Independent landlords retreat from Northern Colorado housing deals.
Retrieved on:
Thursday, October 6, 2022
While housing prices have increased at a steady pace, monthly rental income hasn't kept up for Northern Colorado landlords.
Key Points:
- While housing prices have increased at a steady pace, monthly rental income hasn't kept up for Northern Colorado landlords.
- "It did not come as a surprise to learn independent landlords here in Colorado are pausing their portfolio growth efforts, based on our report.
- "If local housing prices flatten or decline, I anticipate independent landlords will be quick to start growing their portfolios again.
- In the current climate with rising interest rates, they gain an advantage since independent landlords aren't confined to financing with conventional mortgages.