Renting for fun and profit

Vicki Dimmich
Vicki Dimmich

Renting for fun and profit

While most of us agree that renting is not necessarily fun, it can be profitable to be the owner of rental property. It can also be the answer to the problem of slow sales in real estate. This year we have had three different owners that could not sell for various reasons and all three of them elected to offer their property on the rental market. We were surprised and pleased that all three were rented within less than a week. Two were condos and one was a single family house, but all three were nice properties that you could be pleased to call home. And believe me, we had people calling from everywhere about these rentals.

This week we are looking for a suitable rental for a young man who wants to be in the loft district and the properties are renting so fast, that we have had to change our list of units we are showing, several times.  Most of us are unaccustomed to such a fast rental market. If it is priced correctly, it will rent in any of the west county locations and also in other desirable areas such as downtown,Kirkwood or Webster Groves.

If you think you would like to rent a property that you own, give us a call. We think we can help.

 

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