From sunny Southwest Florida's Herald Tribune, we have Area's higher-priced rentals harder to fill.
Realtor Ronald A. "Ron" Cornette serves as rental division manager for Wagner Realty in Bradenton.
The Wisconsin native attended Northwestern University and has been a Bradenton resident since 1971. He has had his Florida real estate license since 1978.
Q: Are landlords surprised that the recent increase in prices for the purchase of real estate do not translate into higher rental incomes?
A: A skilled and sophisticated investor doesn't expect rent to cover expenses.
Weep, weep in your graves, Graham and Dodd, for these fools have defined a "skilled and sophisticated" investor as someone who loses money on a monthly basis!
What kind of "investment" does not cover carrying costs? In fact, any shrewd investor knows that what matters is the yield after expenses (on a risk-adjusted basis.)
Some days it just doesn't pay to read the newspapers!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment