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Own to Rent
September 2nd, 2014 7:12 AM

Although homeownership has always been "the American Dream," since 2004, the U.S. homeownership rate has declined by 5 %, according to the U.S. Census Bureau.  This means that 6 million more U.S. individuals and families now rent rather than own. 

First-time homebuyers, who historically make up about 35% of the market, are notably absent from the current housing recovery.  The homeownership rate will likely decrease further, creating new opportunities for serving investors, whether they are buyers, sellers or consumers of management services.

For those financially able and willing, it is the perfect time to purchase properties that would make good rental investments, whether it be a single family home, condo or townhome.  There is currently a tremendous need for long term (12 month) rental leases  for people who do not have the capability of a purchase at this time.

Be sure to investigate the HOA or Condo rules and regulations of any interested property to ensure that rentals are permitted,  for what term, and any restrictions that may apply.  Also, either use property management companies, or realtors that specialize in long term rentals in order to locate the best quality of tenants possible.  

Owning to rent can be rewarding to both landlords and tenants, with the right combination of individuals involved. 

PLEASE NOTE:   There will be no posting of my Blog next week.  Tune in two weeks from now!

Posted in:General
Posted by Barbara Doeringer on September 2nd, 2014 7:12 AMPost a Comment

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