Landlords couldn’t be happier in today’s renting environment. The most recent “Metro Denver Area Residential Rent and Vacancy Survey” for 1-4 unit properties shows the great news continues for landlords. According to the report:
“The overall vacancy rate for the metro area for the first quarter of 2017 was 2.8 compared to 3.2 percent for the previous quarter, and 1.8 percent for the first quarter of 2016. It was 1.5 percent in the first quarter of 2015, 1.5 percent for the first quarter of 2014, .9 percent for the fourth quarter of 2013, 1.6 for the fourth quarter of 2012, 1.4 for the fourth quarter of 2011, and 3.1 percent for the fourth quarter of 2010.”
In the U.S., more millionaires owe their wealth to real estate investments than any other single source of income. Today’s market could not be better for long-term, buy-and-hold investors. Call me to find out more.