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Market Conditions in Scranton : Real Estate Advice

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  • Home Buying28
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Activity 3
Thu Jan 17, 2013
HOSTESS60 asked:
This question was asked from http://www.trulia.com/homes/Pennsylvania/Scranton/sold/1000537069-934-Capouse-Ave-Scranton-PA-18509
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Fri Jul 5, 2013
Brian Rayl answered:
Unfortunately, I cannot help you in the PA area. However, if you are looking for a "hands off" investment opportunity, I can certainly help you find something in the Dallas, Texas area. I have property managers that I work with that can do virtually everything for you. You don't have to worry about collecting rent, answering phone calls about a broken pipe at 3am, or maintenance of the property. It is all taken care of for you and you just enjoy receiving the check each month.

If you have cash sitting in a bank account or CD somewhere, you are making like 1% return on your investment. I have some properties that can earn you 10% on your money. If this is something that would interest you, email me or visit http://www.TiredOfOnePercent.com

It's more than real estate. It's RAYL-Estate!

Brian Rayl, REALTOR®, e-PRO, SFR
Keller Williams Elite Dallas Park Cities
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
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Tue Mar 22, 2011
Peter Lamandre answered:
Hello,

Great question by the way, many overlook the importance of the area vacany rate when deciding to invest. According to the most recently available data from the us census, the vacancy rate for rental properties in the city of Scranton is 9.3%.

As a property manager that works in the area I would say that this is fairly accurate. There are periods of time when the vacancy rate is very low 2-3% and as high as 15-17% but on the average for a whole year 9-10% is about right. There are numerous ways to curtail the vacancy rate.

-proper improvements
-correct rental pricing
-good tenant relations

Just to name a few.

Also each property based on size location and amenities can also vary on the
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Market Conditions in Scranton Zip Codes

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