Rental properties have been a favorite of investors the last few years, and rightly so. At a time of low interest rates, rentals provide better returns than many other investments; you don’t need exotic expertise; you can leverage your return with low-cost financing; and there’s a ready market if you decide to sell.
But rentals aren’t a slam-dunk either. You could find yourself in a local market where the demand for rentals is low and will stay low. You could find that there just aren’t enough renters at the rates you need. Or you could find yourself over-paying in a boom market.
To give you the best chance for a sound investment Local Market Monitor has sifted through the 330 markets we cover, to find 25 markets where you have the best odds for success using our Investors Metro Monitor.
These aren’t the hottest real estate markets in the country. You won’t find San Francisco, Seattle, Denver or Miami on the list. Why? Because in those markets – and another dozen or so like them – home prices are now well into boom territory. Which means there’s a good chance you’d be buying at inflated prices that will come down again on the other side of a bubble. In markets like that, it’s best to invest in apartments, but their prices also may be on the high side.
Get Property Management in Stockton
Need property management for your Stockton CA rental property? Contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online. <<<<<<<<<<