The time is right for many investors to jump back into the real estate market. There are a couple of market forces at work to make this happen. First rent prices are increasing. According to one study, a bit over 6% in 2014. By itself, this is not a good driver, but coupled with very low interest rates, it can be a great time to add a property to an investment portfolio. The northern Virginia area is a great place for landlords. Because of the proximity to Washington DC, the area has a huge number of transient residents, on assignment for the government or military. So there is a built in bias toward serving renters. Not only that, but Millennials are here in great numbers too and are a high renter percentage demographic group. We’re not the only ones who think so. Take a look at the rental inventory in various local geographies… Fairfax County – 1,743 homes for rent. That’s a LOT. Arlington County – 506 rental listings. Loudon County – 542 rental listings. Prince William County – 616 rental listings When we take a closer look at smaller locals and neighborhoods, we can see where these rentals are clustered.
For example, in Prince William County, the southern end of the county has a huge number of rental listings, especially in the area from Dale City to Woodbridge. Landlords and investors can take advantage of the market opportunity with some of the many landlord programs Management Pros offers. From our 29 Day Rental Guarantee to our Eviction Protection Program, we help landlords handle their property with no hassel. On the other side of the spectrum, we can help place renters. The rental search section of our website is always one of the most popular resources.
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