Another Way To Rent Your House To Vacationers Launches In L.a.

Onefinestay launches Los Angeles service

Along with a nicely appointed pad, starting at $250 a night, travelers also get use of a iPhone loaded with insider info on things to do and places to eat. With its debut Monday in L.A., Onefinestay joins the emerging “sharing economy,” in which technology-driven businesses, including Lyft and TaskRabbit, tout rides and expertise. That one can use the Internet to look at Onefinestay home offerings is about the extent of similarities to online listing platforms for travelers such as Airbnb or HomeAway. Service-oriented Onefinestay aims to arm home-stay visitors with local knowledge gleaned from the homeowners and not just where to eat and shop or the route to the nearest cup of good coffee.
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This Megabank Lawyer Pays Lower Rent Than You For No Good Reason

Last year, the Times reported on how difficult it is to find one : I have people all the time who come to me and ask me to find them a rent-stabilized apartment, said Alexis Fleming, a broker at Citi Habitats. I tell them good luck. It is a needle in a haystack. In seven years, she said, she has rented just seven stabilized apartments. More than 10 years ago, New York magazine chronicled some of the more egregious injustices the rent-stabilization scheme promotes : A not uncommon story is that of the couple who live in a brownstone on East 87th Street owned by a client of real-estate lawyer Howard Stern. The couple maintain a rent-stabilized one-bedroom for $821 a month which has allowed them to purchase a spacious retreat in Columbia County. “The wife keeps her driver’s-license address and car registration upstate to take advantage of lower insurance rates,” Stern says.
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American Homes 4 Rent Announces Joint Venture to Acquire Mortgage Assets

The joint venture expects to leverage AMH’s single family property management infrastructure and nationwide presence. “We are pleased to announce the formation of AMIP. We anticipate that this joint venture, focused on the future acquisition and resolution of residential mortgages, will help facilitate our continued growth,” said Jack Corrigan, AMH’s Chief Operating Officer. “We also expect that our participation in AMIP will help assure that single family homes we acquire through these alternative acquisition channels will meet our underwriting standards with respect to the quality of the product and expected financial returns.” Guy Johnson, JCRI Chairman and founder of Johnson Capital, one of the nation’s leading real estate financing and advisory firms, remarked, “We are excited to partner with AMH, a leader among single family REITs in the United States. We believe the opportunity to provide alternatives to foreclosure such as REO-to-Rental solutions will provide attractive and affordable alternatives to home ownership for many.” About American Homes 4 Rent American Homes 4 Rent is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. As of July 31, 2013, we owned 19,825 single-family properties in selected submarkets in 22 states and we continually evaluate potential target markets that meet our underwriting criteria and are located where we believe we can achieve sufficient scale for internalized property management. We are a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes known for high quality, good value and tenant satisfaction.
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