Preferred Residential

Update:  Both houses have been rented. Whether you are looking for a house in Bend or one in Redmond, we’ve got you covered.  Both houses listed for rent yesterday will be available April 1st. The house in Bend is on the east end of Revere in a nice quiet neighborhood just down the hill from [… Read More]

Last week I wrote about how strong the rental market is in Bend right now.  I imagine that there were a few people who read that post and thought, “That’s all well and good but what about some real examples of how strong the market is?”  Well, I have some for you now. Late Tuesday we advertised [… Read More]

The news for investors who own rental property keeps getting better.  According to Moody Analytics, demand for rentals is expected to remain strong for at least the next two years.  They cite the foreclosure crisis, an uncertain economy and fear of making a bad investment as influencing people to choose renting over buying. While Moody’s data is [… Read More]

The National Association of Realtors recently released results of their 2012 Investment and Vacation Home Buyers Survey.  It was a voluntary survey of more than 2,200 home purchases completed in 2011.  The results show that sales of existing and new homes in 2011 for investment and second home purposes rose to the highest level since [… Read More]

We have been writing about a strong rental market here in Bend for almost a year now.  Homes are being rented almost as fast as investors can buy them and fix them up.  The property management side of Preferred Residential has had no problem filling homes with qualified tenants either.  In fact, I can’t remember [… Read More]

The Oracle of Omaha, Warren Buffett, sat down for an extensive interview with CNBC last week to share his views on the economy and investing.  It is was a very long interview with the transcript running 73 pages but there were some interesting tidbits that came out of the interview regarding real estate.  Buffett has made [… Read More]

3/13/12  Rented!!!! 3/5/12  New Price!!!  $950/month Before you give up check to see if we have any other houses for rent.   We have a house coming availble the first week of March. It’s located in Elkhorn Esates in SW Bend. Single level 3 bed, 2 bath. 2 car garage, fenced back yard. Nice open [… Read More]

Each January the Central Oregon Rental Owners Association (COROA) publishes the results of their annual member survey.  The survey is not scientific but does offer some insight into the Central Oregon rental market.  This year there were 175 responses to the survey compared with 199 in 2010.  Bend, Redmond, Madras, Prineville, La Pine, Sunriver and Sisters [… Read More]

  Capital Economics is reporting that for the first time in 30 years the median rent payment is the same as the median mortgage payment.  Do you think this indicates that now is a good time to buy?  Absolutely.  There are certainly many factors that go into a decision to buy a home but one [… Read More]

I found an interesting article today that suggested that renters are the next victims of this housing market.  Although the article is focused on larger markets we are seeing similar activity here in Central Oregon.  The rental market in Bend is tight.  When we have a new house for rent we usually have more than one [… Read More]