Mikes commentary is right on the mark. I'd add that a critical ingredient is hiring a strong property manager. Property management is NOT for novices.

Via E.J. "Mike" Carlier ABR CRS GRI Apple Valley MN (Keller Williams Realty Integrity Edina ):

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  Apple Valley MN

Keller Williams Realty Integrity Edina

612-916-3033

http://www.prettygoodhomes.com

 

Mark Delgado, DRE#01880416

President/Managing Broker

Delgado Property Management

Benicia and Vallejo, Solano County rental homes and rental listings

Delgado Property Management available listings

beniciaforrent.com

       

 
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5 Comments on America is Becoming a Landlord's Delight

OCT
28
2011
525,045 Points 10 Featured Posts Outside Blog Called Shot Master

The wave of the future for America is a return to the Past.  

Before WWII and the G.I. Bill / VA Loan, and prior to the FHA Loan, most Americans were Renters.

Invest in Real Estate!
10:42pm • #1
150,066 Points 3 Featured Posts Outside Blog Hit Router Called Shot Master

It is a landlord's delight in New York until this weekend.  We hit wind, rain, snow, low temperatures - and then we couple it with >$3.00 per gallon heating oil.  At that point, it landlord's nightmare.  Throw in $50K in real estate taxes, a rent controlled tenant (@$129.57/mo. - when the one across the hall rents for $1,850) and it's the perfect storm. 

We are about to see the "Bronx Burning" all over again, just like the mid-1970s.  I have 4 apartments and 3 stores - no big deal.  But when apartment owners' in NYC have been limited to 3% rent increases, face tenants not paying the rent, have fuel bills 20% higher than last year, and cannot sell their buildings - there will be a lot of winter lightening storms this year - I predict.
11:09pm • #2
109,437 Points Attended Rain Camp Called Shot Master

Good repost but hopefully America will become the nation where most people can save up and buy a home of their dreams eventually. And their home will be worth more than what they paid for it eventually as well.
11:58pm • #3
OCT
29
2011
1,024,101 Points 66 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Having been in the BIZ in the early 70s...same thing happened then...LANDLORDS and PROPERTY MANAGERS will $AVE the real estate industry and keep America housed!
6:12am • #4
APR
21
2012
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1:33am • #5


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Mark Delgado - Benicia and Vallejo Property Management, rental homes,

Benicia, CA

More about me…

houses for rent, Solano County & Glen Cove

Address: 917 First Street, Benicia, CA, 94510

Office Phone: (707) 297-6800

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Author Bio: Mark Delgado, President/Managing Broker at Delgado Property Management



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