whats the rental demand like in the area

Asked by Jeff Holden, Cocoa Beach, FL Sun Mar 10, 2013

This question was asked from this property: http://www.trulia.com/property/3109756164-3413-Maryland-Ave-…

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Don Groff’s answer
Don Groff, Agent, Austin, TX
Mon Mar 11, 2013
Austin is very hot right now. Move-in-ready homes are leasing anywhere form a day to about 2 weeks in my area which is northwest Austin. Rents have increased as well as the market has tightened up and inventory has decreased.

Hope this helps.

Don Groff
REALTOR® & Mortgage Broker
Austin Real Estate Pros | 360 Lending Group
office: 512.669.5599 mobile: 512.633.4157
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
email: listings@dongroff.com
1 vote
Duong Nguyen, Agent, Richardson, TX
Sun Mar 10, 2013
i manage over 100 rental properties in the DFW metroplex. it's a 2-3 weeks turn around when your propertiy is move-in ready. The key word is 'move-in ready'.
Duong Nguyen
RE/MAX Associates of Dallas
1 vote
Kenneth "Ken…, Agent, Dallas, TX
Sun Mar 10, 2013
The rental market is HOT HOT. Pick anyone of us to work with only to get real and available listings.

Turtle Creek Realty
1 vote
Michael Brow…, Agent, Allen, TX
Sun Mar 10, 2013
The rental market has been strong over the fast few years and remains strong.
1 vote
Dallas Texas, Agent, Dallas, TN
Sun Mar 10, 2013
The rental market here is Dallas is amazing . Many of my investors are loving it! Since they are purchasing the right properties to lease out .

Contact my office today where I can show you many amazing homes work with your investment specifications.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
1 vote
Andrea Brooks, Agent, Plano, TX
Sun Mar 10, 2013
The rental market is strong across the metroplex - including the area this property is located. Are you interested in leasing or buying an investment property?

Andrea Brooks
Keller Williams
1 vote
Thanks Andrea, I am intrested in buying property for investment perposes
Flag Mon Mar 11, 2013
T.E. & Naima…, Agent, Dallas, TX
Mon Mar 11, 2013
While the rental market in general is popping here in Dallas and surrounding, 75216 runs $550-850 per month on average. Currently only a half dozen properties are available, but days on market runs between 4 and 120 days, median 50 days. So, this particular market slice doesn't reflect the activity level in Plano, Frisco, Park Cities and other areas.

So, for your $25k investment you'll likely get someone in there in about 2 months, but maybe less, at around $600-700/mo. Sounds tasty until you realize expenses, including collections will eat a substantial portion of that cash flow.

You may want to entertain a little higher rent area to invest in.
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