I'm new to BP... Me and my wife are also starting out our rental property portfolio.
We are primarily interested in investing in single family rentals. We are exploring rental markets in Keller, TX and Allen, TX/McKinney, TX. I was wondering if folks here on BP can share their experience renting properties in this area or could give us general pointers on what to expect relative to rental incomes, occupancy, etc.
Allen has grown significantly in the past 5 years. I don't know much about rentals and their school district so I don't have much advice to offer. Keller has exploded! The Keller ISD is well sought after for parents with kids. I would estimate rentals go on avg $1/ per sq ft. I don't have an exact occupancy rate, but I would venture to say it's near 95%. Most homes don't stay on the market to long before it's snagged up.