Questions for Birmingham Alabama investors

Investor · Houston, TX · Member since 2016 · 19 posts · 3 votes

I am considering picking up two properties in Birmingham Alabama, 35221 area. How fast/slow are you seeing things rent in the C and D neighborhoods? Does anyone have an approx. vacancy rate for their rental properties in 35221 or surrounding areas?

I have feedback from realtors and property managers in the area but I would like another investors input - ideally, someone who is familiar with the area.

Any and all input is always greatly appreciated.

- Steve

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Spencer SuttonBusiness Member
Investor · Birmingham, AL · Member since 2015 · 119 posts · 148 votes
9y
This is going to be a D neighborhood, in my opinion.
From our experience, you can rent a house in these neighborhoods fairly quickly (average 3/4 weeks) as long as you don't have a product or price issue.
Product - your house needs to be in good condition
Price - you should be asking for market rent
If either one of these is off, you will either have little to no showings (price issue), or you will have people look but not fill out applications (product issue).
Best of luck to you!
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Tiffani Baggett
Rental Property Investor · Birmingham, AL · Member since 2016 · 97 posts · 51 votes
9y
Hi Steve Bale I agree with Spencer Sutton , everything he said is true. I don't own property there but my boyfriend grew up here for 30+ years... it's definitely a rental only area and a lot of new developments happening soon. Hopefully this area gets up from D status.
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Steve Bale
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Investor · Houston, TX · Member since 2016 · 19 posts · 3 votes
9y
@Tiffani Baggett, @Spencer Sutton - Thank you, for your input. You confirmed what I intuitively knew to be true.
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