Thinking of using rental income as a plan to retire
Lately many of the folks I come across are thinking of and acting on having a couple of rental homes as a second source of income to their retirement income. Does that sound like you—well know you are not alone. A Harvard University recently published a report of the rental market in the United States . This study included rental-market trends over the last decade and predictions for the next ten years. One of the most surprising facts from the study is that renting a home has become a more common option for almost all types of Americans. These are some of the results found in the report: The number of renters increased for people with all levels of household incomes. The number of renters increased for single people, couples, and parents with children. The number of single-family houses that have been converted to rental units also increased. Rising Rent Costs in Most Cities This housing study also looked at America's largest rental markets. Three ou...