LeeCarlson

Housing Bubble and Real Estate Market Tracker

There is so much housing available for rent today that rental costs are not going up but are
staying level.... Not up ,..Not down... Also, the old "Rule of Thumb" on how much one should pay for rental properties is being ignored and the "Brilliant" investors have , by and large, way overpaid for rentals.
Rental properties should be a pure and simple mathetical decision, but unfortunately have not been during the past few years. Now there is a lot of Rental property on the market and most of it ,..not in great condition, so it's another reason that rents are not going up !!
To make money in the rental business, one should look carefully at the projected income as compared to the expenses and it should pay for itself as well as give some return on investment, meaning,..money in your pocket,...cash flow,...terms most investors seemed to have overlooked during the past few years. One must KEEP IN MIND THAT IT IS STRICTLY A FINANCIAL DECISION, not a decision based on how great the building looks or the "fine neighborhood". Keep emotion out of it !! Sincerely, Lee Carlson, Clearwater, FL