Is now the time to become a landlord?

As Featured in the Seattle Pi

Written by Aubrey Cohen

Image Courtesy of the Seattle Pi

Cohen's article about rising rents in Seattle says, "In the condo market, individual investors are competing with bigger players, according to Dean Jones, principal of Seattle-based Realogics Sotheby's International Realty. 'We're working with several private funds that are aggregating condos in preferred buildings,' he said via email. With the combination of prices, interest rates and rents, he said: 'It's a great hold while condo values rise.' A recent article in Realogics' magazine, "The Collection," boasted: 'Foreign investors are discovering that Seattle offers compelling returns on income property while providing a favorable currency exchange rate and portfolio diversification, as well as opportunities for immigration and financial safe harbor in one of North America's most dynamic gateway cities.'"