Rental escalations!!!!

The world of real estate constantly amazes me. It is never dull. As the market has slowed and sellers refuse to lower prices below a certain point we are doing more rental business than we have in a long time. People moving into the area are adopting a wait and see approach partly because they can’t sell their homes where they are coming from and partly because they can’t figure out which way our market is moving—up,down, sideways? For that reason they are renting and just today we are starting to see the effects of this trend—multiple rental offers with escalating offers! That tells me it is time to start putting money into investment property instead of other places (like the stock market!). Investment in rental real estate makes sense when the rents you can receive are equal or greater than your monthly outlay. Since job growth in our area is still steady, there will be a steady supply of tenants for properties that show well and are in convenient locations. If you want to see some examples of good rentals give us a call, we are ready to help!