What was already an off-the-chart high rental demand is even more so and our year-over-year rent price increases are second in the nation.

Those are great options as demand should continue to increase as the area expands and in turn, more jobs soar in.

Colorado Springs’ strong local economy and population growth, combined with low mortgage rates, have fueled the demand for housing and driven up prices, local real estate agents have said.Of other Colorado metro areas in the report, Denver-Aurora-Lakewood saw a fourth-quarter increase of 5.7% compared with the same quarter in 2018.

A decent chunk of these workers should be renters and that should increase demand for rentals/possibly drive up rent.

@Mike Sola I understand your point about supply and demand.

Once you start placing companies in your home they will start using you when they have a demand.

I know those for decent buildings at in-demand locations are unicorns.   

Top 5 Metros Attracting Renters From ElsewhereDenver:           48%Baltimore:       47%San Diego:       44%Tampa:            44%San Francisco:  44%And, the Not So Good Top 5 Metros: Where Renters Are Looking To LeaveOrlando:           50%Riverside, CA:   50%Detroit:            47%Chicago:           43%Charlotte, NC:   41%Source: Apartment ListSee more at: https://www.american-apartment-owners-association.org/property-management/latest-news/here-are-top-cities-where-renters-are-seeking-move/A little commentary...chasing demand isn't a recommended investment strategy. 

Hi all, As a new investor, I was curious to know how you all assess how strong is the demand from tenants for rental in a given area.

If the compition demands a higher refurbishment (counter tops, and cabinets) then do that, but just a refresh on this unit (from the pics) looks like paint and LVP might be enough.I'd leave the cabinets and counter tops brown (unless competition dictates redoing them).Also a daylight bulb in the kitchen of the highest wattage the fixture will hold might make the area look better when you show it.The less income the resident has, the more bulb wattage they seem to like in the kitchen (they cook at home more).Good Luck!