In terms of Pueblo's rental market. Not sure what the vacancy rate is exactly, but I have to support what has already been said. Regardless of market conditions people still need a roof over their head.

You are right about houses under $100k in Pueblo. Wow! Not like that in the other big cities in the state, I assure you of that. Nor are the rents though. Pueblo rents on average will be lower than Col. Spgs and Denver. I've noticed a lot of properties in Pueblo I believe would pull a positive cash flow.

A property will always rent regardless of market conditions if it is priced right.

The key is to analyze the specific property and compare it to the competition to see if the investment is worth the risk. I think you'll find Pueblo to meet these needs with lower priced housing.

Best of luck,
Susan Walker

A great trick is to look at the apartment complexes in the neighborhoods where you're looking at buying. When their front lawn is plastered with signs "First Month's Rent Free" and "No Application Fee" you can be assured that there are plenty of vacancies – I haven’t seen signs like that for the last 6 months in the South Metro area.

Given our current market conditions, now is a great time to be a landlord. Gone are the "freebees" from the apartment complexes -- a sure sign that Non-Owner Occupied properties are filling up fast. The nice part too, is you can pick up depressed value properties

I own and also manage properties and I can tell you, this time of year they all fill fast as long as you don't charge too much for the rent. Also highly recommend you use an agent that checks credit and background at a minimum. My philosophy is that I don't Buy or Manage junk but rather "good homes for good people"

If you find a nice, clean house in a decent neighborhood for under 100K BUY IT!

JD "Dan" Weisenburger, GRI
Broker-Associate
Vanguard Realty, Inc. GMAC Real Estate

I"ll answer your question with a question...Where do all of the people go to live when they are foreclosed on? They have to live somewhere.

Now of course it depends on the market in which you are looking. But at least in our market in Colorado, we are experiencing very low vacancy rates, and an increase in rental rates compared to the last couple years. It is a particularly good market to own rentals in my opinion.

I own rentals and most of my clients do as well. We are all trying to buy more right now rather than worry if the market will go lower, since we are able to cash flow either way.

Email again if this hasn't helped you with your question!

ABSOLUTELY THERE ARE.
That is price range where there are the most tenants available throughout the metro Denver area.