Data on Population Growth, Job Growth, Landlord Friendliness
While this may be an extremely broad question.... I've been trying to find a source which combines data from various cities/states into one platform. I invest in multi-unit property without having a local presence, so essentially, I use data/numbers to made buying decisions for my rental portfolio.
I've been using city-data.com, but I'm curious as to whether anyone can suggest a better platform to understand job growth, population growth trends, demographic data, landlord-oriented legistlation, median rents etc. per city or per state?
Thank you,
Most Popular Reply
Some of the websites I use, other than CoStar, Colliers and Yardi reports to source this information include:
- Best Places (Demographics, crime etc)
- Truilia (Crime)
- Bureau of Labour statistics (Unemployment and working population growth)
- Census - American Fact Finder
- Wikipedia is also a great resource
- Rent Cafe and rent-o-meter (landlord friendly states and median rents)
At the end of the day the stats from each site will probably be different, but I just try to cross reference to get a picture of what is going on in the area.
I would suggest to create yourself a google map and start plotting this information to paint yourself a visual picture. This is what I am doing and it works perfect! @Omar Khan is a big advocate for this and wrote an article about the success of underwriting with google maps on his BiggerPockets blog https://www.biggerpockets.com/blogs/10776/79833-un...
Hope this helps!