Landlords Benefiting fro, Rising Rental Rates

The weak U.S. housing market is a boon for landlords, at least in some areas.

Actual rent paid - not including free months or other incentives - rose in 78 of 79 apartment markets, according to data compiled by Reis, a commercial real estate data analysis firm.

The largest increases were in areas that saw home price run-ups during the housing boom, Reis says. New York City saw the highest third-quarter increase, with a rise of 3.6 percent compared with the second quarter. San Francisco was second, with an increase of 3.4 percent.

"I would love to share my expertise with you-call or send me an email, and I'll start searching for your next property.  I am also a notary and conduct closings, purchases, re-fi's, HELOCS, etc.  I am also a residential appraiser." 

Source: The Associated Press, Danielle Reed (10/30/2007)