05-05-2008, 10:17 PM
[quote Bill in NC]Used to be you could build cash-flow and equity over several years as a small-scale landlord w/ SFRs, but all the houses on the market here have trashed rents - it's a much riskier endeavor today.
Not in this area. Biggest problem I know for people who own rental properties, is they have long term (eg 6mo+) leases with their tenants. With greater restrictions on who can buy, there are more renters than there have been in a long time. That's driving rents up and owners with leases are not able to raise their rents.
Now is one of the best times to own rental properties in a long time. Here, all of the houses on the market have no impact on the rent prices since it's two different markets.
Not in this area. Biggest problem I know for people who own rental properties, is they have long term (eg 6mo+) leases with their tenants. With greater restrictions on who can buy, there are more renters than there have been in a long time. That's driving rents up and owners with leases are not able to raise their rents.
Now is one of the best times to own rental properties in a long time. Here, all of the houses on the market have no impact on the rent prices since it's two different markets.