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Monday, April 7, 2014

Rising First-Time Landlords

It's been an interesting real estate year so far and as prices goes up, there is an increase of first-time landlords entering the market.  Typically, if a homeowner want to buy a new house, they would sell the old one and use the equity as a down payment.  Especially for homeowners who move out-of-town.

With rising rents, there is a new approach.  Buy a new house. Keep the old house and rent it out.

Perhaps this is one reason why there is limited inventory for homes for sale.

If you would like a complimentary rental market report for your property, contact us.


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