Birmingham market Overview

[Douglas Vogel]

Interested to see everyone’s perspective of this new update I found on a multi family market overview.

Rents have increased by 4.2% but occupancy has decreased by almost 1% from 93.2% to 92.6%

Is this the start of the market correction we have all been waiting for??

Do you buy on actual rent/occupancy with a fudge factor or do you buy on what you think you can get over the next few years?

I like to buy in actual income/expenses so I k ow I can cashflow at least in the short term, which allows me to add value and keep rents stable (if it is a market correction) or increase rents if the market allows.

What is your strategy in this market?