Anyone investing in Youngstown, OH?

Question

I'm researching this area and wanted to know if there is anyone on biggerpockets that can provide some insight on this area. How are the vacancy rates as far as rentals? Is it true that they are high? Any other info you could provide would be helpful as well. TIA.

Jay Hinrichs · Answer

I drove through the outskirts yesterday.. @Jill F. I would ping Jill she is really active in Akron and I see these markets are being much a like although did not drive through Youngstown but was impressed with what i saw in that area of Ohio plus I love the turnpikes wish we had those out here on the west coast genius Idea I would pay tolls anyday for those great freeways.

Lori Williams · Answer

Currently vacancy rates are all over the chart. The thing I have noticed is it depends on what you've got for a property, where it is located and how much vetting you do of tenants.

My vacancy rates are almost 0%. I invest a lot into rehabs so they are B+ properties. I advertise well in advance of them being available, which lets me vet potential renters without being rushed to make a decision. I cater to a demographic most others do not so I don't have a ton of competition.

Right now there is a shortage of rentable properties. One of the reasons is because during this crazy Market a lot of landlords have sold their houses to primary home buyers, which is taking it Market that was already low on rentals even lower. So if a landlord chooses their properties well, and does a good job on rehab, and advertises timely, they should not have much if any down time between renters

Nathan Bibb · Answer

If you'd like to hop on a call regarding investing in the Youngstown area, let's do it. We're heavily flipping/wholesaling/holding in the area.

Anyone investing in Youngstown, OH?

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