Thinking of acquiring an investment property? According to ASUs Carey School of Business; The number of rental homes offered for lease on ARMLS (excluding vacation rentals) was 3,695 as of April1, 2014, representing just 1 month of supply of total rental inventory and less than 26 days of inventory for single family homes. Rental demand is very strong and is driving supply to unusually low levels. In addition the supply of single family rentals is dropping much faster than apartments, condos and townhomes. The average time on market for a leased home (excluding vacation rentals) fell to 41days, down from 50 days last month.With this fast turnover and very low vacancy rates, it is likely that rents will increase in the most popular locations. Owning investments properties is a great way to diversify, but is not for everyone. Give me a call so we can explore investment properties as an option for you and your real estate goals. .
Posted on: Sun, 01 Jun 2014 14:00:23 +0000
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