Chicago, IL (PRWEB) January 24, 2012

With everyone from news outlets to Morgan Stanley telling investors that rental real estate investment is one of the smartest assets to add to their portfolio right now, there is increased interest from consumers about becoming a landlord. Due to their low pricing, distressed and bank-owned properties in particular look attractive to real estate investors.

However, for a foreclosed property to become a positive, cash-flowing real estate investment theres more to it than buying a property at a great price. In fact, price is not even the most important criteria to a successful real estate investment property. According to James McClelland, CEO and president of MACK Companies, at the heart of every successful real estate investment is a great tenant.

This might seem counterintuitive to the novice real estate investor, but when we look for places to invest in properties we always begin with the tenant in mind, said McClelland. A real estate investment works when you have steady, dependable income. And the best way to get that is by having excellent tenants.

McClellands Tinley Park, Ill.-based company is the nations premier provider of single-family, turn-key investment properties and the largest owner of single-family investment properties in the Midwest. The company has grown to that status by adhering to a strict AAA+ investment strategy A properties in A locations with A tenants create positive returns. For more than 14 years, MACK Companies has specialized in redeveloping distressed single-family properties in Class A neighborhoods within Chicagos south and southwestern suburbs, then leasing the homes to A-quality tenants after a rigorous screening process.

Currently, MACK Companies has a tenant waiting list more than four months long. To achieve that same rental demand for your investment property, McClelland suggested the following:

Invest in great areas

McClelland said there are a couple key factors to determine if your future rental property is in a great area that would attract excellent tenants.

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Miami, FL (PRWEB) January 25, 2012

Downtown Miami Brickell corridor is by far the most advanced in the Florida real for real estate boom that occurred from 2005 to 2009 large, said Kevin Dickenson with Prudential Florida Realty. In 20 blocks of the city, developers built 62 towers condominium with 17,502 units at a cost of $ 10 billion dollars according to the report on the market from 2011 ISG related.

One of the developments just

, Icon Brickell, which represent over 10% of the inventory of new downtown condominiums. The icons are beautiful promenade $ 1300000000 luxury condominium project with 1,800 units built in 2008 by billionaire Jorge Perez’s Related Group and designed by Philippe Starck. Three iconic 57 story tower located on 10 acres adjacent to the Club of Miami, Miami River and Brickell Park with views of Biscayne Bay are unmatched.

When the market turns, Perez has lost two towers at HSBC Bank in May 2010. Banks formed at the headquarters of the site and sell all the units sold in 1276 to just 18 months. The analysis of the last 56 units sold at an average of $ 463 icons per square foot, said Dickenson.

inventory levels

September 2011 for some of the major cities in South Florida are shown below.

Downtown Miami Brickell is 85% sold out with only 2897 units left.

There are 26 new towers are built in South Beach and Miami Beach area and 77.12% are sold with only 674 units left

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Aventura, 10 towers were built by 1698 and 93.7% of condominium units are sold with only 107 units left

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Bal Harbour

has only two new towers with 725 condominium units and 84.83% are sold with only 110 units available

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Sunny Isles, 11 buildings with 2264 units and this area is 92.93%, with only 160 condos sold the remaining

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There are nine new towers in the area Hallendale / Hollywood with a total of 2238 units and this area is now 95.67% sold out. The remaining 97 units in all Trump Hollywood.

Greater Fort Lauderdale 5135 units were built and sold this area is 96.22% with only 194 units remaining developer

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Miami and Fort Lauderdale is the first city for the incident and it is now clear that the area has recovered and prices are rising, said Dickenson. Construction cranes on the horizon and developers Miamis bet that stocks will once again be consumed with a much higher price

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Miami is an international destination and this is the key to a quick recovery, said Dickenson.

Genting Malaysia also bet on Miami with the Miami Herald recently acquired the building for $ 236 million. Genting Group is planning to build the largest casino in the world at a cost of more than $ 3 billion. KT Lim, Chairman of the Genting Group has said, this is not just because it’s cheap, I believe that the potential market shot in Miami is better than anywhere else in the U.S.

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http://www.kevindickenson.com Kevin Dickenson is a Palm Beach real estate agent specializing in commercial and residential buildings from Palm Beach to South Beach

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