WASHINGTON – Oct. 18, 2010 – Since the real estate bubble burst, the American dream of homeownership has fizzled.
A growing number of Americans, called a new class of renters, can afford to buy a home but are renting by choice, says Tara-Nicholle Nelson, consumer educator at Trulia.com.
In August, 72 percent of people said [...]
Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property.
Obtaining a professional property manager is a good first step. Professional property managers charge 7 percent to 10 percent of the monthly rent in many areas. Two associations whose members manage small [...]