A Property Managers Dream: An Expanding Number of Rental Houses

Reblogger Wallace S. Gibson, CPM
Property Manager with Gibson Management Group, Ltd.

Having a LARGER # of rental homes is a goal for me this year.....I won't be marketing to owners with UNsold homes and will target DIY landlords who KNOW the joy of having an investment property.

Original content by Zach Devine

Posted on 22. Jan, 2013 by Marc Courtenay in Real Estate

It’s official! Home prices are on track to have their first yearly gain since 2006. This would make it the strongest year of price growth since home prices began to plunge, reaching their nadir in 2009. The Commerce Department said on Dec.27th that new single-family home sales climbed 4.4 percent in November to a seasonally adjusted 377,000-unit annual rate.

That was very close to analysts’ forecasts of a 378,000-unit annual pace. Many of these homes were purchased by investors who turn around and rent them out to the many former homeowners who now need to find houses to rent.

Yet on the same day the Conference Board said that U.S. consumer confidence fell more than expected in December, hitting a four-month low as the so-called “fiscal crisis” depressed what had been a growing sense of optimism about the economy. CONTINUE READING...

Zach Devine, Marketing
RentApp.com (A Service of AppFolio)

 


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Rainer
213,163
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

The reluctant landlords are a lot of work, always talking them off the ledge. Good idea.

Jan 26, 2013 08:36 PM #1
Rainmaker
316,961
Frank Laisch
Orlando, FL
"The Insurance Guy"

Wallace, That is a great plan! having Long term rentals for years to come vs. managing a rental property until it sells is a good long term goal

Jan 26, 2013 08:45 PM #2
Rainmaker
3,888,849
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Wallace, single family homes are an excellent investment held long term for rental income and appreciation. Even better if the investor uses professional management! Enjoy your day!

Jan 26, 2013 09:35 PM #3
Rainmaker
3,857,985
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Wallace -- I believe your strategy is spot on - best of luck securing those landlord owners and dazzling them with your expertise in property management.   

Jan 26, 2013 10:19 PM #4
Ambassador
2,343,570
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Yes, those DIYers will probably be thankful for your offer of help.

Jan 28, 2013 03:08 AM #5
Rainer
126,086
Ricky D. Sadler
Real Estate Marketing Experts &Trusted Senior Advisors on Property Management services, Rentals Leasing, Landlord Ten... - Seattle, WA
Trusted Senior Property Advisor & Marketing Expert

Good Idea Wallace

there-nothing that wears on your nerves more than adverse owner.

Let them go!

Ricky D

Seattle,WA

WWW.RD-House.com

Jan 28, 2013 10:43 AM #6
Rainmaker
1,304,888
Charles Stallions Property Manager
Charles Stallions Real Estate Services - Pace, FL
Pensacola, Pace & Gulf Breeze Property Management

Great repost Wallace as the norm you are great at picking them.

Jan 28, 2013 12:40 PM #7
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Wallace S. Gibson, CPM

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