Lots of rentals available in target area. Is this a concern?

[Corey Slaughter]

There appears to be lots of rental options for single family homes in my target area. Is this something I should be worried about? If so, how much? I got this image from trulia.com. I'm looking for a house hack converted to a rental when I move out in Royse City, TX.

[Trent Stone]

All that matters is supply vs. demand. If there is insane demand, then don't worry at all. If a giant Amazon plant just closed or something, then yeah, run for the hills. How long have those rentals been sitting? If nothing has been sitting longer than a month, then you're golden. If those have all been sitting for a year, then yes, be concerned. What I did when I first started investing was to contact 5 property managers and ask them for market specifics about the type of rental I wanted in specific areas. I quickly learned who was a good manager and I got invaluable market knowledge for free. I HIGHLY recommend doing the same thing, they will tell you exactly what the rental market looks like for your property. Good luck!!!