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Updated over 6 years ago on . Most recent reply

Killeen Rental Insight
I'm interested in some older duplexes near Fort Hood as long-term rentals. Can someone with experience with comparable properties tell me what idiosyncracies I will encounter in the market?
Any information related to lease-breaking frequency, vacancy allowances, changes in housing demand and supply, now or in the future, would be appreciated.
Most Popular Reply

Older? Wherabouts? Expectations may differ wildly depending on the age and area.
Killeen generally is going to have higher turnover than most areas, especially multi-family units. But prices are very affordable and it's generally a good rental market. I plan on a 90% occupancy rate and in my experience have found that to be conservative for my units.
Lease breaking - again, being military, soldiers can break a lease with orders. But generally you can expect two to three years per tenant.
Supply certainly has kept up with swelling demand, and prices are stable. Inventory is creeping down a lot, and I've seen a rise in interest in multi-families (and commensurate rebound in multi-family prices).
I myself am a real estate agent in Killeen and own a fourplex here and would love to own more.