Robert J. Gaffney-Leisure Land and-Properties Realty

I recently saw an article in my local newspaper which let's potential renters know landlords are dropping rental prices dramatically. Obviously, due to the fact potential renters are not renting at the moment. On the same turn of the coin it mentions in good towns like Montclair, Cedar Grove and Caldwell there going fast. Which tells me potential renters are renting units quickly. Now come on folks, this is the real estate market, just like the stock market it has it's up's and down's. I've been selling and renting real estate for almost fifteen years and the towns mentioned that are doing well have always done well. In this economy people are looking for the best bang for there buck, "nothing new". Renters are looking for as many free services as they can get, such as free garbage pick up, all utilities included, use of yard space, etc.....  Now, the reason these towns are still doing well in this economy is school systems, good public services and easy access to transportation, especially transportation with the never ending threat of higher gas prices.

People are still looking for the same ammenities they have always been looking for. The dark cloud that has fallen over everyone these days is the rising fear of losing your job from one day to another. This has become the main pitfall that landlords and potential renters have been hit with lately, not the location. Remember the the three L's in real estate, location, location, location. It still carries the same meaning today.