vrepice, Other/Just Looking in Southlake, TX

Rentals in Southlake

Asked by vrepice, Southlake, TX Tue Sep 17, 2013

How is the rental market in Southlake? I am looking into buying a single family house and renting it out, I would appreciate any insights. Thanks.

Help the community by answering this question:

Answers

7
I work with investors who are searching for rentals. Southlake is a top tier community & schools. Many families like become a resident and can't afford purchase a home based on the expense

STAT'S Southlake over the past 12 months 9/12 - 9/16/2013

Active Listing : 11
Pending Contract : 5
Leased Homes: 104
Average Rental Amount Per Month $3478
Average Sq Ft of LEASED HOMES: 3,396
Average Rental Amount per Sq. Ft: $ 1.03

NOTE: I use to own investment properties at one time understand the mindset of the investor for turn the property into business with annual profits with annual tax deductions.

Southlake homes for sale Southlake TX
http://www.lynn911.com/Web/AR287090/CustomContent/index/5130258

Southlake homes for rent Southlake TX
http://www.lynn911.com/Web/AR287090/CustomContent/index/5041503

Contact my office today where I can show you many amazing homes work with your business plan specifications.
_________________________________________
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook and Twitter
http://www.facebook.com/lynn911dallas
https://twitter.com/Lynn911

(If my answer is helpful indicate by THUMBS UP or BEST ANSWER. Thank you )
1 vote Thank Flag Link Tue Sep 17, 2013
http://www.trulia.com/for_rent/Southlake,TX/76092_zip

Here is a rental link for Southlake. Good luck!
0 votes Thank Flag Link Mon May 5, 2014
http://bit.ly/1a87vYI

Buy/Sell through me and I'll move you for FREE*!!!

*some restrictions apply contact me for details*
0 votes Thank Flag Link Tue Dec 3, 2013
Good Afternoon
First off not everything in Southlake is $500,000 that is a bit of hyperbole. Second, Southlake is a very desirable area for many reasons, many of which I am sure that you already know. The rental market is very good in the area. What is your experience level with investment property, are you a seasoned pro or are you just getting started? If you are experienced, then you need to find the right home and you are off to the races. If you are new at this, as I recommend that you take a trip to your local bookstore and look for a book named "Hold" This book will give you a great amount of insight about purchasing and holding rental property. Rental property is great and can provide a wonderful stream of income if you think about it strategically. If you have additional questions or if I can be of any assistance please feel free to contact me directly.

John Straub
Keller Williams Realty
817-729-4281
john@dfwfamilyrealty.com
0 votes Thank Flag Link Tue Sep 17, 2013
I think the trick here is finding the right property at the right price that will rent at the right price to ensure great returns.
It all depends on your business model.
Most investors like lower priced homes....so that is the trick in Southlake....where I often tell customers it takes $500,000 to get started in Southlake.
Houses do rent all year long...people move all the time....but my thought is that for most rental housing Southlake is very school driven.....so for most investors the model of buy and hold at $500,000 and above for a single family home, could mean sitting on it for 3-4-5 months vacant. That's a lot of mortgage to pay....without income.

Here is a link to some of the lower priced homes in Southlake.
http://www.metroplexhomesalesinfo.com/listings/propertytype/…

Feel free to call me and let's talk about your strategy and see what works.
0 votes Thank Flag Link Tue Sep 17, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
There are homes that need renovations as well as plenty of move in ready properties in Southlake. If you have the financial means to purchase real estate for an investment portfolio your creating or adding to Southlake is a great idea. For more information contact me through Trulia or
Google "Shea Reeves"
0 votes Thank Flag Link Tue Sep 17, 2013
I would say it is good. I'd be happy to send you a CMA so you can see the homes and how much they are renting for. There aren't that many houses for rent so it increases the demand. Hope to hear from you.
0 votes Thank Flag Link Tue Sep 17, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer