@@jasonburds Regarding vacancies, how do you go about predicting the rental market in your area and if rentals are a worthwhile investment in your home town/city? Is there a way to scope out if your unit will draw renters in before investing? Thanks ahead of time!
@@TardyTaz absolutely. You can start by searching what's available to rent via Zillow, craigslist, FB etc. See what other apartments look like (quality and condition) and note the price. You can also get a few free estimates on rentometer.com to see what apartments with X number of bedrooms rents for a given address. You can read on tenant forums on FB, neighborhood forums or maybe even reddit for your area to see what tenants are saying. Lastly, after doing a little homework and being able to hold a conversation on the topic, I'd give a call to a real estate agent or appraiser in the area and get their general feel for the market. What are residential vacancies like in X town? What are the most in demand apartment sizes (bedrooms/bath counts) etc. Hope that helps as a place to start. Happy to help further if you shoot me an email. militarybottomline@gmail.com
@@jasonburds Really appreciate the quick, well thought out response. I'm a year and a half away from EASing still but I'm trying to get a solid game plan built in the meantime. Going to do my best to keep an eye on the market (both buyer's and renter's) until then. Truly appreciate the advice!
![Sale: 3 Beds - 1 Bath - 1023 sq ft - Hampton - VA [$234,900] MLS #: 2420349](http://i.ytimg.com/vi/SEAm-BNMmR0/mqdefault.jpg)
Well somebody got to work fast! Keep it up sir.
Lol. Vacancies are expensive!
@@jasonburds Regarding vacancies, how do you go about predicting the rental market in your area and if rentals are a worthwhile investment in your home town/city? Is there a way to scope out if your unit will draw renters in before investing? Thanks ahead of time!
@@TardyTaz absolutely. You can start by searching what's available to rent via Zillow, craigslist, FB etc. See what other apartments look like (quality and condition) and note the price. You can also get a few free estimates on rentometer.com to see what apartments with X number of bedrooms rents for a given address. You can read on tenant forums on FB, neighborhood forums or maybe even reddit for your area to see what tenants are saying. Lastly, after doing a little homework and being able to hold a conversation on the topic, I'd give a call to a real estate agent or appraiser in the area and get their general feel for the market. What are residential vacancies like in X town? What are the most in demand apartment sizes (bedrooms/bath counts) etc.
Hope that helps as a place to start. Happy to help further if you shoot me an email. militarybottomline@gmail.com
@@jasonburds Really appreciate the quick, well thought out response. I'm a year and a half away from EASing still but I'm trying to get a solid game plan built in the meantime. Going to do my best to keep an eye on the market (both buyer's and renter's) until then. Truly appreciate the advice!
@@TardyTaz smart move! Start as early as you can. Happy to help.