With so many condo buyers still sitting on the sidelines, it appears they’re driving up rental prices. If you were planning to sell an investment property this year but are worried about all those bearish buyers, you may want to rent your place out. Chances are your condo will command very attractive rents. One report is suggesting rents are already up 6% over last year and apartment vacancy rates are below 5%.
From Flipper to Landlord?
About the Author: Marco Kronen
Marco Kronen is the author of Seattle Condo Review and is real estate agent in Seattle who specializes in condos. He has been serving clients in Seattle since 2004.