New Investor - Vacancy rate in Birmingham
I purchased my first property right at the beginning of the year and listed by the end of Jan '25. The realtor I used is also a PM, so I kept the services with her. The neighborhood is C/D, how long is it normal for the properties to stay vacant out there?
I want to start looking for a second property but I am concerned about how much longer it may take to rent. I'm fighting a bit of anxiety :) but seeking advice from other investors. Also if it doesn't rent in another month or so, I think i should reconsider moving with another PM provider.