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.

E.J. "Mike" Carlier  Lakeville, MN

Keller Williams Preferred Realty 

612-916-3033

http://www.prettygoodhomes.com

 
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6 Comments on America is Becoming a Landlord's Delight

OCT
28
2011
500,134 Points

I actually dusted off my buy vs. rent comparison last week and sent an updated version to all my agents.
3:48pm • #1
166,554 Points 3 Featured Posts Outside Blog Called Shot Master

Isn’t this a trend you wish you had a crystal ball to forecast. 
4:47pm • #2
1,519,411 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I would love to have the money to invest in real estate right now.  It's such a great time to buy.
5:04pm • #3
163,915 Points 8 Featured Posts Outside Blog Called Shot Master
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.
10:32pm • #4
OCT
29
2011
379,175 Points 5 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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
11:12am • #5
385,182 Points 8 Featured Posts Called Shot Master

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. 
11:26am • #6


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