.
Price: $4,395 per month
Recent data by Metrolist indicates that the residential market in the Denver metro area is improving. In an analysis of the data by independent broker Gary Bauer, the inventory of single-family homes available for sale declined by 3.4% from January and 42.0% from February 2011 to place its lowest measure since the 2000 rate of 8,357 with a total of 10,086, leading to increased competition and forcing buyers to bid-up on these properties. The data reveals the month of February to have experienced an increase of 19.0% from January and 12.4% from February 2011 for the number of homes placed under contract to 4,150, while the number of closings from the respective periods increased by 1.0% and 11.9% to 2,495. The gains in both measures have affected contracts to increase from the year-ago period by 11.6% and closings to improve by 13.2% for the year-to-date.
Experience Bailey, CO – small mountain town living close to Denver if necessary. This town located along the scenic S. Platte River is known for small town cafes, close to Pikes Peak “Lost Creek Wilderness” where you can hike, backpack, fly-fish and mountain bike.
This immaculate raised ranch welcomes you with a circular paved driveway. Kitchen feels new with granite and stainless. The home is drenched in sunshine – which you can enjoy in the vaulted huge great room on the main level. The solid six panel doors add to the mountain ambiance. Large master suite. Garage with room for workshop for your hobbies. Laundry room on the lower level with family room and gas stove. Feel the space around you on 2.1 acres of which some is fenced sit on the deck and enjoy. All of this mountain living close to Platt Canyon High School. Settle into this home now and you will be set to view the amazing aspens as they turn gold.
This property is a part of our “Lease Your Listing” (LYL) program which means it will be listed for sale by the owners during the rental period. Because of this, lower rent price is offered and should the property go under contract and upon buyer’s loan approval from the bank, the tenant may be asked to move with a 30 day notice, however the last month’s rent will be refunded. Additionally, the tenant must allow occasional showing within a 24 hour timeframe and must commit to have the home in show quality condition. Please be aware of conditions for THIS home when contacting Executive Home rentals to view this property.
Price: $1,595 per month.
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.
The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.
Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.
However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability. Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.
Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”
In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.
While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.
Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generation actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability.
By Lou Carlozo
Wed Feb 15, 2012 12:05pm EST
(Reuters) – Rich Arzaga owns a luxury home in San Ramon, California, but he’s not betting on it as an investment.
The founder and CEO of Cornerstone Wealth Management, who bought the 5,000 sq. ft. property in 2005 for $1.8 million and has spent $500,000 improving it, considers the abode a wonderful place for his family. But ask him to rate his home — or any home, for that matter — as a financial investment, and Arzaga balks.
“It’s the American Dream to own a home, but whoever said that didn’t do the analysis on it,” says Arzaga, knowing he’s taking a contrarian stance to conventional wisdom.
Examining 250 properties around the U.S., and going through close to 40 client files to project the financial impact of owning real estate versus liquidating it, Arzaga, an adjunct professor in personal finance at the University of California at Berkeley, found that, “100 percent of the time it was better to rent, rather than own.”
That’s right: 100 percent.
The reason is simple. While a home is the main repository of wealth for many Americans, it comes with numerous hefty expenses. The carrying costs – what’s needed to hold and maintain the asset – range from property taxes and home insurance to emergency repairs and renovations. In a rental situation, the landlord covers those costs, leaving the occupant free to invest revenue in other areas.
“I don’t have the emotions a lot of people do surrounding real estate,” Arzaga says. “I have steely eyes for how investing in real estate works, and I’d better be a prudent investor for my clients.”
Owning a dream home, he says, creates a drain on other financial priorities, causing homeowners “not to meet their financial goals. They were going to fail.”
Some real estate experts thought there was some truth to Arzaga’s argument, albeit with several conditions.
“To state that owning a home is or isn’t a good investment is too simplistic,” says Jeffrey Rogers, president and COO of Integra Realty Resources. “It depends. In times of relatively higher rents, low home values, and low interest rates, it makes sense to own a home. But in a reverse market, it wouldn’t be economically feasible. Over time, those who purchase in down or flat markets with low interest rates come out ahead.”
“Our lifetimes are a long time, and when we look over the long term, real estate and other investments tend to have a positive return,” says Jed Kolko, chief economist at Trulia.com,
a real estate search and research website. “But when it comes to real estate, changing your mind is expensive. There are a lot of costs involved in buying, selling and moving. If you move every two years, it’s probably a bad investment for you. It also depends on your job market. If you’re in a one-company town and the company goes down, there goes your job and there goes your home value.”
Greg McBride, a senior analyst at Bankrate.com, agrees with one point of Arzaga’s. “Home ownership is not so much a creator of wealth as a store of wealth,” he says. “The promise of home ownership is that over the long haul, it can rebate many or perhaps all of your costs, unlike rent, which doesn’t rebate a dime.”
The trouble, he says, is that many Americans want a home so badly, they neglect other ways to grow wealth and financial security.
“You have the other financial bases covered: emergency savings, retirement savings, paying off debt, saving for the education of your children,” McBride says. “There’s no sense in buying a home if it’s going to deplete your emergency or retirement savings.”
McBride crunched the numbers in a pre-bubble era (2004) for a home purchased at $200,000 by a buyer in the 27 percent marginal tax bracket. Factoring in a 30-year mortgage, $1,200 in annual home insurance, closing costs of $5,500 and maintenance costs of $100 a month, along with property taxes, he calculated that it would take a selling price, 10 years later, of $395,404 just to break even. His conclusion gave Arzaga’s view credence: “Homeownership may not be the moneymaker you think it is.” (See the full chart at link.reuters.com/hej66s)
Then there’s the emergency fund, a must for when a home requires unexpected repair work.
“As far as emergency savings is concerned, six months of a cushion is adequate,” McBride says. “But only 24 percent of people have that kind of cushion, and about 65 percent own homes.”
So while home ownership may sound glamorous, you need a lot of money to make it work, without much guarantee of positive returns in a post-bubble era. Indeed, Arzaga cites himself as an example of how home ownership doesn’t pay off. His residence is today worth $1.5 million, about 17 percent less than what he paid.
So why not sell? For Arzaga, it’s a lifestyle choice, and one that he doesn’t regret, since his big money-making investments are elsewhere.
(Editing by Bernadette Baum, Beth Pinsker Gladstone and Andrew Hay)
Upscale modern 1 bedroom 1 bath condo offers beautiful bamboo hardwood floors through out the unit. All new appliances with a hidden washer and dryer stack-able. Large bedroom with big walk in closet. Private fenced patio for relaxing and people watching. Next to major downtown road arteries like Lincoln, Broadway, and Speer Blvds. Great condo to enjoy the night life and downtown Denver festivities. This unit also comes with WIFI and Cable FREE!!!!! Hurry this unit will be rented soon!!! 740 Sherman St. Unit 105 – ., Denver, CO 80203
$950 per month
Own Your Own PROPERTY MANAGEMENT FRANCHISE
Our franchise system was specifically developed to alleviate the biggest hassles of
being a property manager: maintenance/repair headaches and difficult rent collection
Executive Home Rentals offers an exciting business opportunity at an affordable startup price, with the ability to be open for business in about 60 days. As a real estate agent, you already have the license you need to be a property manager. Executive Home Rentals has a total of 24 franchise territories in Colorado to award to qualified real estate professionals. We are now in the process of accepting applications for all Colorado territories.
WE MAKE PROPERTY MANAGEMENT SIMPLE BY PROVIDING OUR FRANCHISEES:
- All property maintenance and repair – handled 24/7 by our Executive
- Maintenance Division (no liability or expense for the franchisee)
- Convenient, monthly electronic fund transfers (EFT) which automatically collect and disburse rents (from tenants and to owners)
- Comprehensive training – initially and ongoing Our EHR property management software which takes care of all accounting, homeowner statements, maintenance work orders, etc.
- Exclusive territories
- Access to our local and national vendors to manage and promote your properties
Executive Home Rentals has 25+ years experience in the property management and home rental business. We are looking for qualified real estate professionals to join our team as Executive Home Rentals Franchise Owners.
Retail sales for January enjoyed a slight gain to $401.4 billion, an uptick of 0.4 percent from the previous month, the Census Bureau reported last week. More encouragingly, this was 5.8 percent higher than January 2011, and total sales for the November 2011 through January 2012 period were up 6.3 percent from the same period a year ago.
Looking at categories, January’s retail trade sales were up 0.4 percent from December 2011 and 5.5 percent above last year. Food services and drinking establishment sales were up 8.2 percent from January 2011 and building material sales were up 8.1 percent from last year.
In fact, January retail sales pointed to growing underlying strength in the economy, given that core retail sales, which exclude auto, gasoline and building material sales, actually increased 0.7 percent, indicating increased consumption by Americans.
“[The] retail sales data are better than they look, but they don’t suggest that consumption growth is about to set the economic recovery alight,” wrote Paul Dales, an economist at Capital Economics, in a note to clients.
First-time claims for unemployment benefits placed in the week ending February 11 dropped to 348,000, a decrease of 13,000 from the previous week’s revised figure of 361,000, the Employment and Training Administration reported last week. The four-week moving average was 365,250, a decrease of 1,750 from the previous week’s revised average of 367,000.
The total number of insured unemployed workers during the week ending February 4 dropped to 3,426,000, a decrease of 100,000 from the preceding week’s revised level of 3,526,000, the Administration also reported. The four-week moving average was 3,492,500, a decrease of 8,250 from the preceding week’s revised average of 3,500,750.
Turning to real estate, building permits issued in January for construction of private housing ticked up to an annual rate of 676,000, which was 0.7 percent over December’s revised rate of 671,000, and 19 percent over the January 2011 estimate of 568,000, the Census Bureau and the Department of Housing and Urban Development reported last week. Permits for single-family homes issued in January were at a rate of 445,000; this is 0.9 percent above the revised December figure of 441,000.
Actual starts on construction of private housing initiated in January hit an annual rate of 699,000, which was 1.5 percent above December’s revised estimate of 689,000 and 9.9 percent higher than the January 2011 rate of 636,000. Starts on single-family homes in January declined to a rate of 508,000, which was 1 percent less than December’s revised rate of 513,000.
Completions of private housing in January were at a seasonally adjusted annual rate of 530,000, which was 12 percent below December’s revised estimate of 602,000, but 4.1 percent higher than the January 2011 rate of 509,000. Completions of single-family homes in January were at a rate of 389,000, which was 14.9 percent under December’s revised rate of 457,000.
Industrial production was unchanged from December to January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities for the month, the Federal Reserve reported last week. Looking at specific segments, the index for motor vehicles and parts jumped 6.8 percent and the index for other manufacturing industries increased 0.3 percent. The output of utilities fell 2.5 percent, as demand for heating was held down by temperatures that moved further above seasonal norms; the output of mines declined 1.8 percent.
This week sees an extremely light calendar of financial headlines due to the Presidents’ Day holiday, starting Wednesday with existing home sales for January form the National Association of REALTORS®. This is followed Thursday by initial jobless claims for last week from the Employment and Training Administration. The week closes with the University of Michigan’s consumer sentiment score for February and new home sales for January from the Census Bureau.
This property has been reduced from $2500 a month to now a $2295 for a December 1st move in!! Just over 2,000 sq. ft. of finished living space in this 3 bedroom and 3 bath home. If you are the outdoor type you will enjoy the huge spaces on the 2 levels of decks outside the house just as much as the spacious rooms inside the home. Inside you will find hardwood flooring, new carpet, vaulted ceilings, 2 wood burning fireplaces and much more. Listen to the crackle of the fireplace from the loft style master bedroom, or enjoy the quiet setting from anywhere in the home…. you have more trees than neighbors. In the colder months you will appreciate the quiet and gentle warming of the hot water baseboard heating system, with 4 zones for getting every room just right. Once you pull your car into the 2 car, oversized, attached garage, you have entered your own lodge in your own little national park. Please call to set up a private showing, but hurry this home will not be available for long.
$2,295 per month
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