Los Angeles (PRWEB) August 31, 2010
Almost one-third (31%) of independent landlords plan to buy additional rental property by the end of 2012, according to a survey released today by The National Association of Independent Landlords.
The top reason, cited by 68% of those planning a purchase, is that current prices make rental real estate a good investment. Other reasons include pricing low enough to allow them buy a retirement home (8%) or a vacation home (8%) that can be rented out to earn additional income until needed.
“With property prices still beaten up in many great areas – Las Vegas, Florida, Arizona and California – our members see this as a good buying opportunity and a smart way to beef up their property portfolios,” said Tracey Benson, president of The National Association of Independent Landlords. “Low interest rates are just icing.”
Most respondents (73%) say real estate is a good way to fund their retirement.
Nationally, housing prices and sales are mixed, with some areas having bottomed out and others in for further depreciation.
“It’s not like all uncertainty has been erased from the market – far from it. But buyers who do their research can find deals that really make economic sense for them,” Benson said.
The National Association of Independent Landlords polled 507 members from Aug. 24 to Aug. 26, 2010.
About The National Association of Independent Landlords
The National Association of Independent Landlords is the country’s largest provider of services for small landlords. Services include credit reports, electronic rent collection and tenant screening as well as information about property management, rental laws in all 50 states and other issues critical to property owners.
For further information, please visit http://www.landlordassociation.com or call 1-800-352-3395.
Sharon Bially, 508.655.2676