20 Must Ask Questions for Every Property Investor by Margaret Lomas

Author:Margaret Lomas
Language: eng
Format: epub, mobi
Publisher: John Wiley & Sons, Ltd.
Published: 2011-11-30T16:00:00+00:00

Look for Low City Vacancies

Low vacancy rates in cities can mean that people have to look elsewhere to find rental properties. Some cities these days report 20 applicants for each available property, meaning that the 19 unsuccessful applicants must look elsewhere. Some innovative property managers have even begun holding rental ‘auctions’, leasing the property to the highest bidder! If a city is showing this type of full occupancy, with waiting lists, then it is likely that demand for rental in previously low-demand areas will increase.

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