It's Good To Be The Landlord

By: Jim Siedlecki Email
By: Jim Siedlecki Email

The good news is that the economy is showing real signs of improving but there is a downside if you are a renter.

As the economy continues to improve, apartment rents are expected to go up again next year for the fourth consecutive year.

The Association of Realtors predicts rental rates for apartments will jump nearly 5% nationwide.

In addition to a strengthening economy, the drive in rates is also due to supply and demand and until apartment construction catches up with demand, landlords will maintain control of the market.

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