FBS Rent Sense Points to Recent
Fannie Mae Latest Economic Outlook as additional proof supporting their
projections being emailed to their clients
3rd Quarter FBS Property Newsletter for
Independent Rental Owners & Serious R.E. Investors
“ All Economic Indicators Look Good for Long Term
Ownership in Certain Regions of the U.S.”
by Neil Fjellestad and Chris DeMarco
Fjellestad, Barrett & Short (FBS)
FBS has over four decades of real estate experience. This
experience and expertise gives us a unique perspective which is
straightforward, direct and transparent. Well located real estate should be
owned as a long term investment since it is the safest, most productive method
for average people to build wealth. We also believe that property should be
kept rented in order to make long term ownership possible since rent collected
is helping to keep the property well maintained and paying down loan principal.
Eventually the property will be debt free and the rent can become an excellent
safe source of additional retirement income for the investor. We have taught
and utilized this realistic “real estate doctrine” for decades while keeping our
clients on track with comprehensive advisory services and “best
practices” property management.
While the forecast for the economy is positive, the outlook for the
housing market has deteriorated as housing activity lost momentum and
near-term indicators only suggest minor improvement, Fannie Mae said in
its latest economic outlook report.
“The August outlook
supports our expectation that the economy will grow in the second half
of the year at slightly above trend and push full-year growth into
positive territory, albeit still weak by historical standards,” said
Fannie Mae Chief Economist Doug Duncan.
But when it comes to
housing’s contribution to the economy, Duncan said, “We have downgraded
our outlook following the disappointing housing activity seen during the
first half of the year.”
“In the first six months of the year,
total sales have run below last year’s pace,” Duncan said.
“Additionally, on the demand side, there appears to be a conservatism
among consumers and their willingness to take on big-ticket purchases,
such as homes.”
And next year does not look to be too much better.
“We currently estimate that 2014 will finish lower in total sales
figures than 2013 – and that 2015, while stronger than 2013 and 2014,
will not be the breakout year some are expecting,” Duncan continued.
housing’s lack of contribution to the overall economy, improvements in
consumer spending, inventories and employment helped support an upward
revision in growth expectations to approximately 3% for the second half
of 2014, raising the forecast for all of 2014 by four-tenths to 1.9%.
If you’re a local rental owner now you hold a winning
ticket if you want a preferred retirement. A preferred retirement includes a
personal residence plus rental properties held without debt and managed by
professionals. This financial condition allows you some important lifestyle
choices where you live and how you live. The ONLY challenge according to Warren
Buffet? Comprehensive and constant professional management of your rental
business. The solution in San Diego is complete property advisory and
management services by FBS.
Please shop and compare; not just price but services and
expertise. We have built a healthy San Diego business out of advising
independent real estate investors, acquiring and managing rental properties for
clients while providing superior housing alternatives for qualified renters.
We’ve accomplished all of this daily for longer than four decades and currently
operate rental properties (houses, condos, apartments and commercial) in 69 zip
codes throughout the region.
Our renters can view available
rentals, apply and pay their rent online. In addition, professionals
will give them personal attention to walk the property, attend to needed
maintenance items, review leasing documents and move-in. This is modern
customer service required when rent is the #1 household expense. Our
independent rental owners have their own personal portal where they are
kept in the loop on all financial elements of their important real
estate investment. In addition, a team of professionals advise on real
estate decisions while managing every detail of the rental property.
Please visit us now. Our mobile version will come up if you visit us
from your smart phone or pad www.fbs-pm.com