 Vacancy rates (by GKARL [PA]) Jun 18, 2024 2:49 PM
 Vacancy rates (by Oreo [WI]) Jun 18, 2024 3:19 PM
Vacancy rates (by NE [PA]) Jun 18, 2024 3:26 PM
Vacancy rates (by GKARL [PA]) Jun 18, 2024 3:30 PM
Vacancy rates (by GKARL [PA]) Jun 18, 2024 3:46 PM
Vacancy rates (by WMH [NC]) Jun 18, 2024 4:13 PM
Vacancy rates (by GKARL [PA]) Jun 18, 2024 4:29 PM
Vacancy rates (by Sisco [MO]) Jun 18, 2024 4:32 PM
Vacancy rates (by 6x6 [TN]) Jun 18, 2024 6:50 PM
Vacancy rates (by Oreo [WI]) Jun 18, 2024 7:57 PM
Vacancy rates (by zero [IN]) Jun 19, 2024 8:25 AM
Vacancy rates (by PG [SC]) Jun 19, 2024 8:30 AM
Vacancy rates (by GKARL [PA]) Posted on: Jun 18, 2024 2:49 PM
Message:
This is an interesting link. My own area has nearly an 8% vacancy rate for 2024 vs a 5.5% rate for 2023. In addition, over half of renters are considered to be cost burdened and this increased a few points over 2023 as well. The latter is defined as paying over 30% of income towards rent. This may explain the difficulty some of us are encountering in renting our places. Here's the link:
constructioncoverage.com/research/cities-with-the-highest-rental-vacancy-rates#:~:text=These%20trends%20are%20reflected%20at,areas%20and%20all%2050%20states. --209.122.xx.xxx |
Vacancy rates (by Oreo [WI]) Posted on: Jun 18, 2024 3:19 PM
Message:
GKARL:That should bode well for LLs with rooming houses or renting rooms. --75.11.xx.xx |
Vacancy rates (by NE [PA]) Posted on: Jun 18, 2024 3:26 PM
Message:
GKarl, looked last night online at my competition. There’s one other rental available in my ZIP Code. One! A three bedroom two bath trailer in a trailer park for $1350 a month. So I basically have zero competition and I can’t give it away. Strange times. Strange tenant pool. --174.240.xxx.xxx |
Vacancy rates (by GKARL [PA]) Posted on: Jun 18, 2024 3:30 PM
Message:
Hi Oreo,
I think this could be a two edge sword. I think if rents drop a lot, I may have to drop them in the rooming house also, but if folks remain cost burdened, that's favorable for rooms. --209.122.xx.xxx |
Vacancy rates (by GKARL [PA]) Posted on: Jun 18, 2024 3:46 PM
Message:
NE, like I said in the other string, yours is a cautionary tale. I think other LLs are flexing requirements to stay rented but I also think they experience higher levels of evictions and damages which is more expensive than dealing with a vacancy. If you and I are encountering this, other folks have to be as well but it's early yet and no one fully appreciates what's going down. I think you need to just cash out of this particular place. --209.122.xx.xxx |
Vacancy rates (by WMH [NC]) Posted on: Jun 18, 2024 4:13 PM
Message:
I'm happier and happier we have tiny houses instead of big family homes that we have maintain. --173.28.xx.xxx |
Vacancy rates (by GKARL [PA]) Posted on: Jun 18, 2024 4:29 PM
Message:
WMH,
I feel the same way with rooms and studios. First benefit is less people and the second is easy turns. --209.122.xx.xxx |
Vacancy rates (by Sisco [MO]) Posted on: Jun 18, 2024 4:32 PM
Message:
Available for rent and not leased? Or
Unoccupied (maybe leased)
Under construction
Under remodeling
Unpaid rent
I wish these writers would define their terms. --149.76.xxx.x |
Vacancy rates (by 6x6 [TN]) Posted on: Jun 18, 2024 6:50 PM
Message:
Sisco, that's the problem with all of these statistics and study's. There are too many variables and unknowns, and usually only involves a small group compared to the whole. --76.129.xxx.xx |
Vacancy rates (by Oreo [WI]) Posted on: Jun 18, 2024 7:57 PM
Message:
I hear you GKARL! Someone posted on Next Door Neighbor about their rent increase. Then we all asked what she was paying. For a 3 bedroom she was paying the same amount that 1 bedrooms around her are going for. LL's responded with the costs of upkeep and every increase LL's experience exponentially. It will be interesting to see where rents go.
--75.11.xx.xx |
Vacancy rates (by zero [IN]) Posted on: Jun 19, 2024 8:25 AM
Message:
I just need to complete this rehab so I can see what the market is like in my little part of the world.
It's a small 2/1 with a carport. In the past I had a waiting list for my places. Right now I have a couple of tire kickers, but I have not advertised either. --107.147.xx.xx |
Vacancy rates (by PG [SC]) Posted on: Jun 19, 2024 8:30 AM
Message:
Rents finally went up in my little town of about 5000. No growth mostly rural area.
SFH - 2x1 with office - B+ - Good neighborhood - 2023 $675 - May 2024 $800. I was asking 850, about where the comps were. I went with the 800 because the rent pool was terrible - Only 2 of 25 passed the prescreen. --75.182.xxx.xxx |
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