Real Estate Industry In The Rental Market Essay - 1279 Words

Real Estate Industry in the Rental Market Abstract â€Å"Real estate is land, all of the natural parts of land such as trees and water, and all permanently attached improvements such as fences and buildings. People use real estate for a wide variety of purposes, including retailing, offices, manufacturing, housing, ranching, farming, recreation, worship, and entertainment.† (Answers.com) In order to more specifically focus on a specific area of real estate this discussion will deal with the housing industry of real estate. In this discussion, when housing is analyzed it will be in the realm of rental real estate. Uses of Land Like with any other commodity or resource the market for rental property is affected by supply and demand.†¦show more content†¦In interviewing real estate owner Thomas Seeley it became evident that one of the most important decisions prior to purchasing a rental property was the cost of purchase along with the cost of bringing the property up to code weighed against the amount of rent that could be charged for the property. Thomas Seeley explained, â€Å"I am always looking for a property in major disrepair because the amount of resources it takes for my company to bring the property within acceptable housing codes is often justified by the amount of time it takes to pay for these repairs with the rents that are collected.† (Seeley) Even in the most difficult times of the real estate market which shows signs of recession it appears that the rental market is not affected in the same way. â€Å"There are many uses of land, and how much land is allocated t o each use depends on the demand for and supply of land for each use.† (Microeconomics 403) With the recent increase in private home foreclosures many individuals and families seek to find a quick solution to the need for a place to live. Recession and Families FacingShow MoreRelatedCase Study : Jack Conways Current State1441 Words   |  6 Pagesâ€Æ' CLIENT DETAILS This client evaluation gives a brief overview of Jack Conway’s current state and its relevant market in which it performs. Afterwards, an analysis will have a SWOT analysis. This analysis with take into consideration company’s current state in relation to the real estate industry, and other relevant notes. All relevant research and analysis will be framed with future growth and acquisition in mind. Information available for this client is very limited due to its standing as a privatelyRead MoreQuestion 1: Open Skies Agreement. . Open Skies Agreement1447 Words   |  6 PagesIt is a document that binds and enhances good relationship between U.S, Gulf nations and its Open Skies Partners, (Hannah E. Cline, 2016). 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