Hey everyone, what are the best resources you have come across to check vacancy rates in an area you own in or a perspective area you are thinking of buying in?
Asking local landlords is always good and I try to do that often. Are there other resources out there that can help?
I think discussing with landlords and RE agents is great.
The US Census puts out some data on vacancy rates too: http://www.census.gov/housing/hvs/index.html
Things change so quickly in areas. I look at craiglist, and Zillow. I also physically drive area looking for "for rent" signs.
There is a program we use at our office called RENT RANGE and when we put it the address it pulls the local comps and also gives us a local vacancy rate. It usually gives a pretty accurate suggested rental amount. I still check the local listings to confirm the market rate rent but it is usually pretty close. good luck I hope this helps.
VR is a demographic stat, so find sources for City demographics.