Throughout the city we have seen a very consistent appreciation in rental prices of about 3-4% for several years. The secret has been out for years that Charlotte is one of the nation's top investments for real estate rentals and we have continued to see investors gobbling up properties. The rental appreciation is important for the investor because this is a hedge against inflation that you do not find in many other investment opportunities. However, last week an article was published that shows a decline in rental prices in Uptown Condos. This is due to a saturation and built in expectation of impending saturation of more Uptown condos and nearby multi-family apartments.
Why is all of this important? The old adage is as true now as it ever has been: location, location, location. Real estate rental investment in Charlotte remains one of the best opportunities for your money, but before you invest, please make sure you are using an expert buyer's agent and property manager to advise you on both cash flow and expected appreciation.