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Updated 12 months ago,
monthly rental in fayetteville, AR cash flow?
Is anyone familiar with the monthly rental market in Fayette, AR and how many months a year the average property is rented? Alternatively, if it's rented to students on a 9 month lease, does it usually cash flow? Thanks in advance
@Jade Lindquist the best data, in my opinion, is presenting in the Skyline report. I can email you a copy if you DM me your email. Our student rentals are done on a annual basis, and it is very important for the leases to either end and begin in may or August. The big apartment student housing does 9 month leases often. If you wanted to do that, I would just factor the missing months and spread it over the 9 months. We are still at 2% vacancy and 9% annual growth. So, there is still room to go up on rents. We are seeing we have to in order to keep up with the new cap ex, and maintenance expense.