Rental Property Owner & Real Estate Investor Podcast EP411 Why We’ll Continue to See Higher Rents Across the Country with Eric Garrett
There’s a lot of speculation right now about the state of the real estate market and the outlook for multifamily apartments. Will we see a steep drop in value, or will sales pick back up once interest rates stabilize? And what direction will we see rents go?
My guest today believes we will see a rise in demand for multifamily housing along with higher rents. As a builder, developer, and investor, he’s in a position to know.
Eric Garrett is the Founder and CEO of The Garret Companies, ranked as one of the fastest-growing privately held companies in America. Since 1999, Eric has owned, developed, and delivered over 73 projects in 17 states totaling over 16,000 units and in excess of $3.5 billion in valuation.
Today Eric discusses the type of apartment developments he builds, what he looks for in his site selection, and how he’s able to control costs by controlling his labor and material supply. Eric will also share why he believes the simple supply and demand equation will lead to higher rent increases.
Find out more:
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.