Boston Globe reports area rents increase 4.2%

Today, the Boston Globe reported that area's rents up 4.2% in one year. See article here: http://www.boston.com/business/articles/2008/10/29/areas_rents_up_42_in_one_year?s_campaign=8315

They cite a particular statistic of 3rd quarter 2007 metropolitan area rents being $1592 and the 3rd quarter 2008 rent is $1659. This is specifically tracking buildings with 40 or more units.

I'm not sure if owners of two-families or three-families are seeing this increase from my latest rental work but it definitely seems things are busy and people are always looking for a good place to rent.

Maybe this is another good reason to become a landlord? Call me (617 784 8635) and lets talk about buying up some of these foreclosures or working our way through some short-sales. They can test your patience and persistence, but finding a great deal always feels good.

Or rent this below proeprty if you aren't quite in the buying mood yet:

Adams Village location, third floor apartment looking for quiet tenant to enjoy this 2-bedroom, 1 bath, recently renovated, great light, granite/stainless kitchen, washer/dryer in unit. Asking $1350 with First, Last, and some Security.

Call today, won't last.