Rental Market Much Improved

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