Little Rock Investors - Are Vacancy Rates A Concern?

4 Replies

Looking to buy some single family rentals in LR. I see the vacancy rate is 11% according to this website:

https://www.deptofnumbers.com/...

Wondering if this is accurate and if any investor out there can shed some light on how it is to own rentals there?

I'm guessing that the bulk of the vacancies are due to poorly managed properties?

Thanks!

I can't speak for Little Rock overall but we do own a few properties in Little Rock Metro. They are both associated with solid schools and we do allow pets in one of the properties. The first one in Cabot has been a rental since 2011. It's never been vacant and we've only had two tenants in it the entire time. The other was a recent BRRRR in NLR that we put on the market for rent at the beginning of COVID. It rented at the price point we wanted which was a little high for the area but the property is also more updated than most. It was posted on a Friday with tenants selected for background checks by Monday. 

Originally posted by @Jean Marx :

I can't speak for Little Rock overall but we do own a few properties in Little Rock Metro. They are both associated with solid schools and we do allow pets in one of the properties. The first one in Cabot has been a rental since 2011. It's never been vacant and we've only had two tenants in it the entire time. The other was a recent BRRRR in NLR that we put on the market for rent at the beginning of COVID. It rented at the price point we wanted which was a little high for the area but the property is also more updated than most. It was posted on a Friday with tenants selected for background checks by Monday.

That's good to know, thank you! I'll make sure to have a better product than what's on the market to avoid vacancies :) 

Originally posted by @Hadar Orkibi :

@Brian Ellwood it really depend on the location in Little Rock, what are you offering and at what price. 

My latest deal is 45 units and we are at 2% vacancy. but we renovated the units and offer them at reasonable price. offer great value to the residents. 

Wow that's awesome, and thank you for the help!