In these tough economic times, best believe that once again the renter has the upper hand. Many individuals who own property they can’t sell and are instead renting it out. A lot of people who speculated on the housing boom, now find themselves in the housing bust involuntary landlords. Here is what I would do as a renter, I would look around for signs for rental deals, for rent by owner.
The best deals can be had from a desperate owner, but be aware that the individual owner may not fix items as quickly as a company that deals with apartment complexes; however, you may find that the rent for a one or two bedroom is comparable to what a private home owner is willing to take for their newer town home; this of course depends on location.
So why not make the call, landlords get saved from foreclosure and you get a nice size home.
{ 1 comment… read it below or add one }
Thanks for posting, I really liked your latest post. I think you should post more frequently, you evidently have natural ability for blogging!