How to determine demand for home rentals?

3 Replies

Hi guys!

I'm a brand new investor in North Georgia looking to BRRRR single family homes. I've been spending a lot of my time lately scanning Zillow to determine the market rate for renting 2 and 3 bedroom houses. Unfortunately, there don't appear to be many homes available for rent in the areas I'm looking at. I'm becoming worried that, given how few homes are being listed for rent, perhaps it isn't common for people to rent homes in this area. In the smaller towns I'm looking at, it seems possible that people are only looking to buy.

I'm wondering if my fear is justified or if the market to rent will always exist (just greater in some places than others). Any advice is appreciated. Thanks!!

Hey Ryan, 

Do you have any property management companies locally? I ask for two reasons...1. If there are several in your area, you're probably in a good rental area. 2. They make their money from investors and will usually happily answer your questions about rental rates, best rental areas and sometimes have investors looking to sell a home or a group of homes that haven't hit the market yet. 

I'd go in and have a face to face conversation. You'll never regret getting out making connections, the more people you have a relationship with, the more successful you will be. 

BP is a great resource for finding people in your area. Also local meet ups will help you educate yourself about your market!