This is a quick note of positive news for you investors out there. Rents are continuing to rise; in fact, they are rising faster than home prices. This is not only true across the country but here in the land of sunshine and flowers as well.
Rents in the Los Angeles metro area were up 5.6% in April over the previous year, while home prices increased a more modest 3.1%. These statistics argue for continued strength in rents, which translates into continued upside potential for investments in rental property.
Check with us for listing of rental properties that can provide increased rental income, property appreciation and tax breaks.