Berks County, Pennsylvania- Rural Area rentals

Berks County, Pennsylvania- Rural Area rentals

Investor · Reading, PA · Member since 2014 · 196 posts · 118 votes

If there are any members who know the area of Berks County, PA, I could use some viewpoints. I'm about to go under contract for my first deal. My plan is to buy, renovate, and rent.  Everything looks great on paper, but the area is mostly small towns, just off of I-78.

The property is south of Hamburg, and in the vicinity of Bethel, Strausstown, Shartlesville, etc.  it's about 0.5 miles from the highway.  My thought is that with the new Dollar General and PetSmart Distribution Centers, the Chicken factory in Fredericksburg, etc, that there should be people looking for housing in the area.  It's about 10-20 minutes to those places and not a bad commute to Allentown either.  However, I rarely see ads for vacant rentals.  The research I have done seems to indicate that while the towns are small, there are a high percentage of renters.

Can anyone with familiarity of the area give me some thoughts on the rental market?  Dow what it's worth, It would be a duplex, with two 2 BR apartments.  My hope was to ask in the $750-800 range for rent.

The property could be flipped, if needed.  Just looking for some last minute thoughts before I sign.

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Property Manager · Lancaster, PA · Member since 2016 · 77 posts · 30 votes
10y

Jason -

We are a property management company (SlateHouse Group) that covers Berks county.  We have some properties in that area already.  Happy to give you a free rent estimate if you want.      

- Nate

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  • Pennsburg, PA · Member since 2014 · 37 posts · 1 vote
    10y

    Hi Jason!

    Have you tried posting a faux Craigslist ad to gauge rental interest in that area? That could be a good place to start. Hope that helps!

    -Rick

  • Investor · Reading, PA · Member since 2014 · 196 posts · 118 votes
    10y

    @Rick Jones

    Thanks for the suggestion.  I think that's a good idea.  I will certainly try it.  I was hoping that some others might have some positive or negative experiences in the area.  Small town Pennsylvania would certainly have a shallower pool of renters, but the odds of finding tenants with strong employment might be pretty high.

  • Flipper/Rehabber · Bethlehem, PA · Member since 2015 · 134 posts · 39 votes
    10y

    @Jason Kirk...try contacting a realtor from that area. They will know the rental and resale market better than anyone. Good luck!

  • Property Manager · Lancaster, PA · Member since 2016 · 77 posts · 30 votes
    10y

    Jason -

    We are a property management company (SlateHouse Group) that covers Berks county.  We have some properties in that area already.  Happy to give you a free rent estimate if you want.      

    - Nate

  • Investor · Reading, PA · Member since 2014 · 196 posts · 118 votes
    10y

    @Nate Jones

    Thank you!!  PM is coming shortly.

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