Have you been contemplating breaking into the landlording business, but you just can’t make up your mind? Well, now is perhaps the best time to invest in real estate. Home prices are still low, but the housing market is on the upswing.
Now is the Time to Invest in Real Estate
1. Housing Prices: Home prices are about 60% lower than they were just five years ago. But with the market back on the upswing, investing in real estate just makes sense. Landlording can be pretty profitable itself and then when you want to sell your rental home down the road, you should be able to do so at a significant profit.
2. Vacancy Rates: The vacancy rate of rental properties is expected to be very low in 2013, just 4% or lower. And the National Association of Realtors considers any rate under 5% to be a “landlord’s market!”
3. Rising Rent: The above vacancy rates mean that rent prices will be on the rise. Apartment rent is expected to rise 4.6% in 2013, meaning even greater potential profits.
4. PVMGT is here to help! If you are still on the fence, just remember that you don’t have to do this alone. Potomac Valley Management is here to help you manage your rental property. We take great pride in providing full service property management, from management and leasing to marketing, tenant placement, rehabilitation, and disposition of multi-family properties. At PVMGT, we help you maximize the profitability of your rental property!
Hopefully you have found these Property Management Tips useful. If you have any questions, please contact Potomac Valley Management by calling 1.877.390.4090 or visit PVMGT.com today!
We provide quality property management at reasonable prices!
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