Quote:
Originally Posted by Leshook
Hi there, we are looking to purchase a home and then rent it part of the year. I’ve been researching, and I’m hoping some would share here or privately if they feel the market is over saturated with rentals? Is it a profitable thing or do you just break even? Is there a certain area that is better for rentals? Thanks so much for any insight!
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As someone who has watched the rental market for some time, I can say its a very interesting market. There are really two narratives, one is that renters will pay whatever is asked and the housing inventory is way below the rental market demand. The second one is everyone on the planet has their home up for rent and the market is beginning to catch up. Currently on one web site alone there are 38 homes for rent for the the prime winter months of Jan to April. IMHO the day of getting 6 to 10K per month for a 3/2 are long gone, unless you get a foreigner who doesn't understand the market.