Rental Market Much Improved
February 1, 2006 by Perry Corneau · Leave a Comment
In the past few years the market for annual leases has been flat as many first time home buyers have taken advantage of low interest rates and interest only mortgages to purchase homes or condominiums rather than rent. The recent rise in interest rates has spurred improvement in leasing rates. The recent trend in condominium conversions has also caused improvement in the leasing market as many would be tenants have been displaced.
This week I have leased a two bedroom one bath condominium in Admirals Walk Condominium after only a week. I had many inquiries through my website and had three parties willing to lease the condominium. I have also had great success in renting a condominium at Villagio after only one day.
I believe now is a good time to consider income properties to be held for long term gain rather than quick profits from “flipping”. Over the long term real estate is sure to continue to be a very good investment. I offer long term leasing services through my website at www.sarasotarentalproperties.com and vacation rentals through www.accommodationsofsarasota.com
I am a Real Estate Broker - Associate with Signature Sotheby's International Realty. I have lived in Sarasota for most of my life and have been a real estate broker in Sarasota since 1988. I am blessed to have the love of my wife Opal and our two daughters, Katie and Victoria. I can be reached on my direct line at 941-650-4626. It would be wonderful to have the opportunity to work with you and earn your trust and friendship.