Spring time is here, and so is the annual discussion of whether or not the US housing market has bottomed. Have you ever wondered if there were a way to calculate the bottom of the housing market? There is! The housing bottom could be as low as the point where housing is priced solely as [...]
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Yesterday, we have closed our survey with terrific results. Big thanks to all our users who took the time to complete the survey. We have picked two random respondents, who won a $100 gift card each. The winners are: Yvette A. from Atlanta, GA Jon B. from Mason, OH We understand the importance of providing [...]
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Posted April 19th, 2012
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We at LeaseRunner are frequently asked, “What is a good credit score?” by landlords trying to judge prospective tenants. Here are some pointers regarding credit scores and background checks for use in tenant screening. Get A Background Check, Not Just A Credit Score A background check provides far more information about a prospective tenant than [...]
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Posted April 17th, 2012
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The Last 9 Months Since LeaseRunner launched in public beta last summer, we carefully listened to your suggestions and implemented many useful features. Now we can’t imagine LeaseRunner without them. Thank you for your feedback! You Hold the Key! Now that you have used LeaseRunner, we want you to tell us what features help you [...]
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Posted March 28th, 2012
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Three recent news articles confirm that the housing slump continues, and one can infer that the rental market should remain strong for the foreseeable future. This news clashes with recent sentiment that the housing market has bottomed. Gary Shilling states that the bullishness is ridiculous and home prices could drop another 20%: http://www.businessinsider.com/gary-shilling-stocks-and-houses-are-headed-for-a-fall-2012-3 Yale Professor [...]
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Posted March 2nd, 2012
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LeaseRunner will be undergoing scheduled maintenance from 10 AM to 12 PM (MT). During these two hours, LeaseRunner will be unavailable. We apologize for the inconvenience. LeaseRunner’s user base is growing very quickly, and the planned updates will provide all users with a better experience. If you are experiencing any issues after 12 PM (MT), [...]
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Posted March 1st, 2012
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Here is an easy shortcut for pricing whether it makes sense to buy a single-family home as a rental property. Investors can use this shortcut to judge potential acquisitions, and brokers can use it to find attractive properties on behalf of their clients. The 10% Rule Simply take the annual gross rent and divide it [...]
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Posted February 13th, 2012
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Landlords and real estate brokers all over the country are adopting LeaseRunner’s paperless process for tenant screening, leasing, and rent collection. While LeaseRunner is growing, the amount of gasoline delivered to retail stations is falling. Americans are using less gasoline. Could LeaseRunner be responsible for the decline? Let’s examine the savings. Save Time, Gas, and [...]
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Posted February 10th, 2012
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The Great Recession has not been kind to millennials, young adults who are broadly defined as those 18-34 year of age. High unemployment, high student loan and credit card debt, and low wages plague this demographic. The Pew Research Center recently polled this demographic. Here are some of its fascinating findings. Millennials Are Strapped Eighty [...]
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Posted February 2nd, 2012
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Need a loan? Knowing how banks scrutinize loan applications will improve your chances of success. Here are the 6 Cs of credit analysis. Capacity Capacity is cash flow, or the ability to pay principal and interest when due. While banks do look at your prior credit history, what they really want to see is the [...]
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