I am curios to how the investors analyze rental markets as from how i see it there are little to no correlation between population growth and rental markets. A lot of cities here in Michigan seem like good rental markets. However, there is not enough data to show it . My biggest source to rely on when it comes to rental markets is people opinion rather than data, which is a great subjective indicator. What big indicators do you look for you are analyzing a rental market?
If you want to hold for the long term you need net population growth.
Do you want SFRs? 2-4 units? 5+ MFRs?
@ Chris Silva I am looking for SFRs and Condos for now.
I would agree and I think the data is biggest issue. Since you are a fellow Michigander you can understand my thought process.
According to the data, Detroit and its suburbs has been having a decline in population in the last 60 years. However, rents in these areas have been increasing dramatically. So i think its maybe due to micro neighborhoods. Where do you get the data to determine that ?
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