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Tuesday, December 12, 2006

Landlords in best spot to cash in...Tampa, Fl

Landlords in best spot to cash in...

One part of the residential real estate market isn't shedding tears in its beer: apartments. The Tampa Bay area is on a pace to be the 13th-hottest U.S. market for rents over the next year.

Boston's Property and Portfolio Research predicts rents will rise 7.3 percent, faster than anemic single-family housing values. Why? Condo conversions constricted supply. Renters might have better luck leasing a house. With thousands of unsold investment homes on the market, owners are, how shall we say it, motivated.

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