As we already told you a few weeks back, 2013 will be a “Landlord’s Market.” The National Association of Realtors estimates that vacancy rates for rental properties are expected to be around 4% in the fourth quarter of 2012 and drop to 3.9% in 2013. On top of that, NAR is estimated rent to rise 4.6% in 2013.
Sounds good, right? Well, it gets better!
Now, according to Freddie Mac’s Multifamily Research Group’s Real Estate Demand Forecast, renters entering the real estate market are expected to dramatically increase over the next three years as we see a decrease in the number of families purchasing homes.
And all of this is good news for you…if you are a landlord! So if you have been considering investing in real estate, now is the perfect time. And just in case you need a little more convincing, the United States Department of Commerce recently announced that the housing market is on the rise for the first time in seven years.
With interest rates still low, now is the perfect time to invest in a rental property and begin your new career as a landlord. And Auburn Rose Property Management can help you manage your new property! Our services include:
- Tenant Screening
- Move in Services
- Rent Collection Services
- Eviction Services
- Maintenance and Renovation Services
- And so much more!
Auburn Rose has the expertise and commitment to fulfill your real estate investment needs. And our reputation for attention to detail, and impeccable customer service standards, is changing the perception of property management in the Baltimore area, one client at a time.
If you want to learn more about Property Management or if you have any questions, please contact Auburn Rose Property Management by calling (443) 928-2220 or visit our website today!
Happy Holidays from Auburn Rose!