Myer Realty's take on the state of Investment Rental Market

By Fred Myer

We at Myer Realty really do get a birds eye view when it comes to the state of the investment rental market. Homes are becoming more of a challenge to purchase and manage for a larger and larger segment of our society! We have a huge portion of our population that no longer feels the urge or feels it necessary to own a home. There may be a few reasons for that; first, ownership involves a commitment to a location and millennials and retirees for somewhat different reasons are finding they don't want those commitments. Not to mention owning a house is a side job in and of itself, mowing lawns, cleaning the gutters, new roofs, paint, ect.. and all that time is either already committed to other things, or there is many times the desire to travel in the case of retirees.

So this opens the door even wider for more investors to come to the table, because someone needs to own these homes that these folks want to rent's....that is where you can come in. NOW is a great time to activate cash you may have, and put it to work, so you can receive the many benefits of investing in real estate. Rent.com a rental website states that nearly 45% of rental agency's recorded more and more millennials are seeking to rent, not buy! In addition to that 54% of rental agency's say they are seeing a large increase in previous home owners now wishing to rent. Big drop, couple that with vacancy and the forecasted rental rent increase for Northern Nevada and you have quite a recipe for success, a perfect time for real estate investors to get their hands on rental properties!