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Rental Market Blues
Posted on August 11th, 2009 No commentsDiana Glick of CNBC recently blogged “Rental Market Reeling” of which the essence of her commentary is the glut of rentals are obviously outstripping rental demand, therefore keeping properties vacant and investors concerned. The main culprit is of course the rising unemployment rate across this country of ours.
I agree with Diana comments, and certainly we at Market Advisors have been educating our audience for months as to how and why unemployment is the single most important factor to measure and determine real estate cycles.
However, as the saying goes, “one mans problem is another man’s opportunity”.
The current foreclosure market offers exceptional opportunity to Investors who are able to navigate these treacherous waters. Just because an REO is on the market does not make it an automatic opportunity for investment. At Market Advisors the “rental probability factor” is an important component of our investment matrix.
I invite you to find out more about how we determine investment opportunity for the properties we choose to acquire for our portfolio.
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