Concord Rental Market?

[Tony S.]

Any investors currently owning rental in Concord, NC?  If so, what are you typically getting for rent for a 1 bed/1 bath or 2 bed/1 bath?  How long does it typically take to put a tenant into the property?  Is there a high vacancy rate?

I have a rental in Gastonia and one in Kannapolis, but any reference points for Concord would be greatly appreciated as I am thinking of branching out into that market. Thanks!

[Chris Puckett]

Hey Anatoly I own and manage several in these areas. Rent can vary in Concord depending on location, but regardless, I have never had a hard time placing tenants, Market is extremely strong. I've seen rates on 2 bed SFR in Concord from $675-$750.