The marketing time on a rental will depend on a lot of factors like asking rent, lease terms and marketing. Demand for rentals is up. This is due to the large number of people/families losing their homes through foreclosure or having to sell short. They need to live somewhere, won't be able to buyer anytime soon, and most would rather rent a house than an apartment. If well advertized and your asking rent is not out of line with the market you should be able to rent fairly quickly. If you are not using a management company please be careful to screen tenants properly. I've worked with many investors over the years and worst mistake you can make is to rent to someone without checking them out because the house has sat for a while and you just want to get someone in. There are several good online screening services that'll run you between $25-50 per screening. I'd be happy give you the info for a couple, just contact me and I'll email you links. You should pass the cost onto the tenant in the form of an application fee.
It will syndicate to all the places your property needs to be seen and get it the exposure it needs to rent quickly (if priced right, of course).
Rental homes are not tracked as much as sales, so there isn't too much rental information available. However, in the past 6 months, there were four closed rentals in Northern Meadows. On avergae, they were on the market for 90 days. The shortest period was 60 days and the longest was 127 days.
Syan Real Estate
Call/Text: (505) 730-8181
Short Sale closed: 173 days on market!
36% of the homes currently listed in Northern Meadows are short sale by the way.
Let me know what other info I can provide for you Judy!
360 Ventures Real Estate