Being a Landlord Can Be Increasingly Profitable

Being a Landlord Can Be Increasingly Profitable

by John Tayeb on February 24, 2010

rental property

Despite falling rents and rising vacancies, the profitability of residential rental property is improving.

Investments in apartment complexes are generating annual returns of 7-8 percent immediately because purchase prices have declined.

Buying a rental property isn’t for everyone. It requires putting down at least 50 percent in cash because banks are reluctant to lend more. And buyers need to be able to hold the property for at least three to five years or more to give the investment time to gain value.

Local Market Monitor, which analyzes real estate investments, identifies these good and not-so-good markets for landlords:

Good Markets

  • Columbus, Ohio
  • Washington, D.C.
  • Raleigh, N.C.
  • Greenville, S.C.
  • Columbia, S.C.
  • Kansas City, Mo.
  • Oklahoma City, Okla.
  • Fort Worth, Texas
  • El Paso, Texas

Bad Markets

  • Detroit
  • Cleveland
  • Wilmington, Del.
  • Dayton, Ohio
  • Orlando
  • Tampa-St. Petersburg
  • Boise, Idaho
  • Stockton, Calif.
  • Las Vegas
  • Phoenix

Source: The Wall Street Journal, M.P. McQueen (02/20/2010)

Posted via web from New York Real Estate Access | Real Estate Blog

This entry was posted in New York Real Estate. Bookmark the permalink.

One Response to Being a Landlord Can Be Increasingly Profitable

  1. bbclp1 says:

    Interesting blog! I operate a Contract Loan Processing Agency and was surfing around for ideas to create blogs in Word Press for Real Estates Agents in Texas wanting to develop a niche product such as assisting buyers wanting to purchase bank owned properties, down payment assistance programs, which brought me to your site.

    While surfing I also working on creating pages back links and invite you to visit my website and list your blog address. I’ll be happy to post your link on my site which helps promote your blog as well.

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