Hey Everyone
I am looking to purchase a few rental properties and I wanted to know is there anyway to determine that an area has lots renters?
When the city gives a property tax discount for owner occupants.
Drive through the area and look for “For Rent” signs. You can also look in the “For Rent” section of the classified ads to see where the rentals are located.
Good Luck,
Mike
Another way is to go to a realtor or property manager as a prospective tennant and ask to see the multiple listings for rentals. Ask for “comps closed” and compare to current listings to see just how much the homes are getting rented for and how long they are on the market.
I also get stats from my title company - rent rates, rate changes Y-O-Y, etc… If you work with one on a regular basis, this is information they can give you.