FLIPPER turned Landlord

The number of rental households increased by 1.4 million in the past 12 months!  That's 3,836 new renters per day.  This, according to Economist Commentaries on October 28th, is largely due to overly tight mortgage underwriting standards and elevated foreclosures that have forced distressed homeowners into renting. Higher demand has led to higher rental rates; an increase of 2.1 percent from this time last year. Higher rents translates into a better rate of return for real estate investors. This, coupled with the affordability of condos, apartment buildings and even houses, makes today a great time to call your investors and jump into the rental market. Economists are calling for higher rental rates in 2012, so all you Flippers out there who have been patiently waiting out the market, now is a great time to jump in, renovate (or not) and rent.