Central Park Living #RidiculousRent

15 Central Park W (credit Zillow)

15 Central Park W (credit Zillow)

I like parks and I like New York. How about a rental home on Central Park? Listed at $68,000 per month, you can enjoy some of the longest views in the city.

Enjoy the details on Zillow.com here: http://bit.ly/1oRHjfm

Bringing it in Atlanta. #RidiculousRent

1050 W Conway Drive, Atlanta, GA (credit: Zillow.com)

1050 W Conway Drive, Atlanta, GA (credit: Zillow.com)

Well, well, well…..did we stumble upon a hometown mansion! Practically in RenterUp’s back yard, 1050 W. Conway Drive in Atlanta is quite an impressive estate. We would not be surprised to see this gem in a movie because, well, just look at the pictures! Amazing. Almost 19 acres, 5 bedrooms, 5.5 bathrooms, and 6,000 square feet for only $20,000 per month.

Enjoy the details on Zillow here: http://bit.ly/1xvnNWu

 

Amazing Austin Waterfront #RidiculousRent

607 River Road, Austin, TX (credit: Zillow.com)

607 River Road, Austin, TX (credit: Zillow.com)

Texas limestone and a steel roof; the quintessential definition of architectural permanence in Texas’s Hill Country around Austin. I found this rental home and immediately fell in love.

This Austin rental home offers 4 bedrooms, 5.5 baths on 3,500 square feet for $14,900 per month. Enjoy the details on Zillow.com, here: http://bit.ly/1k5MTKX.

 

Boston Bling #RidiculousRent

1 Avery Street, Boston (credit: Zillow.com)

1 Avery Street, Boston (credit: Zillow.com)

Boston! I love this city….ahemm, better said, I love this city in summer. As one of the oldest cities in the US, I love its history and its architecture. Then there are all of  the wicked-smart people….and the Red Sox….and much, much more.

We found a few #RidiculousRent homes to view in Boston but we settled on this one: 3,000 square feet for $30,000 per month. Details on Zillow.com here: http://bit.ly/UGRXsZ.

 

Feeling Rich? Rent for $200k per month. #RidiculousRent

Southhampton (credit: Zillow.com)

Southhampton (credit: Zillow.com)

$200k per month for the joy of being with your besties in The Hamptons. Feel like a movie-star this summer and rent this beach-front bungalow.

And yes, today’s #RidiculousRent is 20x the cost of yesterday’s mile-high rental home in Denver.

Enjoy the details here on Zillow: http://bit.ly/TheHamptons

What? 53% of property managers use nothing more than Excel to manage their rental homes!

There are about 41 million total rented households across the US, acccording to 2012 Census Data. The same data estimates there to be approximately 114,000 leasing entities, such as property management firms and apartment companies to manage these properties, however, the data does not account for the millions of homes that are owned and managed by their owners, referred to as Independent Landlords. Estimates suggest there to be over 12 million Independent Landlords today. These people might be your friends that couldn’t sell their home in 2009 so they decided to rent it or maybe it’s your uncle that owns a few duplexes to help make ends meet.

At RenterUp, we know there to be millions of Independent Landlords and we assumed their adoption of property management software to be very light. Who needs a full-blown property management suite when only managing a few rental homes? Probably not many. We know that real estate lags in its adoption of new technologies but we assumed all Property Managers would have an incumbent property management solution in place. Boy, were we wrong.  We were shocked by the findings from an interesting research article titled Property Management Software Buyerview, released by the team at Software Advice, a company that reviews rental property systems. As you will see there is slow adoption of management software amongst all property managers, irrespective of the number of units they manage.

PM BuyerView Unit Chart

Can you imagine managing more than 50 rental units on a spreadsheet? Maybe these Property Managers are serious Excel-Artists!

pms-software-buyerview-2014-charts-methods

I am a technologist as well as a property manager of 7 rental homes; for many years my most sophisticated software management *suite* was Quickbooks, EvernoteDropboxMS Excel and Word. Each of these products is fantastic on its own, but using them collectively to run a property management business of any scale beyond one unit is an unnecessary pain…..there has to be a better way! I was very intrigued to see the study’s findings of property management pain-points here:

pms-software-buyerview-2014-charts-features

One of the challenges we face developing RenterUp is perfectly summarized by the graph above. Which pain-point should we focus to solve? Based on my own pains as an Independent Landlord as well as survey feedback we have received from others, we feel strongly that Independent Landlords will appreciate payment collection management and tenant management because we know most are not using any software to help them with these challenges today……but we were shocked to see so many Property Managers have yet to embrace any property management software.

It is 2014 and the world is moving faster than ever. I no longer have time for digging up Microsoft Word files to figure out when my next contract lapses – I need the process to be simple! Whatever you do, please do not ask me to fax you anything!!

Thank you again to the team at Software Advice for their report – I hope you find their research helpful.

Mile high living in Denver #RidiculousRent

Denver Four Seasons (credit: Zillow.com)

Denver Four Seasons (credit: Zillow.com)

Today I had lunch with my good friend James; he recently moved his family from Atlanta to Denver. We discussed Denver’s weather, outdoor lifestyle, urban land plan, and, of course, its real estate market. He claimed there were “no rentals” in Denver so they had to find a home to purchase instead. Clearly he isn’t paying attending to #RidiculousRent….

I took James’s statement as a challenge to find the highest priced rental in Denver, in the name of this fun blog, and I like what I found….especially the kitchen and the patio overlooking downtown Denver. If only I could remove a zero from the monthly rent – $10,000 per month may be a little out of my reach…..today. That’s the price of mile high living in Denver’s new Four Seasons Residences.

Enjoy the details on Zillow here: http://bit.ly/DenverHR

Seattle waterfront! #RidiculousRent

Fairview Avenue, Seattle

Fairview Avenue, Seattle

Leaving the big dollar homes of Aspen is hard to do but we need to keep exploring the country for more #RidiculousRents. This next one is pretty amazing, even though is not quite as obnoxious as all the $50k++ per month homes of the past week. Let’s get real, that’s not sustainable! Let’s explore the Seattle waterfront.

I found a home that is still worth of #RidiculousRent but certainly getting to be a bit more approachable. How about this gem in Seattle for $8,500 per month. Still Ridiculous, but not quite so stupid!  It is certainly an amazing home! Enjoy the details on Zillow here: http://bit.ly/1nhsXEy

Aspen Extreme #RidiculousRent

 

155 Exhibition Lane, Aspen CO (credit Zillow.com)

155 Exhibition Lane, Aspen CO (credit Zillow.com)

Today we are going from sea to ski, bouncing out of Miami and into Aspen.  This is too much fun.

I would love to see this Aspen home – 5 bedrooms, 5.5 bathrooms, in over 8,000 square feet on less than one acre. All for $75,000 per month….oh, and a $20,000 security deposit. Enjoy the details here on Zillow.com: http://bit.ly/1rokujR

Buenvenidos a Miami! #RidiculousRent

1142 N. Venetian Drive

1142 N. Venetian Drive

Have you ever been to Miami? The warm air, the latin vibe, the energy – I love Miami! I wanted to peek at what we could find there for #RidiculousRent.

I fell in love with this spectacular home at 1142 N. Venetian Drive in Miami Beach.  6,600 square feet, 6 bedrooms, 6.5 bathrooms, and the most amazing sliding doors I have ever seen for $55,000 per month. Buenvenidos a Miami!

Click here on Zillow to see the details: http://bit.ly/1trSECQ