Renting on the Rise means Opportunity for Investors

For as long as most American’s can remember the “American Dream” was associated with owning a home. Since the Hoover administration, the American government has strongly encouraged this belief with incentives and polices to promote an equity stake in this country. It was not until recently that officials have begun to say otherwise, now they are urging for a better balance of ownership and rental housing. Trending towards a more European style of housing market, American’s are slowly beginning to realize that the American Dream doesn’t necessarily need to include home ownership. From 2004 to 2009, the number of renter households jumped up 10% or 3.4 million people in the U.S.

With residential sales and prices still down overall, investors in stocks and bonds may want to consider real estate as a diversified income opportunity. Thus, creating monthly cash flow and while building long-term investment assets. Companies, like Snipes Properties, specialize property management so investors can rest easy knowing their assets are properly cared for and quality tenants are chosen.

Call Snipes Properties with any questions about property management or any real estate needs at 804-358-3888.

Source: Rise of the Renting Class. CNNMoney.com. http://money.cnn.com/2010/07/28/real_estate/housing_debate_rent-vs-buy.fortune/index.htm