One day in January, Dana Cremo was on her front porch hanging a vintage screen door when two city employees walked up.”You can’t park on your driveway,” they said.”Why?” she asked. “Because somebody filed a complaint,” they said.Five days later, an investigator notified Dana and her husband, Larry, that they had violated city codes by adding a driveway to their home in the city’s Historic Old Northeast. They were cited even though city officials had approved their plans four different times. Even thou
Source: They spent $15,000 adding a driveway to their St. Pete House. Now the city says they can’t park on it
It’s easy to see the rise in popularity of Airbnb and other online vacation rental sites and think it’s a good idea to buy a property dedicated to short-term housing. But that strategy may not be as simple or lucrative as it seems, experts warn. The old adage “location, location, location” is true even more in vacation rental ownership. “Certain areas are better for year-round renters,” says Will Woodard, a certified financial planner in North Carolina’s Outer Banks. He explains the climate in his hometow
Source: Is Owning an Airbnb a Smart Investment?
The waterfront house at 2765 Lake Drive is the ninth most valuable in Riviera Beach, its worth estimated by the county at nearly $2.2 million.Yet, despite its lush lawn, dock and swimming pool on Singer Island alongside the Intracoastal Waterway, five bedrooms and four full baths, utility bills obtained by The Palm Beach Post indicate no one at the 5,900-square-foot property used any water the past six years.No showering? No flushing? No dishwashing, lawn watering?
Source: How has a Singer Island mansion dodged water bills for 6 years?
Jennifer Paul St. Denis thought she had found the perfect landlord. A mother of two from Marietta, Georgia, St. Denis had been looking for a new home last summer after separating from her husband. Her search didn’t take her far. After spotting an ad from a company called Waypoint, she discovered they had a “super-cute” two-story home with a yard and back porch a few blocks away. At $1,449 a month, it was even within her budget. St. Denis loved staying in the same neighborhood, but, just as importantly, she appreciated the security that came with her new landlord.
Waypoint is one of a new breed of large-scale corporate landlords heavily invested in the single-family rental market. (Waypoint has since merged with Invitation Homes. At the time St. Denis moved in, the company had a multi-state portfolio of more than 30,000 homes.)
“Being a [newly] single mom trying to find a good place for my kids, it was appealing to have a company with the staff and resources to solve problems I didn’t have time to address,” she says.
Source: Wall Street and single-family rental homes – Curbed
A Casey Key estate with old cottage feel but modern conveniences and a prized setting pushes asking price to $6.2 millionAn estate at the northern end of Casey Key that sits on over an acre of bayfront land has a history that would classify it as “old money.” Florida vernacular in design and fully integrated into the lush and old growth barrier island landscape, the compound is comfortable and relaxed, quite the opposite of showy.You can’t see it from the road and privacy is one of the chief attractions of this unusual property, which includes a main two-story house of over 6,000 square feet, a detached 600-square-foot guest cottage, a bunk house, potting shed, three-car garage, 100-foot dock, and a boat house. Additionally, the property has 3,600 square feet of outdoor living space, including an outdoor kitchen under oak trees.
Source: Old Florida, new Florida in $6.2 million Casey Key estate
Bouts of brutally cold weather have not kept Alison Benoit, a real estate agent in the Pepper Pike office of Keller Williams, from writing six accepted offers on homes last month. That figure is as much as the 20-year veteran of the residential market says is typical for hot sales months in summer.”For me it’s not been all that different than working with a buyer who is pre-qualified with a lender,” Benoit said of searches she has undertaken from Cleveland Heights to Medina that resulted in two closings.However, the difference is that Benoit is working with people who will lease a home they select for three years from San Francisco-based tech startup Divvy Homes. After that time, if they want to stay, they will get to buy the house with a bonus for appreciation as well as credit for part of the equity they contribute.
Source: Tech startup is making waves in housing market