Your Castle Real Estate works with many experienced and first time clients buying a rental property. The practice is part of what makes Your Castle the Colorado industry experts – by continuously analyzing and aggregating real estate market trends and data, Your Castle is able to offer timely information to investors and homebuyers alike. Your Castle’s President, Charles Roberts is passionate about real estate investing and always jumps at the opportunity to share advice with anyone interested in owning a rental property.
If you’re considering buying a rental property:
There’s no better way to build wealth than owning rental properties for the long term. Home prices have risen, but so have rent prices, and interest rates remain near record lows. Smart investors don’t try to time the real estate market; it’s as difficult to do as timing the stock or bond market. The vast majority of Americans who have built wealth as real estate investors have done it buying rental property and having their tenants pay the mortgage off for them over time. It’s not complicated and it works. Of course, everyone’s situation is unique.
For years, Your Castle clients have been buying rental properties in metro Denver to build their long-term wealth:
Our record low vacancy rate is a big driver of why rental property has performed so well. First, the lower the vacancy rate the higher the demand for the property. More demand means landlords can be more choosey when selecting their tenants and also can charge higher rental rates. Rent prices have skyrocketed the past few years because the vacancy rates have remained so low. One of the reasons vacancy rates are so low is that many people cannot qualify for a loan. I don’t expect this to change for the foreseeable future. We’ve had a huge shakeout in the lending industry and lending guidelines are much stricter than they were in the past. Until lending standards ease up I expect vacancy rates to remain low and keep my investor clients happy. If you’ve ever thought of investing in a condo or house as a rental property, contact us for more information!