Apx 3 months ago a friend of mine was trying to rent out a house he owned.  It took him 3 weeks just to get a call.  I know the advertising he did and he didn't shy away from spending the money.

This week, I ran an ad for a very similar house, for a client.  Same town same price.  I received 25 calls in 3 days.  Is the over abundance of rental properties drying up that bad.

I did manage to turn 2 of the callers into potential buyers because of some bad info they had been give.  (That was the great news)   We took 4 apps. for this rental and will pick one of them. 

Is anyone else finding the rental market all of a sudden a hot issue?

 
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8 Comments on A change in the rental market? This is outragous!

MAY
13
2009
588,648 Points 4 Featured Posts Outside Blog Called Shot Master

William,

I don't do much leasing, but it appears in the Dallas market it is pretty hot right now.
5:14pm • #1
265,743 Points Called Shot Master

Bill, up here in the North land rentals have stayed about the same.   But, I have gotten a few more calls lately looking so it could be tightening up a bit.
5:19pm • #2
316,328 Points 5 Featured Posts Outside Blog Hit Router

This is great news and it is happening in Western Washington too!-Dinah Lee
6:55pm • #3
1,424,942 Points 56 Featured Posts Outside Blog Called Shot Master

Richard...I don't do much either, but it is worth looking into.

Vern....good to know

Dinah...This should trickle down to the buying market also.
7:00pm • #4
166,999 Points 1 Featured Post

William, the rental market in the Baltimore market has skyrocketed. People who don't have the cash but want to live in certain neighborhoods are offering even MORE than asking monthly rental prices!!!! In the time of short sales, etc, which devalue the houses in a neighborhood, this is what is happening!
8:39pm • #5
434,222 Points 32 Featured Posts Outside Blog

I don't deal in rentals very often at all, but I don't think ours are getting that type of attention.
9:03pm • #6
MAY
14
2009
156,266 Points

I am leasing now more than ever before over the last 15 years.  In our market, many are afraid to purchase/re-purchase due to employment uncertainty.
8:48am • #7
MAY
16
2009
239,522 Points 1 Featured Post Called Shot Master

Bill, I haven't check our rental market out, but that is something I should do.  could show a trend.
5:45pm • #8


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William Feela Realtor 651-674-5999 No. Branch,MN, Whispering Pines Realty (WHISPERING PINES REALTY) Rainmaker_large

William Feela Realtor 651-674-5999 No. Branch,MN

Whispering Pines Realty

North Branch, MN

More about me…

WHISPERING PINES REALTY

Address: PO box 610, 29995 Julliard Street, North Branch, MN, 55056

Office Phone: (651) 674-7449

Cell Phone: (651) 674-5999

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Buying Real Estate should be fun...if you are looking in Chisago and Pine counties or anywhere in Minnesota, call me and let me show you that Buying a home is not all pain.


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