Renting Out Your Home Made Easy

Throughout the depths of the housing downturn, the media never shied away from advising consumers that prices had a long way to drop before it made any sense to buy homes again.  Now that prices have been radically scaled back—in many cases to well below pre-boom levels—buyers are being re-advised to act promptly.  Here is a sampling of what business and real estate experts are saying now:

It’s an excellent time to buy a house either to live in for the long term or for investment income. —The Wall Street Journal

 “It’s important for America to realize that when it comes to housing now is the time to buy.J. P. Morgan

 “Many buyers who waited for rock-bottom prices know that now is the time to buy.” —U.S. News & World Report

 “Now could be the best time in history to buy a home.Market Watch

 “Houses aren’t the magic wealth creators they were made out to be during the bubble. But when prices are low, loans are cheap and plump investment yields are scarce, buyers should jump.The Wall Street Journal

We’re especially pleased to see the Wall Street Journal (and others) acknowledge that real estate—especially when compared with today’s topsy-turvy financial markets—is now one of the most reliable income earners an investor can choose.

Eric Belsky, of Harvard’s Joint Center for Housing Studies, says that during the housing boom—between 2001 and 2005—700,000 single-family homes became rentals.  A more recent survey, between 2005 and 2009, showed a sizeable increase.  According to Belsky, 2.3 million single-family homes went “from having been owned to being rented.  And they’re not just being offered for rent, but are actually occupied by renters.”

Still, with well-maintained rentals finding tenants the moment they hit the market, many well-capitalized, would-be investors remain reluctant to take the plunge.  The reason?  Though rental demand and prices are climbing, becoming a landlord can be an uneasy proposition.  Not to mention a 24/7/365 job for owners who decide to manage the properties themselves.   Bad tenants can be an owner’s worst nightmare; and good ones can be downright demanding when the tiniest thing goes wrong in the middle of the night.

Fortunately, there’s no need to make midnight house calls when your property is managed through the Rental Division of Michael Saunders & Company, which is set up to provide as much or as little help as you need managing your income-producing property.   We can do it all or fill-in wherever you need the most help.

In addition to providing the utmost in personalized attention, we will professionally handle ever property management challenge with the goal of maximizing your profits, minimizing hassles and protecting one of your most important financial assets.

If you live within our market area, MS&C’s Rental Division will save you time, money and needless aggravation.  If you live outside our market, you can count on us to always be there when you can’t.  Plus our extensive network of the market’s best maintenance professionals—such as painters, plumbers, electricians, roofers and landscapers—prevents you from having to hire from a distance on a moment’s notice.

Additionally, we will help determine your property’s best pricing strategy, screen for responsible tenants and collect rents, conduct lease negotiations and preparation; and provide full-service accounting and reporting,  How many of our `a la carte management services you use is entirely up to you.

Residential properties have suddenly eclipsed other forms of investing for their potential to be purchased at vastly reduced prices; then produce attractive yields as well-maintained rentals.  Why miss out on this unprecedented opportunity for fear of becoming an around-the-clock landlord?  Contact the property leasing professionals at Michael Saunders & Company to find out how a rental property in our hands can mean money in yours.

To speak with a leasing professional from MS&C’s Rental Division call (888) 409-4448; or learn more by visiting michaelsaunders.com/rentals.

Share your thoughts, leave a comment!



Google Profile