The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.
The city of Colombo is where the economic future of the country is being decided on a daily basis. In fact, neighborhoods besides the Galle road seems to be flourishing with plenty of new businesses from local as well as foreign investors. Many BPOs and KPOs are located within the heart of this city and jobs are far easier to find compared to other parts of the country. Because of this, properties for rent in Colombo, such as a fully furnished house for rent, annex for rent in colombo or rooms for rent for rent in colombo, is a common sight throughout the city. As such, when it comes to leasing, the properties in Colombo for rent are some of the best, found in Sri Lanka. Whether it is a luxury house in a residential area, an apartment, a land or a commercial space, there are numerous options available for a prospective tenant who is on the lookout for an affordable rental property.
This week a small Tampa, Florida-based builder, ERC Homebuilders, is launching a "soft" IPO, hoping to raise $100 million to build more than 1,000 rental homes across the state. It is offering investors private shares using Regulation A+, a form of investment crowdfunding that allows small companies to raise limited funds from the general public. Accredited and nonaccredited investors can participate.
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