What should the rental market look like in the coming years??
The rental market should continue to look promising over the next few years.
With many homeowners still recovering from the downturn in the economy, in addition to banks slowly releasing REO/Bank Owned properties, the need for rental properties should continue to rise. With many investors and hedge funds catching on to this great opportunity, competition for tenants should continue to grow. In short, the future of rental incomes looks very bright.
Currently the Rental Market benefits both the property owner and the tenant. Tenants are getting much needed housing and landlords are getting much needed alternatives to selling.