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Sunday, August 8, 2010
Under $1300 is Rental Sweet Spot
Interesting data emerging through July 2010 per GLVAR’s rental statistics. By far the most activity in rentals is in the $1000-$1300 range confirming that the best investment strategy for quick rents is to stay in the low to mid price ranges on single family homes. 4-bedroom homes are garnering significantly more rent this summer as well. Keep in mind rents, unlike home values, can swing widely depending on the season peaking usually in January/February and July/August each year as rental activity increases, while bottoming out between Thanksgiving and New Year’s and also in mid-springtime.
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