Colonia, NJ · Member since 2015 · 83 posts · 17 votes
Seems like everyone is trying to get on the band wagon, trying to rent out their houses here. These houses have been "for Rent" for a while now, it's starting to make me question, is there as much as a demand as people say for housing? Seems like these owners have a high vacancy rate. How would you keep people calling you and asking if you have any spaces available?
You need to offer more information about your observation... When you keyboarded "these houses" what homes are you specifically talking about... location, style, condition etc. You also typed "these owners have a high vacancy rate"? How did you come up with that conclusion? Again, not sure what you mean by "How would you keep people calling you and asking if you have any spaces available?"
As a REI'er in NJ my observations are quite different than yours... Plenty of properties to purchase that fit my or my investors/partners needs and plenty of tenants to rent to and/or buyers that want to purchase my housing products....
I agree with @Benjamin Haberman. I'm a realtor as well, and the rental market is very much alive here in North Jersey. It's possible the properties you are looking at are sitting on the market because the rents are not comparable to the area. Many people just come up with a number when marketing their rentals. There is really a science behind coming up with a fair rent price, and tons of research to be done about the area before marketing rental properties.