The results of Fannie Mae’s June 2015 National Housing Survey, were just released showing that more and more homeowners are warming up to the idea that now may be a great time to sell their home. People were ready to stop being a landlord.
Almost 4 years later prices have climbed even higher. At the same time “the percentage of respondents who expect home rental prices to go up rose to 59% – a new survey high.” Doug Duncan, senior vice president and chief economist at Fannie Mae, gave this insight: “The expectation of higher rents is a natural outgrowth of increasing household formation by newly employed individuals putting upward pressure on rental rates.”
Renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you feel you are stuck with it. You have options, let's talk. It's time to stop being a landlord.
Reluctant Landlords Have Options
Demand is high and prices have gone up making 2019 a great year to sell