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All Forum Posts by: MA Efron

MA Efron has started 1 posts and replied 6 times.

@ Joel Owens - Excellent link, thank you.

Yes, I'm in the same position, too expensive locally to invest, even though I would prefer having my rental(s) close by, to keep an eye on and manage as much as possible myself.

JL, sounds like you had a pretty good experience, buying out of the area. Did you research the for a while, or was the information from the agent good enough for you? You got references from other property owners who she manages properties for?

I can afford the area; I cannot afford to invest where I live.

I'm factoring the cost of a local property manager into my expenses, still works out okay. And I visit the area about every six months, so I figure I can check up on them on those visits. I know it's not perfect and I'm taking it slow, but I think it will work.

Got it. I usually don't think about RE agents having rental data at their disposal through the MLS, so I'll look for an agent who knows their stuff on the rental side. Good advice, thanks.

Since I'm not an agent and I don't live there, it sounds like I need to find a reliable real estate agent who is going to know the rental market and can show me some data. I can work on that, I don't have someone like that now. Is there anywhere that reliable data can be mined, if nothing else but to verify what the agent says?

I'm not so worried the other problems, I understand what you are saying. I want a place that will rent year round, not seasonal. I think the agent I talked to meant that when new families are rushing around trying to find a rental right before school starts (good school district), they'll rent in that neighborhood pretty quickly.

Is there anywhere to go for data on how quickly homes rent in particular rental markets?

I've been interested for some time in investing in rental properties in an area I'm very familiar with, but I no longer live there. The numbers look okay to me, but before I take the plunge, I want to find out how quickly homes rent in the area - don't want my investment sitting empty for months.

I've watched the area's Craigslist listings, for repeats, and a local management company's listings online. Of course the management company assures me that rentals go quickly in the spring and summer, but I like hard data. Is there anywhere to go to research this?