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The Big Winner in the Rental Home Shortage: Wall Street

Effects of the Rental Home Shortage

Posted: 30 Dec 2014 08:00 AM PST

With the effects of the Great Recession on the U.S. housing market still being felt, the demand for rental-housing is higher than it has been in years. Households with healthy incomes are disillusioned by what they’ve witnessed and are holding back on buying a home . Bloomberg recently posted an article discussing the rental-housing shortage and it’s impact on the rental market.

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8 Rental Property Predictions for 2015

8 Rental Property Predictions for 2015

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8 Rental Property Predictions for 2015All good investors are visionaries.  That is, before making an investment they make predictions about the future – which may or may not come true.

That said, and working with the humility appropriate for any investor with a healthy appreciation for risk and instinct for survival, here are eight trends we believe will make their mark on rental real estate going into 2015 and beyond.

Rental Demand Will Be Strong

Apartment demand is going to stay strong for a while. Despite a broad economic recovery from the 2008-2010 recession on the surface, millennials and Generation Y members aren’t exactly emerging from their parents’ basements by the millions, nor are they particularly eager to get married and start families in little starter homes like their parents and grandparents before them did.

14% of 24-35 year olds are still living with parents.” – 2013 Gallup poll

Yes, we all know exceptions.  But data indicates that young Americans are waiting longer to complete all kinds of rites of passage: Marriage, home-ownership, and through no fault of their own, careers.

Case in point:  The U.S. Census Bureau reported that Americans formed about 746,000 new households last year.  That seems like a lot, but it’s well below the normal level of about 1.1 million.

Why?  Here are three reasons:

1. Housing Bubble Burst
This generation saw either their parents, neighbors and friends’ parents devastated by the collapse of the housing bubble.  They saw people driven to bankruptcy and despair by pursuing what used to be the dream of home-ownership.  They learned to distrust banks.  And so what used to be a middle-class rite of passage is now perceived as a risky endeavor, best left to the firmly established.

2. Volatile Employment
Employment is less stable.  Two generations ago, it was common to start with a firm and spend 20 or 30 years there, retiring with a gold watch and a pension.  It made great sense to buy a home as soon as you could, because you had a reasonable expectation of stable employment.  Now pensions are a thing of the past, and stable career workers have been supplanted by an army of contractors, or short-term workers.  More and more people are forced to make do cobbling part-time employment and contracting gigs together to make a living.

3. Loan Rejection
It’s tough to get a mortgage.  Yes, interest rates are low.  But good luck qualifying for a mortgage when you’ve got nothing but self-employment, temp jobs and part-time income on your application – and you’re saddled with record student loan payments pushing your debt-to-income ratio into the stratosphere.

Put these things together, and younger Americans age 18-35 or so aren’t going to be flocking to join the ranks of homeowners for a while.  Nor are the teenagers who will be joining that demographic over the next several years.

We’ll see some pent up demand for home-ownership make itself felt at some point.  But it could be years before we see today’s millennials leave their rental units behind and make a big demographic-scale shift to home-ownership.

Vacancy Rates Will Decline

We present you the U.S. Census Bureau Housing trending graph:

8 Rental Property Predictions for 2015

A couple of things to note:

1. First, there is no historically significant correlation between national vacancy rates and recessions.  Vacancy rates in previous recessions either continued previous trends, or they drifted all over the place.

2. Second, the decline in vacancy rates since they peaked around 2009-2010 is an extraordinarily powerful trend, and it’s nationwide.  Indeed, the trend began in the Midwest well before the recession.

This is a secular trend that transcends the traditional market cycle, and is reflective of the larger socioeconomic, demographic and cultural changes we hinted at above – changes in the nature of employment and work, and in changes in the priorities value systems of younger middle-class Americans with regard to education, employment and their willingness to start a family.

Smaller Cities Will Dominate ROI

Millenials aren’t exactly staying on Ma and Pa’s farm.  But they don’t have to move to New York, Los Angeles and Chicago anymore to seek their fortunes.  Indeed, many won’t, but will choose to live in areas with a more modest cost of living.

Telecommuting has made a lot of things possible, and one of them is young creative-class people don’t have to actually work in a skyscraper when they can email their files to the Manhattan corporate headquarters from their porch in Peoria.

This is a much better deal for the renter in the early years of his or her career than having to live in a shoebox in the city.

Walkability Will Matter

We’ll also see renters increasingly value neighborhood “walkability”.  Why?  Young Americans are choosing to bike rather than drive.  We are already seeing solid evidence of a “walkability” premium in recent years, beginning with this University of Arizona study that found that “on a 100-point scale, a 10-point increase in walkability increases property values by 1 to 9 percent, depending on the type.”

See also this study by the Brookings Institution taking a look at the Washington D.C. market.  That trend will continue, though if fuel prices remain low its effect will be slightly muted.

Tech Centers Will Rule

Technology centers are those areas that have made investments in public WiFi, for example, but also that have a steady influx of technologically savvy younger workers, whether minted from local universities or attracted by major employers who have set up shop in the area.

Think areas like the Research Triangle of North Carolina, for example, or areas rapidly spreading from Northern California up to Seattle along the I-5 corridor.

Mortgage Rates Will Rise

This isn’t going to make it any easier for the basement-dwellers and apartment residents to make the leap.  But monetary policy has held mortgage rates down – at the expense of savers – for many years now, and there are limits to how long that policy can last.

We’re not alone.  Mortgage giant Freddie Mac’s team of economists are projecting mortgages to be approaching 5 percent by the end of 2015.  The 30-year fixed rate is hovering around 4 percent, so while 5 percent may sound low to those of us who have been around a while, it also represents a 25 percent increase.

To put it in perspective, that’s enough to push the payments on a $200,000 house from $954 to $1,073 – an increase in housing costs of over 10 percent.

A 1% point increase in mortgage rates from today’s levels would result in a mortgage payment increase of 10 percent for 30-year fixed rate buyers.

Economic Confidence Will Improve

Aside from the projected increase in interest rates, 2015 should be a decent year for economic growth as well.  Freddie Mac’s economist team is projecting economic growth of about 3 percent overall, which is enough to fuel an overall prosperity, but not indicative of a bubble formation.  If a bubble exists, it is probably in the form of student loan debt, now above $1 trillion outstanding, which weighs heavily on the ability of younger Americans to qualify for a mortgage or even save meaningfully for a down payment as their parents did.

But there is more to the housing market, certainly, than struggling college grads.

Data from the National Association of Realtors (NAR) indicates that consumer confidence is on the rise, and now stands at the highest it’s been in 7 years (their consumer confidence index was 94.5 in October).  That’s slightly below the long-term average of 100.  But if there is one thing we know now, that we didn’t know in 2007, it’s that the long-term average consumer confidence rate was too high anyway!

We note that consumer sentiment is actually more optimistic than real estate professionals – the NAR is reporting that while consumer confidence is at a 7 year high, realtor confidence in the future is at a 2½ year low.

Empty Nesters Will Rent Again

In past generations, people raised their children and then either stayed in their paid-for homes into their golden years, or downsized to plow excess money into rental real estate, annuities or other income investments.  But recently, observers noted a different trend of baby-boomers, who are now empty nesters, migrating to rentals at the rate of 200,000 households a year from 2010 to 2013, according to reporting from Multi-family Executive Magazine.

These aren’t geriatric folks, these 50+ and 60+ individuals and couples are healthier and more active than previous generations were at that age – and they want to be where the fun is.  As a result, many of them are flocking to urban cores and centers of dining and recreation, rather than suburbia.

What’s driving the trend?

Lifestyle Choices – Some people don’t want to grow old mowing the lawn.

Foreclosures – Some of these individuals were displaced by the foreclosure crisis when their real estate decisions went south in 2007-2012.

Divorce – It’s not uncommon now for parents to stay together for the sake of the kids – and then go their separate ways.  In this case, either or both former spouses may choose to move back to town or rent an apartment for the time being.

These trends will last far beyond 2015: The Joint Center for Housing Studies is projecting that by 2023, half of the growth in renters will be in the 65 and older crowd.

– – – – –

RealtyTrac’s numbers are confirming these trends, thus far.  This means that rental property investors (and those property managers advising them and executing their strategy) have some marketing options.  It’s not just about the 18-35 crowd anymore.  The rental market is likely to be a mix of younger individuals and families who have not yet transitioned to home-ownership on one hand – and baby boomers who are downsizing from home-ownership on the other.

Each will likely have different preferences for amenities, recreational activities, and housing sizes as boomers are going for the 2 and 3-bedroom rentals while the millennials are keeping things small.

The Art and Science of Marketing Apartments to Millennials

 

The Art and Science of Marketing Apartments to Millennials

Effectively reaching Gen Y renters involves crafting a message with a tone and content they’ll appreciate while staying abreast of the trends affecting Millennials’ behavior.

If your apartment community is located around a university or college, chances are good Millennials are the lifeblood of your business.

Every year, a new cohort of young renters enters the off-campus market looking for a great rental home. And your community may be the ideal location for some of them. But the methods this cohort will use to find a new place may be very different from what their counterparts from just a few years ago employed.

Marketing to Millennials is quite literally one part art and one part science. The art of marketing to Gen Y, as they are also known, involves crafting a message with a tone and content that will resonate with this demographic and the world they know. The science of marketing to this demographic, meanwhile, requires that you know the trends affecting Millennial behavior.

When these two halves of marketing are combined, an appropriate message delivered through the right channels can be a powerful tool to begin, and later nurture, a relationship with a future member of your community.

Talk Their Talk
Millennials don’t want to be marketed to—they want to be part of the conversation. So you need to know how to speak their language.

In a Forbes.com article posted on April 16, Katie Elfering, a consumer strategist at CEB Iconoculture Consumer Insights, describes what motivates the Gen Y crowd: “First, understand and speak to the values that drive them—happiness, passion, diversity, sharing, and discovery. Second, understand their realistic lifestyles and experiences, and find ways to amplify their reality. And, finally,” she notes, “make sure they feel informed and involved, not just marketed to.”

One crucial way to involve and inform Millennials, of course, is social media. Millennials understand the power of social media, and they don’t hesitate to use it through a variety of apps and mobile sites every day. Facebook is still the top dog in social media, snaring 71 percent of online adults. And others aren’t far behind.

“Some 42 percent of online adults now use multiple social networking sites,” according to the Pew Research Internet Project, in a report posted on its website on Dec. 30, 2013. “In addition, Instagram users are nearly as likely as Facebook users to check in to the site on a daily basis.”

Different sites also reach different demographics. For example, Pinterest appeals to women, while LinkedIn has a large college-graduate and higher-earning base. Twitter and Instagram are reaching young users and urban dwellers, according to Pew.

Use these various outlets to show Millennials how your community can benefit them or solve a specific problem. This demographic includes students in various stages of their education, so target them by highlighting the qualities of your community that will appeal to them. For example, point out local features such as coffee houses where they can study, proximity to bus routes or bike paths, or a great restaurant or pub where they can meet and hang out with peers.

Your Facebook, Twitter, and Instagram posts can also highlight events in your area, showcasing your location and the ease of access to schools, office buildings, and local events. Use social media to drive potential renters to your listings as they start the research stage of their apartment-seeking journey. In addition, regularly highlight local events, and your current renters will be more engaged and become an indirect referral source every time they interact with you.

Creativity and Authenticity Drive Engagement
Not only must you reach out to Millennials on their turf, be it Facebook, Instagram, or Vine, but you’ll also need to connect with them on their terms. In general, Millennials are skeptical when it comes to traditional, “top-down” advertising.

Here are 10 ideas to help you grab the attention of this core demographic on their own playing field.

1. Host a party: If there’s one thing most people can’t resist, it’s free food. Add a game on the big screen in your community’s rec room and you’ve got a party. Let your tenants know that they’re welcome to invite a friend or two and you have happy customers spreading the word on your behalf. Develop a calendar of weekly events themed around sports or campus occasions. Use social media and your residents to get the word out to prospective tenants.

2. Offer freebies: Who doesn’t love something free? Try some nontraditional incentives, like free laundry detergent as part of the welcome package. Another option is a gift card to a local pizzeria. Partner with other businesses in the area to benefit your tenants and prospects while building your reputation with the locals. Monthly giveaways can draw new residents while helping retain your current ones.

3. Use economics: Differentiate your product to appeal to a variety of budgets. In a Sept. 6, 2013, MFE story, Miles Orth of Philadelphia-based Campus Apartments, says that “the idea of product differentiation is fairly common across many real estate sectors, hospitality in particular, and, now, student housing companies are doing it.” Orth, Campus’s executive vice president and COO, added that “there are a number of markets where it makes a lot of sense.” Remember, Millennials came of age during the Great Recession. So consider offering upgrade packages that include cable and high-speed Internet or other services, to allow renters to customize their living space. Such packages provide product differentiation to appeal to different budgets and lifestyles.

4. Don’t forget Mom and Dad: Students are making decisions with Mom and Dad’s input. In some cases, parents are assisting with or paying the rent. Make them feel welcome in the community. If possible, provide a parents’ suite that will be available for overnight visits. Parents want to feel they’re leaving their children in a safe and friendly environment. Highlight those positives about your community.

5. Embrace negative reviews: Instead of ignoring or running away from negative reviews, use them to your advantage by balancing them with positive comments. “Sixty-eight percent of consumers trust reviews more when they see both good and bad scores, while 30 percent suspect censorship or faked reviews when they don’t see anything negative at all,” according to an article by Reevoo on the social-commerce company’s website. Don’t hesitate to respond to negative reviews, but don’t fall for the trolls who are just out to pick a fight.

6. Be part of the pack: Students rely heavily on search engines, Google in particular. Its algorithms are meant to capture a local user-friendly search. So make sure you’re part of the Google pack by claiming your profile and keeping your information in local directories current. Use a listing service with a local flair as another means to build awareness among apartment hunters.

7. Provide access to “on-demand” spaces: Millennials are looking for temporary spaces they can make their own. This includes access to reserved outdoor grills, game rooms, volleyball courts, and fitness areas. The latter are empty, gymlike rooms to which residents can bring equipment to make the space into whatever they want, such as a yoga studio or Pilates classroom. When you allow your tenants to use an open space for a class for their friends, you get prospective residents visiting your community in a unique and positive interaction.

8. Offer as much technology as you can: Today’s renters are accustomed to online interactions, from payments to maintenance requests. Are you taking advantage of this medium to interact with your current and potential tenants? Other technologies that are attracting residents, according to Katie Smerko, national director of leasing and marketing for student housing operator Campus Advantage, include electronic apartment keys (FOBs), docking stations in amenity spaces, and Apple TVs.

9. Adopt online leasing: You showcase your properties online, so why not allow residents to complete their lease online as well? Provide prospective renters with easy access to an application from any mobile device. Offer a marketing and application kiosk, as well, where people can complete their application and lease online. Make leasing agents available to answer any questions.

10. Turn your tenants into community ambassadors: Why bother going out of your way to allocate part of your budget to tenant events, giveaways, and the like? If you give your current tenants a reason to talk about your community, they will. So give them something good to show off, and that’s what they’ll share with other, prospective renters. When they do, they’ll drive traffic to your leasing agents. Use referrals to your advantage as well as to your current residents’ benefit. A small decrease in rent for every new tenant a resident refers can be a great incentive for Millennials to talk up their new, off-campus digs.

The key to attracting students and young professionals as renters is to do so on their terms. Rather than forcing them to accept the status quo, consider winning their affection by updating the status quo to meet their needs. By making use of these marketing—or, better still, “customer experience” techniques—you can develop a loyal base of tenants and capture your share of the Millennials in your market.

Michael Taus is vice president of marketing at ABODO, a hyperlocal apartment-search service that caters to college students and young professionals. You can contact him on Twitter, at @MikeTaus, or online, at list.abodo.com.

Wednesday, November 05, 2014

 

Wednesday, November 05, 2014
U.S. House Prices Contribute to Global House Price Recovery

A previous blog post illustrated that U.S. house prices are recording a range of annual gains with some areas of the country rising faster than others. Similarly, in the context of the global economy, annual house price growth in the U.S. has been faster than some countries while lagging other countries. The International Monetary Fund’s Global Housing Watch calculates a real …Read More >

Renters May Temporarily Turn into Buyers as Incentives Arise

Renters May Temporarily Turn into Buyers as Incentives Arise

Posted: 09 Oct 2014 10:15 AM PDT

It may feel like 2006 all over again when it comes to the housing market.  Gimmicks and giveaways are creeping into the market because homes aren’t selling like builders had hoped. Back in 2006, just before the crash of 2008, no-document mortgages greased the way to the top of that housing bubble. Today it’s freebies such as swimming pools, built-in barbecues and cost reductions. This may seduce some renters to stretch their wallets with the allure of being an “owner”. How quickly people forget the prelude that eventual leads to foreclosures or valuations being “underwater”. According to a recent Bloomberg report builders from California to Florida “…are sweetening offers as sales slow in some of the country’s most volatile housing markets.” “Buyers, suffering from sticker shock after large price gains in 2013, are pulling back after the U.S. government cut the maximum size for mortgages with low down payments. In Phoenix, the Federal Housing Administration’s loan limits dropped well below the median price for a new home”, the report noted. The culprit that necessitated the housing market stimulants was the federal government. At the beginning of 2014 the FHA cut loan sizes in 652 high-cost U.S. counties. This included Phoenix, Arizona where the limit dropped to $271,050, nearly $24,000 below the median prices of a new home, from the previous maximum of $346,250. The maximum loan size in the Las Vegas area was cut by 28 percent while in Sacramento, California area max loans shrunk by 18 percent. “We were having a nice robust recovery and then that happened,” said Buddy Satterfield, president of the Arizona division for Shea Homes.”When you take the FHA limit down to $271,000, you hit us right in our sweet spot.” FHA mortgages for new homes in the Phoenix area fell 39 percent in August from a year earlier, while the number of buyers financing existing homes with the government-insured loans gained 12 percent, according to RL Brown Housing Reports, a consulting company based in Scottsdale, Arizona. Once again the biggest challenge for home buyers is to be able to qualify for mortgages. The Bloomberg report said nearly 48 percent of FHA borrowers who purchased Phoenix-area properties from Meritage Homes Corp. in 2013 wouldn’t qualify under the new limits. Nationwide builders are advertising incentives such as discount pricing, appliance packages and even offering to pay closing costs for buyers. Builders are competing with a huge new supply of previously owned homes partly because investors who bought after the market bottomed are cashing out. Property managers are wise to prepare for further motivations for renters to become buyers. One of the keenest ways to prevent an increase in vacancies is to stay appraised of the cost of ownership. If your residents realize it’s significantly less costly to rent than to deal with the costs of ownership they’re less likely to make the switch. Also, do what you can to make your rental units feel like home.

The bottom line is that the housing market is being artificially goosed into bubble mode, the bubble will eventually burst. Your residents may need to be reminded what happened the last time this occurred.

Residential Housing for Renters Expands as Property Managers Wonder

Residential Housing for Renters Expands as Property Managers Wonder

Posted: 07 Oct 2014 08:49 AM PDT

The number of multi-family rental housing complexes being built around the nation keeps on growing month after month. The implications for the property management business are somewhat ambiguous.

No doubt there’s been a steady decline in the number of homeowners since the financial crisis of 2008. This has translated to a substantial increase of renters who are likely to remain renters for a long time.

That’s been good news for property managers and their owner-clients. For the past 4 years vacancy rates have declined while the inventory of rental units built has reached record levels.

For example in 2012 nearly 6% of the 535,000 single-family homes built were used for rental housing, according to info made available by the National Association of Homebuilders. By comparison the 32-year average ending at the housing market peak in 2006 was about 2% of houses built were rentals.

The NAHB also keeps track of the number of multi-family units that are built quarterly as rentals. The Multifamily Production Index (MPI), a leading indicator for the multifamily market posted a gain of five points to a reading of 58 for the second quarter of 2014.

This is the 10th straight quarter with a reading of 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100.

The MPI also provides a composite measure of three key elements of the multifamily housing market: construction of market-rate rental units, low-rent units and “for-sale” units, or condominiums.

A number over 50 indicates that more respondents report conditions are improving. In the second quarter the “…MPI component tracking builder and developer perceptions of market-rate rental properties had a significant increase of nine points to 68”.

This is the highest reading since the third quarter of 2012; low-rent units increased four points to 52. Units for sale rose two points to 56, underperforming the expansion of rental units built.

“We have seen steady growth for the apartment market since 2011,” said W. Dean Henry, chairman of NAHB’s Multifamily Leadership Board and CEO of Legacy Partners Residential in Foster City, Calif. “There will continue to be strong demand for the foreseeable future, but the availability of construction labor is still proving to be a challenge.”

The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry’s perception of vacancies, was essentially unchanged, increasing one point to 38. With the MVI, lower numbers indicate fewer vacancies.

“The MVI, the vacancy index, has been holding steady at a healthy level of 37 to 38 since late 2013,” said NAHB Chief Economist David Crowe. “Although this is slightly above the low vacancy numbers we saw in 2011 and 2012, those low numbers were the result of depressed production with few new apartments coming on line.

“Meanwhile, the strength of the MPI, the production index, in the second quarter is not surprising, given that we’ve seen employment improve, which allows younger consumers to form their own households.”

The bottom line for property managers is mostly positive. There will continue to be more rentals to manage while the current low vacancy rate holds steady. What’s not to like about that?

Concentric Equity Partners

Concentric Equity Partners to Acquire Property Preservation, Valuation Divisions of CoreLogic

CoreLogic Property PreservationSources close to the negotiations have confirmed to DS News that Concentric Equity Partners (CEP), owners of Mortgage Contracting Services (MCS), Asset Management Specialists (AMS), and Vacant Property Specialists (VPS) has agreed in principle to purchase CoreLogic‘s Property Preservation and Valuation divisions.

The deal is set to be finalized in the coming days and represents the latest in a series of strategic acquisitions for CEP to expand its growing footprint in the field services sector.

In August of last year, CEP announced the formation of a holding company to bring MCS, AMS, and VPS under common ownership. In addition to her role as MCS CEO, Caroline Reaves was named CEO of the holding company.

MCS is a nationwide provider of property inspections, property preservation and real estate owned (REO) property maintenance for the financial services industry. AMS is an industry leader in the REO market, maintaining deep relationships with government and government-sponsored entities. VPS is a leader in securing vacant properties across a wide range of residential and commercial sectors.

CoreLogic Property Preservation Services division currently provides a full spectrum of property preservation and maintenance services to secure and protect properties from conditions that may negatively impact asset value until a final property disposition determination. The Valuations and Collateral Risk division offers a full suite of valuation services aimed at helping lenders, mortgage servicers, government agencies and investors understand property values and property-related risk.

At this time, the present facilities and workforce of the acquired divisions are expected to remain intact.

Stick with DS News for the latest on this rapidly developing story.

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5 Reasons Real Estate Is (Once Again) a Prudent Investment

5 Reasons Real Estate Is (Once Again) a Prudent InvestmentIf you are someone who has given up on the dream of real estate investment, before even giving it a serious look, consider a few trends.

Construction is on the rise, foreclosures and repossessions are decreasing.  The U.S. Census Bureau recently reported that new residential sales in May 2014 have increased an estimated 16.9 percent compared to the same period last year.

Far from least, US median property sales are up over 11% annually, the biggest increase since 2012.

It’s clear, conditions are optimal.  Given today’s economy, with low property prices, decreased interest rates and a high demand for housing, there has never been a better time to profit from owning rental property.

In my opinion, the next five years will be the best ever for those who choose to make their fortunes in real estate.  If you already own good investment property, hold onto it dearly.  Don’t be tempted to sell.  If you’re on the fence, there are five things I want to share with you:

1. Don’t Miss the Lucrative “Bottom Bounce”.  The best time to purchase stock is when it has bottomed out and is rebounding upwards.  I like to call this the “bottom bounce.” We can expect three-to-five years of strong appreciation after the market lows witnessed in late 2012 and early 2013.

With housing prices rising steadily this year, it’s an ideal time to invest in a rental property, both from a personal finance perspective and from a smart business investment one. Keep in mind, the sooner you act, the more money you will make.

2. Property Hasn’t Been This Affordable in Decades.  Mortgage rates are holding at a remarkably low rate. That means reasonable monthly repayment costs that make owning investment property an attractive way to create wealth.

In these market conditions, the value of the equity that an income property offers is not to be underestimated.

3. Rental Prices are Soaring.  Despite these low mortgage rates, home ownership is unfortunately a distant dream for many Americans still recovering from the financial crash. As a result, more people are living in rental accommodations.

With demand driving up costs, rental prices are at an all time high.  This spike in demand is highly beneficial for property investors who will see their investments appreciate, as well as earning steady monthly returns.

4. Capital is Increasingly Accessible.  Beyond seeking a conventional mortgage loan, there are increasing numbers of private capital investors available to offer financing in exchange for a portion of the returns.

5. You Can Be a Stress-Free Landlord.  Welcome to 2014, when being a landlord doesn’t have to be a headache anymore.

With technology-based solutions and the rise of service-oriented businesses, the bulk of the work takes a fraction of the time and energy. There are two options: You can either offload this entirely to a reputable property manager or you can go it alone, using apps and online software to market your properties, collect rent and analyze your investments.

It’s time to make your move!  I am passionate about getting more people involved with real estate investment. I’ve seen first-hand how the wealth from income properties can transform lives, families and futures.

Whether you’re making your first investment or maximizing your portfolio’s earning potential it’s time to take advantage of this market!

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The Top 10 Affordable Purchase Markets for Aspiring Millennial Homebuyers

topStories Saturday, July 26, 2014
The Top 10 Affordable Purchase Markets for Aspiring Millennial Homebuyers
First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas—particularly in the Midwest and West—are well positioned to see increases in home-buying from the Millennial generation in upcoming …Read More >