vesting niche. The report incorporates the results of Corpo- rate Housing By Owner’s seventh annual survey of hundreds of managers and owners of furnished, monthly residential rental properties across the United States. The aim, said the company’s CEO, Kimberly Smith, is to enable those owners and property managers to capitalize on emerging trends and achieve greater success with their rentals. Among the report’s highlights: > As the real estate market stabilizes, new landlords are enter- ing the market—65 percent of respondents say they have been landlords of furnished monthly rentals for four years or less, and 28 percent have been landlords for one year or less, the highest percentage since 2011.
NEWNAME, NEW INITIATIVES FOR TEN-X AUCTION.COM has rebranded itself TEN-X , to reflect the com- pany’s transition into an online marketplace where buyers, sellers and the agents and brokers who represent them can interact to buy and sell high-quality residential and commercial real estate. Under the new brand, the company has three transaction platforms: Ten-X Commercial; Ten-X Homes, which will feature traditional, move-in ready residential properties; and Auction.com, which will continue to feature properties for residential real estate investors. In addition, Ten-X plans to launch and demonstrate new commercial and residential platforms—which will feature both auctions and more traditional transaction options—in March at the South by Southwest Interactive Festival in Austin, Texas. Both platforms will be optimized for use on desktop, tablet and smartphones. Ten-X Commercial is a national platform. Ten-X Homes will have a national footprint, but focus initially on four launch markets: Dallas, Denver, Miami and Phoenix.
> The majority of respondents (58 per- cent) report that they are landlords for “investment purposes.” > For the fourth year in row, more than nine out of 10 respondents report their properties are profitable or break-even.
WEB :: www.ten-x.com
> An all-time high (39 percent) report charging higher or much higher rental rates in 2015. The number has been rising since 2013. > Also an all-time high (92 percent) say they do all their property management themselves. > “Relocation” renters rose to 45 percent (up 3 percent from 2014). The survey also noted all-time highs in renters due to home remodels (30 percent), movies/entertainment (15 percent) and divorce (20 percent). > Six out of 10 respondents said their last tenant stayed for three months or longer. > The number of property owners who accept pets rose only slightly (38 percent—down from the all-time high of 50 percent in 2011).
TEXAS REAL ESTATE INVESTORS EXPO SET The 3rd Annual TEXAS REAL ES- TATE INVESTORS EXPO , sponsored by SAREIA (San Antonio Real Es- tate Investors Association), is set for May 21 at the Norris Conference Center in San Antonio. The all-day event features speakers, break-out sessions and a vendor marketplace,
focused on various strategies for wealth-building through real estate investing. For more information, call 210-501-0897 or email email@example.com.
WEB :: www.texasexpo.com
2015 CORPORATE HOUSING REPORTAVAILABLE
For information on obtaining the complete report: www.CorporateHousingbyOwner.com
The 2015 Corporate Housing Real Estate Report is now available, providing insight into this growing real estate in-
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