America is Becoming a Landlord's Delight

By
Real Estate Agent with CENTURY 21 MarketLink Realty MN Broker #20444572

According to an article by Lawrence Yun there are 1.4 million more renters in America today than a year ago.  This is good news for landlords and aspiring landlords, because the increased demand without corresponding increases in supply translates to higher rents.  If you're thinking about buying some income property, the cash flow projections should become increasingly more attractive.  If you're a renter, you can probably expect to see your landlord with a new truck after he raises your rent.

Given the attitude today in Washington that America will be better off as a nation of renters, investment property looks better every day.  If you're interested in watching your money grow, love tax incentives, and don't mind being just a little participatory with your investments, you may want to consider becoming a landlord.  Call if you want to explore that possibility.

If you're a renter, it's probably time to start thinking about declaring your independence from your landlord.  Get your own place and freeze the monthly payments for thirty years.  You'll never get a deal like that from the guy with the new truck.  The transition from renting to owning is easier than you probably imagine.  Call if you want to talk.

Maybe you are a renter who has a little entrepreneurial spark.  Why not buy a duplex or larger, and get your own renters to help pay your mortgage?  It is not an impossible goal.  Let's talk about it soon.

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Mark Delgado 10/28/2011 10:33 PM
  2. Wallace S. Gibson, CPM 10/29/2011 06:14 AM
  3. Michelle Cooks 03/24/2012 07:26 PM
Topic:
Real Estate General Information
Location:
Minnesota Dakota County Burnsville
Groups:
Bartender, Make it a Double
Keller Williams 'Rainers
Minnesota Real Estate
Minnesota Real Estate Investor Group
Realtors®
Tags:
investment
renters
landlord

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Rainmaker
671,573
Jeff Jensen
Annie Mac Home Mortgage - Greenwich, CT

I actually dusted off my buy vs. rent comparison last week and sent an updated version to all my agents.

Oct 28, 2011 03:48 PM #1
Rainmaker
181,130
David Gibson
Broker / Owner Colorado Home Sales LLC - Colorado Springs, CO
Colorado Springs, Castle Rock, Denver, Parker

Isn’t this a trend you wish you had a crystal ball to forecast. 

Oct 28, 2011 04:47 PM #2
Ambassador
1,934,786
Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

I would love to have the money to invest in real estate right now.  It's such a great time to buy.

Oct 28, 2011 05:04 PM #3
Rainer
204,518
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
The key to profit in investment properties is hiring a knowledgeable property manager that can navigate tenant laws, maintenance, rent collection and all of the other details.
Oct 28, 2011 10:32 PM #4
Rainmaker
409,895
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Mike, 

Amazing time to be a landlord!  The rental demand in our area is through the roof with many homes having multiple rental applications such that owners get their choice!

Great blog. 

All the best, Michelle

Oct 29, 2011 11:12 AM #5
Rainmaker
440,273
E.J. "Mike" Carlier
CENTURY 21 MarketLink Realty - Lakeville, MN
Lakeville MN

With the possibility of a stagnant economy for an extended period, the rental market is likely to continue to outpace any new supply.  For anyone who has been waiting (I'm not sure for what), now id the time, whether to graduate from renting to owning your own home, renting to owning and renting out half a duplex, or to put some of that almost 0% interet money you've been holding in CD's to work. 

Oct 29, 2011 11:26 AM #6
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Rainmaker
440,273

E.J. "Mike" Carlier

Lakeville MN
Everyone has opinions -- what's yours?
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