(Minimize vacancy) Renting CULTURE and Renter to Owner ratio

[Adrian Mahdian]

From Davids Long Distance book. 
"In some US areas, the tenants are mad that they are paying more to rent than to own the home.
If the prices have rised too much and they can't find a home to buy, they will become ANGRY/forced tenants. They will keep looking for a place to buy and leave your property VACANT."

1 - My question is, how do you DETECT these areas/communities? 

I was thinking maybe renter to owner occupied ratio can give a HINT! For example if home ownership is 95% it would suggest that they would feel like they would be looked down on from their community maybe, because everyone else OWNS.

Because in places where MOST people are renting , it might be NORMALIZED and hence less problematic. But that is just my guess. 

Just a crazy example, in Manhattan ALOT of ppl rent (who woulda thought...)

Is there any other ways you check to make sure renting is accepted? No flaky tenants?

BTW, if you invest or do anything in Rio Grande Valley let's connect! I am looking to go all in.

// Adrian

[Chris Davidson]

@Adrian Mahdian I think you are over thinking this. It is pretty simple to detect areas where rents are higher than ownership, expensive cities. Cheap rural areas have higher ownership (there isn't demand for rentals). 

If you are wanting to see if renting is accepted check out rental ads, watch them for a few weeks and as long as they are turning over you have a rental pool. Flaky tenants are removed by location, but by proper screening. However sometimes things don't always go as plan and life happens.

Best of luck!