Dog Laws & Home Ownership: What You Need to Know

You’ve lived in cramped apartments where having a dog wouldn’t make sense. You upgraded to a beautiful condo annnnnd unfortunately, dogs aren’t allowed.

Finally, the moment has come. You’re buying a house! You can get as many dogs as you want now! You can open up your own rescue if you wanted? Right?

Surprisingly, the answer is no. Even as a homeowner, your dog ownership capabilities are more limited than you might think.

Number of Dogs

Buying a house out in the country with lots of land? The sky is pretty much your limit with how many dogs you can own. That’s not the case in many cities, where there are restrictions on how many dogs live in a household. Here are a few examples

  • In Holland, MI only two dogs are allowed per household. A man spent 90 days in jail for refusing to give up one of his three dogs.
  • The New Jersey Supreme Court ruled in favor of a neighborhood law that homeowners could have one to three dogs.
  • Homeowners can have no more than four weaned dogs in Long Beach, CA.

Before you buy a house, check the area’s laws if you have more than two dogs, just to play it safe.

Kennel License

Kennel licenses are often thought of for breeders or doggie daycare owners, but that’s not always the case. Some cities require homeowners to get a special kennel license if they own more than four or five dogs. You might have to pay a few hundred dollars each year. Check this table to see each state’s laws (and how much you’ll owe).

Homeowner’s Insurance

Unless you buy a house in Michigan or Pennsylvania, homeowners insurance companies could deny you coverage, solely because of your dog’s breed. These are some of the breeds that are sometimes flagged by insurance companies:

  • Pitbull
  • Doberman
  • German Shepherd
  • Rottweiler
  • Huskie
  • Chow Chow
  • Great Dane
  • Akita
  • Wolf hybrids
  • Boxer

Some of those breeds are actually banned in cities as well. Keep in mind, simply having a dog might up your insurance costs — even if Fido is not one of the breeds listed above.

Fencing

The HOA will often have limits on the type of fencing you can have. In some cases, they might require you to have an underground, electric fence — even if you weren’t planning on installing one. The HOA typically has rules on the height, material, and possibly even color of your fence. It’s a good practice to check into HOA laws before buying a house, regardless of owning a dog.

Overall Costs

It’s already expensive to buy and own a house. Considering the kennel licenses, higher insurance premiums, and fence installation costs, it’s pretty clear to see that owning a dog ups your expenses even more. Make sure to factor all of this in when budgeting for buying a house.

Owning a dog is one of the greatest parts of life for many adults. The same goes for owning a house. Having both at the same time is borderline (collie) heavenly, and it’s certainly attainable. But as you’re looking for homes through RealtyHive, make sure you follow up with dog laws in the area before you buy a house, a dog, or both.

woman's arms while working on computer

Why You Should Get Licensed in Multiple States

For some agents, getting licensed in more than one state makes perfect sense. Agents who work in Kansas City or St. Louis, Missouri may often find themselves crossing state lines into Kansas or Illinois on a daily basis, for example. But if you’re miles from the state line, does it still make sense to hold a Real Estate Salesperson license in more than one state? Here are some things to consider.

Important note: You should consult legal counsel before becoming involved in a transaction in another state. Failure to observe the law may result in loss of commission or even jeopardize your license. The following guide is for informational purposes only and is not meant to be taken as legal advice.

You Might Get More Than Expected

While many states license their real estate agents on an individual state basis, many states allow for licensing reciprocity, meaning that while you have to apply for that state’s license (and usually take the state test), you won’t have to retake the coursework.

Other states have what is called portability, meaning that you can work as an agent in their state to some extent, but this can vary from requiring you to have a co-brokerage agreement with a broker licensed in that state (Cooperative States) to only allowing you to remotely help your client while you’re located in the state you’re licensed in (Physical Location States). Having more state licenses opens up more states you are able to work in.

It Frees You Up to Move

Being licensed in multiple states gives you more freedom to move yourself. Sure, if you decide to make a planned move you can always choose a state with reciprocity or pay to go through the licensing process in your new state, but that can cost both time and money. This can be especially useful for practicing real estate professionals who have seasonal homes where they live in one area for 4-6 months and another for the rest of the year. Rather than taking a hiatus from real estate (and the income it provides), being licensed in both states allows you to continue working while living the lifestyle you want in the location of your choice.

You Can Work in Turf States

There are four US states that do not allow out of state agents or brokers to conduct any business in their state either in person or remotely. These include Nebraska, New Jersey, Pennsylvania, and Utah. The only way to work with a client in these states is to refer them to an agent/broker who is licensed in that state or to be licensed there yourself.

Things to Consider

Nothing about being licensed to practice real estate in another state prepares you for paying income tax in another state. As an independent business owner, you already know how important a good tax professional is, so you’ll want to consult a knowledgeable professional before you get started to save yourself future headaches.

Some states have more reciprocity than others. California does not allow licensed agents from any other state to apply for a California real estate license without completing California coursework, but Colorado is the opposite by allowing reciprocity for an agent from any US state to apply. Some states allow just neighbors, while others have scattered reciprocity states through the country.

Real estate is a great career path for those looking to create their own opportunities and set their own schedules and being licensed in multiple states can help to further that goal.

Long-Term Tenant or Vacation Rental Property: Which Is Best?

Before buying an investment property, you need to know the type of rental you’ll turn it into. While both types have their pros and cons, vacation rentals and long-term tenant rentals are drastically different.

Even if you think you have your mind made up, some further review and reflection won’t hurt. Take a look at the benefits and drawbacks of buying a vacation rental property or a long-term rental.

Long-Term Tenant RentalVacation Rental
PROS
– More consistent income
– Won’t have to worry about constantly finding renters
– Only have to pay for cleaning in between renters (about once a year)
PROS
– “Bad” renters only stay for a few days
– Not allowing pets won’t hurt your potential for renters
– Can have some downtime if there’s an off season
CONS
– Could be smaller profit margin
– Some cities require rent control
– Defects/issues may take longer to find out about (since you’re not in the property as often)
CONS
– Not allowed in all areas
– Downtime/off season means no profit
– Will pay more for maintenance and cleaning
– Have to furnish

Long-Term Tenant Rentals

A long-term tenant rental is a property that you lease out for a person or people to live in. Your property becomes their primary residence and they pay you rent.

Pros

Consistent income: When successful, you’ll have very little downtime (unlike a vacation rental property that might have an off season). It’s nice knowing you can count on the same amount of rent coming in each month.

Less turnover: Once you have tenants with a lease, you won’t have to worry about finding a new renter for months (if not a year or longer). Having to constantly find or market for renters is stressful — the less you have to deal with this, the better.

Spend less on cleaning: You really only have to hire professional cleaners between renters, or maybe annually if your renters are staying longer than a year. The renters are primarily responsible for keeping your place clean, which is not the case in a vacation rental.

Cons

(Potentially) smaller profit margin: Charging per month instead of per day significantly lowers how much you’re making each day with a long-term rental. For example, a vacation rental might cost $150 a night, but a long-term rental might be $900 a month — $30/day.

However, we say “potentially” because vacation rentals often won’t have visitors for months when there’s an off season. Depending on your circumstances, a long-term rental could still net an equal (or even greater) profit.

Dealing with rent control: Some cities put a cap on the amount you can charge for rent (New York is famous for this). If that’s the case, you can’t raise your rates, even if they keep up with the rising cost of living.

Issues take longer to find out about: Vacation rentals require more frequent attention. Things like a leaky faucet or a broken tile become apparent much faster when you’re around the property more often (which means they can be fixed much faster, too).

Vacation Rentals

A vacation rental property is an investment property that you use solely for (you guessed it) vacationing guests — picture Airbnb and VRBO rentals. While some rentals are available all year round, many vacation properties have an “on” season and an off season — they’re often only rented out for part of the year.

Pros

Bad renters are temporary: Problematic renters only stay in your property for a short amount of time, likely never to return. With a long-term rental, you run the risk of having awful tenants for an entire lease. Even if you get bad renters, most companies offer coverage that protects you, the property owner.

Downtime: Some people enjoy having several months off the clock. This, however, is also a drawback, as your property won’t make money in the off season.

Don’t have to worry about pets: Not allowing pets can hurt property owners with long-term rentals by limiting the tenant pool. As most people don’t bring pets on vacation, you won’t have to worry about this.

Cons

Not allowed in all areas: Some condos and cities prohibit turning your property into a vacation rental or have strict restrictions on how you can rent it out.

Higher maintenance cost: Much of your profit will turn over to cleaning and maintenance companies.

Furnish: Expect to pay thousands more for setting up and designing your vacation rental property than a long-term rental. Furniture, appliances, and decor are all expected upon guest’s arrival.


Between a long-term and vacation rental property, which is the better investment? That’s up to you to decide. But the great news is that no matter what type of investment property you’re looking for, you can find it on RealtyHive! Search through our listings and begin growing your investment real estate portfolio today.

How to Decide Where to Live

Maybe it was a breakup. Maybe you no longer want to live in the city you grew up in. Maybe you’re simply feeling restless. Maybe you just don’t want to shovel your driveway anymore!

No matter the reason, this blog is here to help figure out where to move next. Sure, you can throw a dart at a map of the US, but we figure going through the best places to live in the US might provide just a skosh more stability.

Moving Based on Climate

It’s true what they say — the grass is always greener. Desert folks want to escape the heat and see some beautiful greenery. Landlocked people want an ocean breeze. Here are some great places to live in the US based on climate:

Desert

Arizona is popping off right now, and for good reason. The warm winters are what dreams are made of, and if you’re burning up in the desert, cool off just 2-3 hours north in Sedona and Flagstaff to cool off.

Phoenix and Tucson have tons of hiking trails to behold. Scottsdale is known for its trendy restaurants and great nightlife. Plan your move in the middle of a snowy January and we’re pretty sure you’ll never look back.

Ocean

If you think living near the beach can only exist as a pipe dream, you’re blissfully mistaken. To be sure, it’s a little pricier. But if you can’t manage owning a home in Hawaii or Beverly Hills just yet, consider somewhere that’s a hop, skip, and a jump from the ocean.

Brawley, CA is just barely two hours away from San Diego. Lake Arrowhead is an hour and 40 minutes from Santa Monica — plus, this beautiful lake will surely suffice when you can’t make it to the ocean.

Mountains

As we’ve mentioned in previous blogs, people flock to Colorado in droves. While there’s nothing wrong with moving to this progressive and scenic state, there’s a city that’s less expensive and with equally stunning views — if not even better mountainous vistas.

Meet Livingston, Montana. An hour outside of Yellowstone National Park, this city is surrounded by gorgeous mountains and rivers with great restaurants to boot. It’s perfect for small town living but attracts some big names — John Mayer has a place just 8 minutes away in Paradise Valley, MT.

Moving Based on City

New York, LA, Boston, Seattle — these cities are popular destinations for a reason. But there are plenty of smaller, lesser-known cities that deserve time in the spotlight:

  • Lincoln, NE is #9 on Livability’s 2019 list of most livable cities in the US.
  • Salt Lake City, UT has great restaurants and an incredible public transit system.
  • Milwaukee, WI is a bustling city — if it’s too bustling for you, settle in a nearby suburb like Waukesha or Pewaukee that has its own vibe.
  • Grand Rapids, MI is right on the water and has amazing historic neighborhoods.

Moving Based on Accessibility

Living in a rural place and dreaming of convenience? While the city might be too big for your next step (and that’s perfectly fine), imagine the convenience of nearby international airports, multiple grocery stores, and shopping centers.

Goodyear, AZ is 30 to 45 minutes from the Phoenix airport (Sky Harbor International) but has tons of shopping areas in close proximity. West Allis, WI is not even 15 minutes from downtown Milwaukee. Practically any suburb outside a bigger city will be a huge step up in convenience and accessibility.

Moving Based on Feeling

Countless people read about a city in a book or saw a place on TV and can’t get it out of their heads. While some might think it’s crazy to move based on instinct, we’re inclined to disagree. When you’re drawn to a location, you should honor your feelings and look into the possibility at the very least.

But here’s what we would recommend:

  • Check out the place first. Take a trip and see what you think.
  • Take your time, and don’t act too rashly. It’s super romantic to think about packing it all up and leaving. This quickly wears away if you get to a foreign place without a job or home lined up.
  • Consider others. Having a spouse or kids means you absolutely have to honor their needs. Moving at this point in time might not do that, but it doesn’t mean you’ll never get there.
  • Examine your “why.” Are you moving because you’re ready for a change, or because you’re running away? We’re not saying you’re wrong if your answer is the latter, but it’s something to think about. Know that your problems don’t magically disappear just because you’re in a new location.

When you’re ready to call a new place home, make RealtyHive your first step in the journey. Our listings are among the best places to live in the US, from places that are up-and-coming to homes that are practically off the grid. Find your new home with RH!

What Is a Reverse Mortgage (And Is It a Good Idea)?

Ever heard of a reverse mortgage? It’s a murky term for most folks (even homeowners). Take a look at this lending option (and whether or not it’s a good idea).

What is a reverse mortgage?

In a traditional mortgage, you’ll take a loan from the bank to pay for your house, and will pay the bank back in monthly payments.

A reverse mortgage essentially pays the homeowner by giving access to their home’s equity

Here are some things to consider:

  • Only available for homeowners 62 or older.
  • Converts your home’s equity into cash.
  • Eliminates existing mortgage — the money remaining on the mortgage is yours to use however you like.
  • Instead of making monthly loan payments, the loan’s interest is applied to your reverse mortgage.
  • When it’s due, you pay all at once, either by selling your house or paying for it outright.
    • A reverse mortgage is due either when a borrower sells their house, passes away, or lives outside their house for a year.
  • Your family can keep the home by paying off your loan balance or paying 95% of the home’s value.

Why do people get a reverse mortgage?

The biggest reason people take out a reverse mortgage is to gain capital for retirement purposes. People are staying in their homes longer than ever before and spending more time in retirement as a result. Taking out extra equity from your home can supplement retirement, but not without a cost.

How long does a reverse mortgage last?

Unlike a typical 30-year mortgage, there’s no set term for a reverse mortgage. The mortgage must be repaid when a borrower moves out of their house for a year, sells the house, or passes away. The average time of repayment is 7 years, but again, this varies for every borrower.

What are the risks of a reverse mortgage?

There are quite a few. It might sound great to get a bunch of cash upfront, but paying off the reverse mortgage either requires selling your house or paying for your home’s value all at once years down the road.

Oftentimes, a reverse mortgage hits the borrower’s family members the hardest. When a borrower passes away or the loan is due, their family will need to pay for the loan or deal with selling the house. A reverse mortgage is a bit of a “pay the consequences later” financial decision.

Not to mention, reverse mortgages have unfortunately received an unsavory reputation. For decades, this type of loan preyed on the elderly (an already vulnerable population) by saying this was an easy way to get more money and still live in their home. 

Many people bought into this concept without understanding how much they would have to pay back later on. If a sudden health issue forces a homeowner to an assisted living community, the loan will need to be repaid in 12 months — not leaving anything for bills.

Is a reverse mortgage ever a good idea?

The answer is different for every person, but there are a few situations in which it could work. If a homeowner is set on selling their home and there is zero chance they’ll live anywhere but their home until they pass away, they could take advantage of that equity in the meantime.

Is it possible to owe more on a reverse mortgage than what a home is worth?

Only if the reverse mortgage is not federally insured. As long as it’s federally insured, a homeowner never pays more than the value of the home — the FHA covers the difference.

While a reverse mortgage is an option, you might have a better time selling your home and downsizing. If that’s the case, RealtyHive is here to help. Check out our properties for sale and secure your finances without having to take out a reverse mortgage.

wellness spa mountain relax rejuvenate refresh home

Wellness at Home: Trends for 2020

From the hygge lifestyle to mindfulness practices, wellness is hot. What started with athleisure clothing, kombucha and yoga classes have come full circle to infiltrate every part of our lives. In 2020, we predict this trend will continue to take over our homes. Here are some of the coming trends in real estate wellness.

Home Gyms

Once a luxury, home gyms are becoming more and more popular. Traditional home gyms with large machines are being traded out for converted bonus rooms with a few, smaller pieces of equipment and the prevalence of online instructors means you don’t need to be a pro (or have a lot of space) to get a great workout.

Home gym

Steam Showers and Saunas

Not only do steam showers help relieve stress, but they also relax muscles, release tension, and improve circulation. These encapsulated areas are meant to trap heat and moisture and bring the spa experience to your own home.

 

Indoor/Outdoor Areas

We already know fresh air and sunshine are great for us, but 2020 will be the year we start to bring the outside in by blurring the lines between indoor and outdoor areas. So, you can expect to see more retractable doors and windows that allow for more integration of living spaces.

 

At Home Retreats

Sometimes all you need is a change of scenery to change your attitude. Creating a personal retreat, be it a meditation room, outdoor hammock area, or a putting green, can be a great way to care for your mental well-being.  There are lots of ways you can create your own personal at home retreat, just try whatever gets you into a relaxed frame of mind!

 

RealtyHive vs. Concierge Auctions

Whether buying or selling your home, you want to get the best possible deal. A real estate auction is an amazing and innovative way to do that. But between Concierge Auctions and RealtyHive, which is the better real estate auction company?

It might seem counterintuitive to write about our competition but ultimately, we want every buyer or seller to feel confident in the company they choose. Read on as we weigh out your home auction options.

RealQuick: What are real estate auction companies?

You might have an idea just from perusing our site, but we’re happy to break things down for any first-time guests (welcome, by the way!). A real estate auction company works with sellers, buyers, and real estate agents to help a home sell at a live auction (sometimes called a time-limited event).

Why do some people choose to buy or sell through a time-limited event? Good question.

  1. Speed up the selling process

    You can lose money with a property that stays on the market for too long.

  2. The price isn’t fixed

    Final price depends on the bidding competition. Not as many bidders could mean a less competitive price, which favors the buyer. A highly competitive time-limited event could mean a house goes for substantially more than what it’s worth, which favors the seller.

  3. Easier to buy or sell internationally

    International properties usually require international buyers. With an online time-limited event, buyers can place bids around the world.

Feel free to look through our buying and selling pages to find even more benefits, but at the very least, hopefully you better understand what a real estate auction company does.

How RealtyHive and Concierge Auctions Are Similar

Purchasing Time Frame

For both real estate auction companies, buyers can purchase a property at or before the event

International Exposure

International properties are available for purchase (and can be sold) through both RealtyHive and Concierge Auctions.

Reputation and Success

RealtyHive and Concierge Auctions both have pretty solid reputations and proven industry success.

How RealtyHive and Concierge Auctions Are Different

High Fees

Concierge Auctions has a successful track record just like RealtyHive, but it comes at a price. They charge much higher fees than our real estate auction company — 12% or a minimum of $175,000. This might give you a clue into our next point…

High-End, Luxury Properties

We at RealtyHive are all for high-end properties (like this gorgeous Hawaiian estate or this 5-bedroom penthouse in the Bahamas), but we offer plenty of more modest homes as well. Concierge Auctions solely accepts super luxurious properties. At RealtyHive, you don’t have to be a multimillionaire in order to find (or sell) a home.

Real Estate Agents

Concierge Auctions do not deal with FSBO sellers — you must work with a real estate agent with them. At RealtyHive, you don’t need an agent if you don’t want one. But if you want one, that’s great too! We’ll draw on our amazing network of agents to find you the perfect person.

We’re proud of the qualities we share with Concierge Auctions, but we’re perhaps even more proud of what sets us apart. Whether you’re looking for your dream home or feeling ready to sell your current one, set yourself up for real estate success with RealtyHive!

The Basics of Home Interior Design

The basics of home interior design are very much the same as cooking. While many of us crave chocolate, would love some tacos but also wouldn’t pass up an opportunity for pizza, we’d never pour all of those into one dish, bake, then serve. Unless you’re pregnant, in which case you can do whatever the hell you want.

Like cooking, interior design 101 requires you to stick to a theme — a flavor palette, if you will. For example, ginger stays with Asian dishes, just like mid-century modern pieces don’t belong in a Victorian house. Even if you’re not an interior decorator, it won’t be hard to master the basics of design with this RealtyHive blog.

Tip #1: Respect the house.

The foundation of your house, its architectural bones — they’re everything. Let the house’s architecture guide your design. If you have dreams of a beautiful Mediterranean revivalist home, you’ll need a house that fits the bill. Trying to force Mediterranean vibes into a Victorian house will certainly feel off.

And before we dive further, remember that it’s not just about what feels right for you. Even if you have no qualms when a home’s decor and structure don’t match, most people won’t feel similarly. As we’ve talked about in the past, a home that’s too niche or personalized is more difficult to sell.

Tip #2: When it comes to boldness, pick one.

A boldly colored accent wall? Go for it! A boldly patterned rug? Why not! However, if you pair both bold things at once, you’ve gone too far.

Mixing bold colors and bold patterns is overwhelming — for some people, it’s practically an assault on our senses. We often forget that what we see impacts our mood, and overstimulating environments can have a negative effect. Granted, if you love the clash (and some people do), implement your style to a single bedroom or study instead of letting that chaos rule the whole house for the best of both worlds.

Tip #3: Less is more.

As renowned designer Coco Chanel once said about accessorizing, “Before you leave the house, look in the mirror and take one thing off.” Too many collectibles and knicknacks reek of clutter. 

Minimal decorating, on the other hand, provides a sense of calm and serenity that can’t be beat. It’s helpful for those staying in your house, it costs less than overdecorating, and it allows you to focus on a few important pieces, which inevitably makes the value of those pieces more meaningful.

Tip #4: Consistency is key.

As we mentioned, it’s OK if there’s a bedroom or study or even basement that doesn’t fit your entire home’s scheme. You can’t force a teenager to decorate their room differently, nor would you want to.

That being said, consistency throughout the main rooms of the house provides a necessary flow. A modern kitchen next to a neoclassical living room is confusing. Stick with a general theme and even color scheme that connects the rooms in your home.

Tip #5: Look at examples.

One of the best ways to improve your understanding of interior design basics is to simply look around.

Find what you like or don’t like. Study up on modern trends. Watch architectural or interior design videos on YouTube. Look to the environment outside you and play off of the colors, shapes, and textures you see. The world is your oyster for inspiration!

Whether you’re looking for a mid-century modern house, a classic Victorian home, a modest ranch, or a Mediterranean manor, RealtyHive has it all. Find your next dream home by looking through our listings!

Investing in Vacation Rental Properties: Choosing Location

Considering more millennial families are traveling than ever before and airlines are expanding to new destinations, investing in a vacation rental property has tons of potential. 

But no matter if you see owning a vacation rental as a fun side project or a full-time pursuit, picking the right property is crucial. RealtyHive is starting a blog series on vacation rentals to help you make the best decision. To kick off this series, we’re covering location.

What should I look for in vacation rental property location?

This all depends on the intent of your rental — in other words, the purpose that it serves.

City

If the city is your guests’ main attraction, you’ll want to own a place in the city — not outside of it. Whereas long-term tenant renters might find a place outside of the city more attractive and affordable, vacationers want to proximity to the heart of the action. 

An exception to this is if your place is close to fast and easy public transport that makes the city super accessible. This can also work if you’re just outside of the city but have a highly appealing property (like this gorgeous modern home in Florida), something unique that’s not found in typical downtown rentals.

Remote

Sometimes we all just need to get away. A cabin in Upper Peninsula Michigan, a secluded home in beautiful Colorado, or any other property that serves as a place of respite has tons of appeal.

Views, beautiful landscape, and access to outdoor activities (such as canoeing or hiking) are all essential. Most people won’t rent a place that’s completely in the middle of nowhere. Even if a retreating renter does nothing besides hang out at your vacation rental, they’ll take comfort in having options.

Some other recommendations to make your remote rental a success:

  • Stock up on board games
  • Provide bikes, snowshoes, a kayak, or anything else that’s fitting for your area
  • Include a list of nearby hikes or things to do
  • Keep kitchen essentials like spices and cooking utensils on hand in case guests want to cook in.

Beach or Mountain

It doesn’t matter if it’s a property in Jamaica, a Belizean condo, or a snow-covered chateau. When people want a beach or mountain vacation, they want to be close to that which they seek.

Aim for on the beach or less than 5 minutes away (walking), and if you can get a property with views of the ocean, even better. For mountains, those stunning views and proximity to a ski hill or cross country/snowshoe trails is also essential. If looking to buy near a ski hill, aim for 15-30 minutes or less (driving).

We should also note: lakes don’t always have beaches, but that doesn’t rule out their desirability! If you’re going for a lake property, get one that’s either on the lake (especially true for private/smaller lakes) or walking distance to a lake that’s more public (think beaches, boat rentals, etc.).

Do I need to live near my vacation rental property?

The benefits of living near your rental are that you can manage things yourself, save money (you won’t have to pay a management company), and can quickly respond if an issue arises. You can fix problems instead of leaving the matter in the hands of others. Bad service leads to bad ratings, which affects your potential for future renters (and subsequent profit).

The drawbacks of living near your rental are mostly if you don’t live in a highly attractive destination for tourists. If you’re not in the best vacation spot, it’s in your best interests to find a place that’s more desirable.

How close should the property be to all the action?

We covered this a little bit in what to look for in a vacation rental property, but the answer is right there or really close. Even if the point of your rental is for people to get away from it all, a property can still be “right there” in terms of a remote location.

Whether looking for your first investment property or your fifth, search through RealtyHive’s listings! With properties all over the world, there’s no limit to your vacation rental potential. Look for a perfectly located real estate investment today.

What to Do With Real Estate When Getting Divorced

Divorce is no easy topic to talk about. No matter if you’re glad for the split or devastated, divorce can be extremely hard. Sharing property usually only complicates the matter.

Nevertheless, if you’re trying to figure out what to do with your house during a divorce, let this blog serve as a guide. No matter what route you go down, know that we at RealtyHive are thinking of you, and wish you all the best.

Option 1: Continue owning the home together.

Sometimes marriages end amicably (or at the very least, without too much bitterness or resentment). If that’s the case, continuing to co-own your home isn’t out of the ballpark for dealing with real estate during a divorce.

This can work really well if it’s for a rental home or other investment property. It’s significantly more challenging (though not impossible) to navigate if it’s the home you’re both currently living in. Keep in mind that your emotional well-being is of the utmost importance. Don’t feel the need to force co-ownership if it’s more hassle than harmonious.

Option 2: One person stays in the house.

If both parties are deadset on staying in the house, here are a few scenarios to keep in mind.

When Kids Are Involved

While custody battles can be nightmarish, children often make determining who stays in the house at least a little easier. Typically, the parent who spends the most time with the kids (or who’s granted the majority of custody) will be allowed to stay in the house, if the house is in both parties’ names.

When One Person Owns the House

If the house is property of just one person, they might have the right to stay in the house. Separate property and a person’s right to them depends on the state you live in and date of purchase (see “equitable distribution” below).

When Both People Own the House (and Don’t Have Kids)

You and your spouse might reach an agreement of who gets to live in (and potentially own) the house. If that’s the case, good for both of you and your ability to effectively mediate.

However, many people are not in that boat, and that’s OK. Laws on real estate and divorce vary from state to state, which brings us to Option 3:

Option 3: Sell the house.

For the record, selling your house is not a last resort, nor is it a failure. Houses can unfortunately serve as painful reminders of memories you once shared. It’s completely fine — not to mention, usually recommended — to sell and start fresh.

How selling a house in divorce works depends on the state you live in.

Community Property

If divorcing in a state that practices community property, all property of a married person is determined as community or separate property by a judge. Community property is typically divided between the divorcing couple. Any properties deemed “separate” stay with the spouse that it belongs to (ex. a husband buys a hunting cabin in his name).

The practice of splitting community property is found in the following states:

Equitable Distribution

All other states practice equitable distribution. This means that any property gained during the marriage is divided equitably between parties. Separate property is usually taken into account as well when dividing real estate.

You might be tempted to put your home on the market in the traditional manner of selling a house. Here’s why you want to sell with RealtyHive instead:

  • Faster: Your house could sit on the market for months or longer if you sell your house the old-fashioned way. Our time-limited events are exactly that — time-limited, so that you can move on faster.
  • Risk-Free. Home doesn’t sell right away? You don’t pay until your home is sold. Had a change of heart and no longer want to sell? You don’t have to accept an offer!
  • Reduce Carrying Costs. Selling faster not only helps you start fresh sooner, it reduces your time paying for mortgage, insurance, etc.

You deserve to move on. You don’t deserve to feel shackled to the past and to a home that symbolizes something you’re no longer a part of. Work with RealtyHive to sell your home during a divorce, and to start the next chapter of your life.