The rental market in Seattle has been hot for some time. Investors are snatching up buildable lots in Seattle and rentals are hard for tenants to find. I came across this article regarding whether one should purchase rental property. I found the preamble interesting:
There is, however, one bright spot: the rental market, where demand is up and rents are rising. That’s partly because those foreclosures have turned more than 4 million former homeowners into renters, but also because many other prospective homeowners, worried about losing their jobs or housing prices falling a lot further still, are reluctant to buy now.
But the body of the article was also interesting in deciding whether to invest in residential rental real estate. If you are interested in buying a Seattle rental property contact a real estate agent. Ewing & Clark, which I linked, not only represent buyers and sellers but also manages properties.