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San Francisco is among the most popular cities in the US, which is why it is not surprising that a million dollars could only give you a home that costs way low if situated in other cities. The prices of homes in the city are high, and many realtors take advantage of those.
One practical approach to living in San Francisco without blowing up a big chunk of one’s funds is to rent an apartment. If you are a landlord who has several doors for tenants, you certainly have the advantage. An article from SF Examiner talks about the surge in rent prices:
These are good times for U.S. landlords. For many tenants, not so much.
With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.
Among major U.S. markets, rents rose the most in Seattle in 2013, up 7.1 percent from the year before, according to Reis. The second-biggest increase, 5.6 percent, was in San Francisco.
However, you cannot be complacent just because there is an increasing demand for apartment rent in the city. You have to do your part in making the rent worth the tenants’ buck. But tenants can sometimes be careless with the unit so it is often expected to do paint jobs, fix the ceiling, do kitchen and bathroom repairs and replace faulty windows. So you have to make it a point to do periodic apartment maintenance. Consult the home experts such as the professional contractors for replacement windows San Francisco CA.
With the growing demand for apartments you can be certain that you will not be getting any void in your business. There will always be people who need to rent. That high demand is the best part of doing this business. Landlords can always avail of replacement windows San Francisco from The Bay Area Window, which installs the reliable Renewal by Andersen® window replacement brand.
(Article Excerpt and Image from Growing demand for US apartments pushing up rents, SF Examiner, April 3, 2014)