Is the party almost over for Landlords and Real Estate Investors in residential rentals?
Rental rates across the US, Indianapolis metro area included, have been on a consistent tear for a number of years now….Landlords have benefitted allowing the asset prices to get bid up on both rental properties for sale.
However, just like with everything in life, there are limits….
Here’s a good article that takes both a granular and high level approach at looking into this pending issue….
Certainly, if your local market conditions allow, maximize your rental revenue whenever possible, but keep this knowledge on your radar as we may be witnessing a market shift in rental rates.
If you haven’t repriced your properties lately or done a competitive analysis, now may be a good time to get this information gathered.
As always, if we can assist, call or click.