It’s a landlords market!
The Democrat & Chronicle produced an article on the first of the month stating that rental home demands have increased since the recession. “The percentage of Americans who own a home was roughly 65 percent in the first quarter of this year, the lowest it’s been in nearly 20 years.” Not everyone is looking for the old “American Dream,” buying a house with a white picket fence.
Today over 35% of the population is renting, and not necessarily an apartment. Renting a home doesn’t mean moving into an apartment complex or community anymore, states Tait. There are many single family homes for rent out there which brings on new advantages for landlords as well as for potential renters whose “American Dream” doesn’t consist of living in an apartment but nor does it consist of buying their own home.
You can check out the full article here: Post-recession, rental homes on the rise.
If you happen to be a landlord with 10 or more properties you could qualify for the Landlord Automated Income Program. Check out the site for more information or please feel free to Contact Us for more information.
Have a Gr8 day!