It looks like its a good time to start renting out your other home.
The market is crazy right now but there are alot of people looking
for places to rent.
Quote:
Whether they're waiting out the housing storm, or smack in the middle of it, an increasing number of Americans are choosing to rent, not own. And that's good news for landlords and investors.
Foreclosures and risky lending have dogged the housing market. As lenders have tightened their standards, attractive mortgages have grown harder to come by. Yet rental fundamentals have remained strong, especially in the 10 areas that made our list of Best Markets for Landlords.
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By Matt Woolsey, Forbes.com
Do you want to be a landlord?
As always make sure you know your states laws before you take on this
kind of resposibility. There are risks involved when taking on tenants and you must protect your investment along with making some extra cash.