08-29-2007, 02:26 PM
Have you considered a lease option? Generally tenants who have some skin in the game, (sizable up-front option money),and anticipation of future ownership, tend to take better care of the home. It may be a while before the market "gets better". As always, consult a real estate professional to do it right.
Saw an interesting article on the "phantom rental market". Apparently a lot of would be home sellers are giving up and choosing to rent out their investment properties. Some of them go through normal rental agencies but quite a few of them are on Craigslist and other free boards where they are under the radar from agencies that track vacancy rates in specific markets. In some markets this has resulted in a glut of rentals and, subsequently, reduced rents and long vacancies. Good luck!
Saw an interesting article on the "phantom rental market". Apparently a lot of would be home sellers are giving up and choosing to rent out their investment properties. Some of them go through normal rental agencies but quite a few of them are on Craigslist and other free boards where they are under the radar from agencies that track vacancy rates in specific markets. In some markets this has resulted in a glut of rentals and, subsequently, reduced rents and long vacancies. Good luck!