Anyone have any insights on Multi-family investing in Amarillo?

[Franky Na]

Hi All,

Does anyone have any insights on Multi-family investing in Amarillo Texas? I am looking to buy a multifamily property that primarily has studio apartments. Would it be easy to rent out? How's the tenant quality? How long would it take to rent out? How's the economy doing? Pros and Cons of the city would be greatly appreciated!

[Brandon Stewart]

I run Blaze Real Estate a property management company in Amarillo. The economy is strong here. The rental market has slowed in recent months but expected in winter. Our market picks up in March. We have many efficincies under management with a ~10% vacancy rate with prices ranging from 485-625 depending on location property quality and amenities. Feel free to call my office and speak with me if you want to look deeper.