I've got a rental of my own and it has been tough to get it rented. I've had to reduce the rent 9.3% and that might still not be enough. OUCH! All sectors of the real estate market go in cycles and right now landlords are taking a tough hit, but they've also had it good in the past so I don't feel so bad. The positives of real estate right now are that buyers/current homeowners can take advantage of great interest rates and there are a lot of good properties with motivated sellers on the market right now. Call me if you want more specific details for your particular neighborhood. Click here to see the entire Seattle Times article on the touch rental market.
1 comment:
I agree with you, this is just a phase of time. I think on the other hand, buyers are enjoying the low rate of interest and other tax benefits too.
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