Bad Sales Market = Good Rental Market

You've been living in a bubble if you're unaware of what's going on in the real estate sales market. There are still sellers in the market who wish that things would return like they were in 2004 and 2005. Dream on!

The good news for landlords is that potential buyers who are now completely turned off by buying a home, still have to live somewhere and their only option now is to rent.

I've noticed in my business that rentals are up, up and up, not only in the number of people who are looking to rent but also in the amount of rent that landlords can get. Because of this new upsurge in rentals, it's now more so than ever to have one's leasing systems in order.

One of the top, free advertising outlets for landlords is Craigs List. You'll be able to advertise your rental for seven days and you'll be able to include up to five different pictures of your rental for absolutely no money! After seven days, the ad falls off and you'll have to repost it ... Big Deal!

In my opinion, Craigs List is much superior to any other advertising medium, including the local newspapers.

Click on this link, http://washingtondc.craigslist.org/ and go to apts / housing to set your ad ... you'll thank me later.

If you're leasing your property in the cold weather months, try for an 18-month lease instead of the traditional 12 months; it'll end the lease term in a more favorable, warm month that will make it easier for you to rerent your property.

As landlords, our times are here, now. Fix up your rentals and get the word out and start moving into a positive cash-flow environment.

Ray