Out-of-state landlords seize the Des Moines metro

Illustration of apartment doorbells with an intercom shaped like a dollar sign.

Illustration: Brendan Lynch/Axios

Rental properties across the metro have become a hot commodity for out-of-state investors, real estate and housing officials tell Axios.

Why it matters: It's a factor in higher area rents, advocates for low-income families contend, though some local realtors say the investments contribute to the local economy and can lead to property improvements.

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