New York, NY · Member since 2019 · 62 posts · 8 votes
Hello BP
Hope everyone had a happy holidays ! Just curios how is the rental market in Omaha 68131 area. I was looking to Buy a condo and rent for steady cash flow. I am curios hows the vacancy rate. Which I am a long distance investor. Any tip would be highly appreciated thanks in advance
Real Estate Agent · Omaha, NE · Member since 2018 · 22 posts · 14 votes
4y
Hi Anthony,
The rental market overall in Omaha is excellent but I specialize in single family, long term rentals. Short term rentals and the downtown condo market are a slightly different animal.
I just ran a report that showed the average time on market for condos and apartments in 68131 last year was 33 days. That seems really high considering the fact that I was getting 30-40 applications on my single family homes in west Omaha last year. I don't remember the last time I had a vacancy on my single family properties.
If you want me to put you in touch with someone that knows the downtown/condo market better let me know.
You’ll find plenty of friendly, knowledgeable people willing to respond to your posts.
The site has quite a few tools that can be helpful for new members. For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users