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Thinking Of Getting On Airbnb? Real Estate Experts Share Their Top Tips – Forbes

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Vacation rental platform Airbnb is set to release its first earning results today since going public, at a time when more travel is taking place closer to home during the pandemic and a housing boom is possibly leading to more property owners looking to cash in on home sharing.

However, there are many things a prospective host should keep in mind when considering whether to rent out their property.

The most important part is researching regulations in the cities and towns where your home is located.

Some municipalities have strict regulations regarding what’s considered a legal short-term rental. For example, New York City law prohibits rentals under 30 days except when the owner is present in the unit and no access doors are locked, and some Brooklyn townhouse owners have been fined tens of thousands of dollars for illegal rentals.

In Los Angeles, the city council passed legislation in 2019 that only allows primary residences to be rented out on vacation rental platforms.

“While this can be limiting, one area that is strong for collecting a secondary income is multi-family investment,” said James Harris, principal of LA real estate firm The Agency. “Multi-family properties provide a unique opportunity for buyers to live in one unit and make money by renting out the additional units. This rental income can also offset costs by contributing to monthly mortgage payments, income tax and more.”

Palm Springs only allows a limit of 32 stays per year at single-family residence, with an additional four stays permitted during the third quarter. 

“While surrounding jurisdictions do not have such limitations on the total number of stays, they may have more severe restrictions on the conditions of operation, limiting parking or the ability to play music,” said Fiona Quinn, vice president of business affairs at short-term rental and hospitality startup AvantStay. “It is therefore important to carefully examine not only the regulations that govern short term rentals where you intend on buying, but also how you intend to run your rental and who your guests will be.”

Bill Kowalczuk, a broker with Warburg Realty in New York City, said if you’re purchasing a unit in an apartment building, it’s also crucial to check the building’s rental policy.

“There is a very short list of buildings in Manhattan that would allow a lease as short as one month,” Kowalczuk.

A home is already a big investment, but hosts need to budget accordingly.

“Don’t forget to outline unexpected expenses, such as additional taxes, property management fees, maintenance, insurance and even landscaping,” Harris said. 

Harris recommends hiring a property manager or service, making sure to ask before hiring how they handle routine and emergency maintenance issues, how they choose vendors — to ensure they only hire insured, licensed workers to come on your property — and ask for a few references.

There are several companies that specialize in handling short-term rentals in Manhattan and prices for that can be as high as 25% or more of the monthly rental income, according to Kowalczuk.

You can also purchase a property that is specifically designed for home sharing. Natiivo Miami is a tower developed in partnership with Airbnb (this relationship was marked by a lawsuit that has since been settled). Each unit can be used as a full-time primary residence, but short-term rentals are encouraged, with a team that manages units and listings, handles guest issues and schedules cleaning. 

The 400-unit development, which broke ground earlier this month, is more than 65% sold, according to Natiivo Miami developer Keith Menin.

We’re extremely optimistic about the short term rental market in Miami,” Menin said. “Buyers are also increasingly seeking out a more ‘nomadic lifestyle,’ where they can live in a few different cities throughout the year.”

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Real estate transfers | News, Sports, Jobs – The Daily Times

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The following real estate transfers were recorded in Jefferson County:

Justin Foust to David Brautigam, lot 6, Wheeling and Lake Erie Coal Mining Co. First.

Julianna Parkenick (deceased) to Sherri Vella, .24 acre, Steubenville Township.

Kenneth and Catherine MacAlister to Bonita Starkey and Chad Dombroski, 1.2563 acres, Mount Pleasant Township.

Bryan and Juli Long to Kyle Reid Investments LLC, lots 15-19, W.H. Rodgers Second.

First National Bank of Pennsylvania to Sheryl Ullom, lot 27, Walton Acres.

Terrence Miller (deceased) to Travis Miller, metes, Brush Creek Township.

Harold and Lisa Vandruff Jr. to Sean Moore, lot 10, Askowitz.

Joyce Rouse (deceased) to Ronald Rouse Sr., metes, Cross Creek Township.

Yontz Real Estate Rentals LLC to Satarra Moore and Fred Moore, lots 69 and 70, Gerke’s.

Fitness Pavilion Inc to Origin Fitness Center Inc, 1.3 acres, 5,274 square feet, Cross Creek Township.

Donald and Mary Whipkey to Origin Fitness Center Inc, metes, Cross Creek Township.

Thomas Vergus and Raven Wright to Danielle Sheets, lot 55, McConnell’s.

Kenneth Seiple to Steven Clark, lots 19 and 20, George Myers.

Thomas DiLeonardo (deceased) to Michele Beraducci, lot 22, Beverly Hills Eighth.

JP Morgan Mortgage Acquisition Corp to Southeast Property Acquisitions LLC, 1.52 acres, Knox Township.

Jonathan and Jordian Lemon Jr. to John and Amber Good Jr., lot 17, Dana Lynn.

Gary Srock to Petrella Enterprises LLC, .456 acre, Knox Township.

Lawson Rentals LLC to HCS of Merchants Isle LLC, part lots 32 and 33, Popular Springs.

Franca Zumpano to Morgan McCloud, lot 34 and part lot 33, Beverly Hills Seventh.

Stanley Boroski (deceased) to Mary Boroski, lots 196 and 197, A.C. Jones, .16 acre, Smithfield Township.

Gilbert Thermes (deceased) to Mark and Lori Thomas, part lots 34 and 35, Green Acres (survivorship).

Dorothy Sutton to Robert H. Sutton Trust, lots 89 and 90, Beechwood.

Louis Kutys II to Shane Kutys, lot 20, Walker’s.

Darnell Young to Charles Johnson, part lot 5, Henrietta Mear’s.

Frederick Morris to Bridget Stone, part lot 135, Irondale.

Charles Adrian (deceased) to Janice Adrian, lot 15, John Spahn’s Second.

Emery and Bonnie Mason to Danny Hancock II, part lot 6, James P. Draper’s.

Mitchell Bass Sr. (deceased) to Ethel Bass, lot 3, George E. Sharp’s, lot 13, Pug’s Sunrise Manor, part lot 41, Beverly Hills Seventh.

Cindy Hinerman to Michael Hinerman, .46 acre, Knox Township.

Linnard Merrill (deceased) to Nita Merrill, 1.0894 acres, Salem Township.

Michael Payton (deceased) to Cindy Payton, 4.51 acres, Knox Township.

Margaret Wright (deceased) to Earl Wright, lot 30, Linduff Estates.

Edward G and Nancy R. Kotora Joint Living Trust to David and Shelia Werkin and Monica Werkin, lot 53, Country Club Hills (survivorship).

Dwain and Melissa Zink to Donald and Karen Vandeborne, lot 27, Green Acres (survivorship).

David and Shannon Irvin to Sernna Properties LLC, metes, Ross Township.

Justin and Debra Sofio to Jeffrey Cline Sr., lot 175, Becker Highlands.

Roger and Kristen Fisher to Shirley Huggins, lot 17 and part lot 18, McFerren’s Second.

Taylor and Trong Do to Benjamin Erste, lot 64 and part lot 65, Country Club Estates.

Christopher and Jessica Brown to Gary Morris and Kaitlynn Fitzgerald, lot 14 and part lot 15, Sunset Hills (survivorship).

Amy Beilis and Dinah Redpath to Michael Abbott, lot 85, Alexander Manor.

Margaret Canyock (deceased) to T.J. Dabney Rentals LLC, lot 26, Simmons and Foster’s.

Wilson Family Irrevocable Trust to Thomas Kotur, lot 129, Lincoln Heights.

Tiffany and Matthew Jenca to Nathan Saldana and Stephanie Humienny, lot 66, Beverly Hills (survivorship).

Jacob Slyder and Nicole Slyder to Ryan Kathrens, part lots 120-123, Walker’s Second.

Harry Huggins (deceased) to Nora Huggins, lot 5, Beverly Hills.

Benjamin and Teresa Wiker to Daniel and Connie Creek, lots 2 and 3, Broadview, .1783 acre, Salem Township. (survivorship).

Helen Whitaker to Sunnyside Holdings LLC, part lot 34, Watson and Thomasson’s Fourth.

Mary Colaianni to Reno Colaianni, 10.9526 acres, Mount Pleasant Township.

Willis Calhoun to Ronald Dulaney II, metes, Wells Township.

Susan Black to Beverly Brenda, 5 acres, Springfield Township.

Mark Walker and others to Megan Geyer and Aaron Montgomery, lot 56, Westwood Estates (survivorship).

Joshua and Chelsie Virtue to Richard Reed III, .6151 acres, Wayne Township.

Mona Boyer and others to Timothy and Tina Jacobs, lot 40 and 41, Brentwood Estates (survivorship).

Lawrence and Lisa Mayle to Ben Warner, lot 4, Simmons and Foster’s.

McClurg Properties LLC to Maureen Pollock, part lots 23 and 29, A. Clark’s Second.

Honey Jar Properties LLC to HCS of Merchants Isle LLC, part lot 221, Steubenville Original.

Andrew and Carlie Jolly to Charles Jolly, .5712 acres, Springfield Township.

Paul and Kayla Sweeney to James and Paula Fox, .706 acre, Cross Creek Township.

Linda Yuricic to Michelle Yuricic, lot 54, St. John Heights.

Frederick Luscher (deceased) to Janice Luscher, metes, Cross Creek Township.

Arlie Suggs (deceased) to Ezaine Suggs and others, lot 35 and part lot 38, W.C. Brown.

Betty Alvey to Jay’s Real Estate LLC, lot 199, Lincoln Heights.

Joshua Black to Nicholas Bish, lot 17, Frazier’s.

Richard and Sheryl Call to Edward and Sandra Picardi, lot 2, Lewis Second (survivorship).

Robert and Connie Tanley to Jason and Jessica Downing, part lot 4 and lot 5, Morgan and McBane’s.

Corey Gadsen to Michael Stumm and Park Stumm, part lot 41, LaBelleView (survivorship).

Sandra Leone to Leone Family Irrevocable Trust, lots 90, 91, 110 and 111, Overlook Hills.

Billie and David Hibbits to Alesia Wither, part lot 159, LaBelleView.

Peter and Marguerite Bates to Todd Zimish, lot 14, part lots 7 and 8, Pleasant Heights.

Stella Tsouris and others to Stephen Davis, part lot 161, Steubenville Original.

Queenie Christian (deceased) to Peter Christian and Lloyd Christian Jr., lot 2, Seminole.

Timothy and Tammy McCoy to Kateland Ayers and Damian Ayers, lots 6 and 8, Wiliam A. Seaton’s Third (survivorship).

Michael Gaschler to Kathleen Gaschler, lot 75, Sunrise Terrace.

Jefferson County Land Revitalization Corp. to Sandra Wanat, .137 acre, Mount Pleasant Township.

Jefferson County Land Revitalization Corp. to Logos Inter-plus-Com, lot 629, LaBelleView.

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5 notable real estate listings on the market in BC right now | Urbanized – Daily Hive

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As British Columbians move into the latter part of summer with the potential for a second heat wave, many have their living situations (and perhaps a new desire for air conditioning) top of mind.

Right now, there are a wealth of homes on the market in BC, with something to suit different buyer criteria. If, like us, you’re curious to see what the newest mixed-use community will look like or perhaps the features that come with a multi-million dollar home, you’ve come to the right place.

We’ve searched BC’s real estate market to round up five unique listings for currently available properties.

ONE Water Street – 1187 Sunset Drive and 1191 Sunset Drive, Kelowna

Type: One-, two-, and three-bedroom condos, penthouse, and sub penthouses

Price: $604,900 to $10,000,000

Overview: ONE Water Street is a collection of stunning lake view homes currently under construction in Kelowna. Led by Kerkhoff Develop-Build and North American Development Group, this luxury condominium development is slated for completion in 2022. With a total of 427 units across two residential towers, ranging in size from 975 to 2,617 sq ft — coupled with resort-style amenities — there’s something for buyers at every stage of life. Now, only three homes remain in the East Tower (the first to launch), which will be move-in ready this summer — with two-bedroom homes starting at $998,000. Meanwhile, the West Tower will be move-in ready in the spring or summer of 2022.

Other features: Additional features at ONE Water Street include a hot tub, studios for yoga, pilates, and dance, pools, a health club, guest suites, a dog park, a pickleball court, fire pits, and more. 

Interested? Click here to find out more or book a viewing.

Panorama Park – 6138 128th Street, Surrey

Artist’s rendering of Panorama Park (Alvair Group)

Artist’s rendering of Panorama Park home interior (Alvair Group)

Type: Three- and four-bedroom family-inspired townhomes

Price: Starting from high $700,000s

Overview: With homes intentionally designed for modern families, Panorama Park by Alvair Group presents an exciting opportunity for families to put down roots in a neighbourhood primed for convenience and connection. Prospective buyers can choose from a wide range of functional floor plans, which are further enhanced by smart home technology within each townhome, including WiFi-enabled switches and doorbells and Cat6 wired-in internet. All homes feature a wall-mounted fireplace with custom shelving; a custom entryway with a full-height mirror and shelving; side-by-side garages with plenty of room to store vehicles and sports gear; and most ensuites have dual sinks for that added enjoyment of getting ready. 

Other features: Amenities include a community garden, an outdoor play area for children, walking paths, and a two-storey building called ParkHouse, featuring a billiards room, a kitchen with a harvest style table, and a lounge space.

Interested? Click here to find out more or book a viewing.

315 Furry Creek Drive, West Vancouver

Type: Three-bedroom, three-and-a-half bathroom home

Price: $3,248,800

Overview: This steel-framed home covering 3,428 sq ft in West Vancouver could easily be described as a trophy property. Unlike anything else along the Sea to Sky corridor, it sits upon a pedestal (that required 2,000 tonnes of rock to be blasted) above other homes in the area, offering uninterrupted views of the mountains and Howe Sound. The location puts the future resident(s) just steps from Furry Creek Golf Club and a short drive to West Vancouver or Squamish. And inside, 23 ft ceilings and expansive custom windows offer exceptional views from the luxurious kitchen out onto the patio space covering over 1,000 sq ft. No details have been spared in the engineering and design of this BC home, from its king-sized master sleeping wing to the jetted standalone tub. 

Other features:  Additional features include a nine-zone heating and cooling system for year-round comfort, a media room, a heated stamped-concrete driveway, a private yard, and more. 

Interested? Click here to find out more or book a viewing.

Plaza Two at King George Hub – 13725 George Junction, Surrey

Artist’s rendering of King George Hub (PCI Developments)

Artist’s rendering of home interior at King George Hub (PCI Developments)

Type: One- and two-bedroom homes

Price: Under $499,900 (33 homes available at this pricing)

Overview: Situated at the junction between King George Boulevard and the Fraser Highway, Plaza Two at King George Hub gives homebuyers the chance to be a part of a growing, mixed-use community in the heart of Surrey City Centre. Developed by PCI Developments and designed by MCMP Architects, the community features 42,000 sq ft of residents-only amenities, including indoor and outdoor dining lounges, an indoor games room, a family hub complete with a kids playground, and a ground-level hub for those working remotely — containing everything from a maker’s space to a co-working and library space. Homes in this new community boast open-plan living and dining areas, warm design finishes, and panoramic windows offering incredible views.

Other features: Also on-site is a 6,000 sq ft state-of-the-art fitness centre with yoga and multi-functional areas, an indoor half basketball and multi-purpose court, an on-site caretaker, a social and meeting rooftop space, a concierge station, and more.

Interested? Click here to find out more or book a viewing.

1890 Southwest Marine Drive, Southland, West Vancouver 

1890 Southwest Marine Drive (Matt Gul)

Artist’s rendering of townhomes at 1890 Southwest Marine Drive (Matt Gul)

Type: Three-bedroom, five-bathroom home

Price: $15,500,000

Overview: Resting on a 43,179 sq ft lot, this single-family home on Southwest Marine Drive feels more like a luxurious resort villa. Built in 2005, the two-storey home has its own covered patio, an outdoor pool, and a yard landscaped by Paul Sangha. Now, one buyer has the potential to transform the lot into 28 rental-only townhouses under the Affordable Housing Choices Interim Rezoning Policy. Instead of accommodating one family, the rental townhomes could house up to 50 people with 16 units (each with three bedrooms and 12 garden suites), five with two bedrooms, and seven with one bedroom — in addition to 26 off-street parking spaces. The property would resemble a mansion from the outside, blending in harmony with the surrounding neighbourhood. Please note, the listing price of this property is reflective of the intention to re-zone.

Other features: Extras include an artist-workshop studio, a vegetable garden, a full-sized tennis court, a recreation room, and in-home air conditioning, to name a few features.

Interested? Click here to find out more or book a viewing.

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Goldman Bets on City Bounceback with Paris Real Estate Deal – BNN

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(Bloomberg) — Goldman Sachs Group Inc. is betting that prime retail and office space in Europe’s top capitals still has a bright future.

The firm’s asset management unit has agreed to acquire a block in the French capital that it plans to transform into an upscale store, with office space above, according to Tavis Cannell, who is co-head of EMEA real estate. It’s the latest in a series of real estate bets the bank is making on the future of cities as the world begins its gradual recovery from the coronavirus pandemic.

“We never believed that cities were going to die through Covid and that everybody was going to move to the suburbs,” Cannell said in an interview. “And we do believe in the future of the office and continue to see bifurcation between high-quality buildings and everything else.”

Goldman is not alone in that view. Private equity firms including Brookfield Asset Management Inc., KKR & Co. and Tishman Speyer Properties LP have been snapping up plots in cities around the world that can be transformed into workspaces designed to lure workers back to the office.

Goldman and venture partner Immobel SA paid about 100 million euros ($119 million) for the property at 277 Rue Saint-Honoré in one of Paris’s toniest districts, a block north of the Place de La Concorde, according to people with knowledge of the deal. Goldman is investing a mix of clients’ and the firm’s capital for the transaction as part of its opportunistic real estate investing business.

A spokesman for Goldman Sachs declined to comment on the price or the fund.

“Post-corona there are huge opportunities,” Immobel Executive Chairman Marnix Galle said in an interview. “People who are used to working in chicken coops and have spent the past year working from home want a completely different environment now, they want much better buildings.”

©2021 Bloomberg L.P.

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