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Re: Fair Rental Value
by John Farmer (Florida)
on October 21, 2014 @14:05
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When you look for deals, what is your process?
What is your usual vacancy rate?
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Re: Fair Rental Value
by Monica (Ohio)
on October 22, 2014 @01:24
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I look on the MLS (realtor listings) I enter certain criteria that meets what I am looking for.
My vacancy rate this past year or so has been very low, it never has been high for us but we provide nice single family homes in nice areas. From what I understand there isn't a huge list of available homes in the rental market. I would guess my vacancy rate to be about 2% maybe. I have one empty out of 27 at the moment. Previous renters call for my homes wanting to come back, some current renters have moved into another home that I have available at the time, while that fills a vacancy, it opens another one. I just had a tenant upgrade into another home I had just come available. It was empty for only 2 weeks.
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