Landlord Rental Property
Hard data is not easy to come by but one telltale sign is how many people are converting homeowners insurance into landlord policies, with one insurer, Allstate, reporting a 27 percent increase in conversions in the first quarter.
Anecdotal evidence compiled by the Wall Street Journal indicates that many others have to rent out homes they can’t sell when they need to move somewhere else for career reasons.
Real estate brokers have begun offering property management services to clients, though income from rent often falls short of what is owed on the mortgage, and then 3 to 12 percent of the rent is required for management fees.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. More Homeowners Turn Into Reluctant Landlords :Real Estate is brought to you by SimplifyEm Pay Rent Online and Property Management Software
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