Landlord Friendly States
Danielle Davenport
Davenport Group | RE Portfolio Management Entitlement, Development, and Investment. Offering Land Acquisition & Use Consulting, Disposition. Site(s) Selection to Build Out to Asset Management.
1. Texas
With high demand for rental properties, cities that are drawing in younger populations, and favorable rental property laws, Texas is considered among the best states for real estate investing. In Morris Invest’s words, “Texas?offers outstanding real estate?investment opportunities . . . the state has steady population growth, and offers a thriving economy and job diversity that result in reliable rental income.”
2. Alabama
As an affordable state with a low tolerance for lease violations, landlords are likely to earn a monthly profit on their rentals in Alabama.
3. Indiana
With affordable prices of homes and apartments, plus moderate rent prices, landlords benefit from favorable price-to-rent ratios in Indiana.
4. Colorado
With growing cities and an?expanding population?of young people, Colorado is drawing in many renters willing to pay high rent for updated properties and those in appealing locations.
5. Florida
Florida has one of the highest rates of renters of any state, as well as an expanding population.