As we begin 2013, take a glance at the rental market outlook for the upcoming year, and the changes that landlords around the nation are facing. Find out which paint colors are popular this year, why real estate investors are facing a new tax, and examples of why renter?s insurance is a smart decision for renters with kids.
2013 Brought New Tax for Some Real Estate Investors
Scores of people who receive rental income from properties such as apartment buildings, single-family homes and retail shops will be hit with an investment surtax of 3.8% that kicked in on Jan. 1. The so-called Medicare tax, passed as part of the Affordable Healthcare Act in 2010, won?t affect real-estate companies or those who work full-time managing their real-estate portfolio.
Charlotte Landlords Must Register With Police
Starting Tuesday, a new ordinance requires all rental property owners in Charlotte, NC to register their buildings with the Charlotte-Mecklenburg Police Department, which will help the police respond quicker to emergencies and track spots in the city where crime is flourishing.
Rental Market Outlook Positive
Experts in the multifamily housing sector are feeling upbeat about the market?s prospects for 2013, but that optimism is tempered by uncertainty over the outcome of the ?fiscal cliff.? The threat of a new recession is very real, but even that could help business in apartment rentals and construction.
4 Hip Hues for 2013 and How to Use Them at Home
Color forecasters have released their picks for the new year. Included are Emerald,?Tender Shoots (a bright leafy green), Grayed Jade (a soft tonal green), Dusk Blue (a sea blue) and Monaco Blue (a deep, darker blue). See how you can use these shades in your property this year.
Got Kids? Here are 10 Reasons You Need Apartment Insurance Too
Apartment insurance is not just for burglaries and fires. It also covers you for a litany of mishaps and careless mistakes, ranging from aggressive behavior of your bad-tempered border terrier to flat-screen-frying power surges. Here?s how renter?s insurance can help parents plan for the unplannable.
Source: http://www.zillow.com/blog/pro/2013-01-03/rental-real-estate-industry-news-january-3-2013/
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