"Opportunity is missed by most people because it is dressed in overalls and looks like work." - Thomas A. Edison

"Get off that couch and go buy that rundown duplex" - me

Friday, August 15, 2014

Great time to be a landlord!

People always make excuses as to why it's not the right time to buy rental property...the economy is too bad, the economy is too good, interest rates are too low, interest rates are too high...
Fact is, we have found it's always a good time to be a landlord! Ya, sometimes vacancy is higher or lower at one time or another, but there are so many factors involved don't over think it.
Boils down to this: people are always going to need somewhere to live! There are millions of people out there that can't/won't or aren't ready for home ownership. If you own quality, inexpensive rentals you will always have customers wanting your product.
One of the more recent developments are the "Millennials" Check out "5 Reasons Why Millennials Would Rather Rent Than Buy" and "Apartment living becoming ideal for millennials".
Gear some units to this group! Smells like opportunity!

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