Vacation rental properties along the East Coast are reported to be garnering increased weekly rates. The highest summer rental rates in the country are in the Hamptons and Martha’s Vineyard with slightly more modest rental rates along the New Jersey Coast.
A six-story transit-oriented development with 138 “micro apartments”, has been given the green light to demolish adjacent properties and begin construction. The apartments will be located at 2342-48 N. California Avenue in Chicago.
Some in Charlotte NC are starting to worry about a glut of apartments as developers rush to open new high end units uptown.
Any investment comes with risks but owning rental properties is one part of a diversified investment portfolio for many investors.
Rental properties often come with a required ‘hands-on’ approach, including contact with tenants, dispute resolution and awareness of local and national rental regulations.
Here’s a link to an article discussing five of the common risks involved in investment rental properties.
Cleveland and Cincinnati top the list of best returns on rental properties….
The high priced two- and three-bedroom apartments, many with floor-to-ceiling views of Lake Michigan would be built on the last remaining empty shoreline lot.
Airbnb and VRBO show hundreds of houses in southeastern Wisconsin are being offered for rent during the week of the U.S. Open, which runs June 12-18.
Investment companies called REITS are adding more rental properties to their inventory, betting that many will potential home buyers will find renting a better option.