What is the current single family rental market demand and what do you see for the next 3 to 5 years? Is this?

Asked by Guy Mahan, Kenmore, WA Sat Feb 28, 2009

a good investment area?

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Edith Karoli…, Agent, Winnetka, IL
Sat Feb 28, 2009
Hi Guy,
I am not too familiar with the area you are considering....
But as a general rule if the rent for a single family home with yard etc. is very competitive with condo rentals of similar size, you will find more interest by those who have children to play outside, and or dogs etc. and most of all the location of the property will make it more interesting or less interesting for renters! In my area for example if the rental single family home is located within a high rated high schools district, it is a good investment as many renters with school age children want their children to attend good or competitive
public schools. Other important factors may be the closeness to highways or train stations for commutes to work.
So the city alone is not always what may help you in your decision. In these difficult economic times many families may, before deciding to buy now, rent first and wait it out a little.
So the next 3 to 5 years should be a relative good time to own nice rental properties....
But check out the zilpy website just to see what is offered in your area already and talk with some more local
agents and also check the local paper to see how many rental single fam. homes are offered.

Good luck to you!
Edith YourRealtor4Life! Working always in the very BEST interest of her clients!
If you come across anyone you know or work with who is moving to Chicago or anywhere in Northern Illinois, send them my would, would you?
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Voices Member, , Benton County, OR
Sat Feb 28, 2009
Guy, Perhaps you've seen this site, if not it's helpful in seeing rental trends...http://www.zilpy.com/

Good luck, Dunes
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