If you have ever thought about owning rental properties, you might want to go ahead with that idea. The Seattle region was ranked No. 2 out of 75 markets on a list of the places to own rentals in the first quarter of 2015 by the organization, All Property Management.
The organization placed Seattle in the No. 2 spot “primarily due to its astonishingly high year-over-year median rental price increase of 27.12 percent.” The increasing price of property rentals isn’t the only reason Seattle is considered a good rental market. All Property Management took into consideration the area’s job growth and pay, number of homes for sale and even the number of coffee shops per capita.
This region has the third-tightest housing market out of all the markets researched. The report also found that “The cost to carry property, as measured by property tax rates and annual homeowners insurance premiums, is the second-lowest in the country.”
Looks like you are in the right region if you are interested in owning rental properties. We can help you find the right property to purchase for your investment. Please contact us for any home buying or selling needs.