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would like to invest in rental props in Orl, but cannot find the current vacacy rate?

is there stats available to the public regarding single family rental home vacancies?
Thu May 1 2008, 11:51 - Orlando - Home Buying - 6 answers
 
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Sandy
Home Buyer
in Orlando
Sandy, Home Buyer in Orlando in Orlando
Answers (6)
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Frank Filipp… was FIRST TO ANSWER
3-4%, Officially, however there are many investors who purchased condos and town homes that are for rent and they do not show up on the "official" statictics. There are also many homes for rent that further inflate the vacancy rate. Your question is not easy. You may find out more information by gioing to the HUD site and check their figures.

Sat May 10 2008, 10:32
 
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Sandy, this is very short notice but I have a rental property that just fell out after the Tradewinds auction last month. This was the best deal in Orlando this year and they are willing to let me reassign the contract at auction price of just $93k for a 2/2 to anyone who can close in 30 days. The current tenant has a lease until the end of this year and pays $930 a month. HOA fees are $187 and taxes around $2.5 year. Great neighborhood and I have about 48 hours before they give it back to the developer. Let me know if you're interested and pass the word!

Fri May 9 2008, 11:04
Web Reference: http://www.CondoMetropolis.com
 
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Hi Sandy,

Difficult to put a number to it with so many homes on the market and many are being advertised as for sale or for rent. Always a best bet to buy for cash flow with some level of vacancy built into your model. If you want to get a feel for the area, search the local classifieds for rentals. Call owners to get rates, locations and home size. That will give you somewhat of a feel for what is happening in the particular market that you are looking in. I offer my investors/buyers a 30% rebate on the purchase commission to help build some start up reserves plus advertise for their tenants for free.

Happy Hunting!

Sun May 4 2008, 14:18
Web Reference: http://www.tcatrealty.com
 
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The average vacancy rate for the Orlando environs is 6-7%

Sat May 3 2008, 13:30
 
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Hi Sandy,

Orlando is a pretty spread out metropolitan area and vacancy rates vary. As an investor myself, I am careful to select neighborhoods where the area is kept nicely and the price/rent ratio creates cash flow. NOT a simple task but they are out there.

Make wise choices!

Barbara

Thu May 1 2008, 12:35
Web Reference: http://www.orlandosfinesthomes.com
 
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FIRST ANSWER
Single Family homes have been moving quickly if under $1200-1300 per month but all based on house and location My guess on single family is a vacany rate of 5-7% We locate and obtain your first tenant for FREE when you purchase the property through us. And don't worry you have final approval on tenant before signing the lease. Should buy homes from $170-220,000 in better areas for appreciation and more rental demand. Apartment vacancies are much higher due to conversions coming on line as rentals

Thu May 1 2008, 12:09
 
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