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.
Hi Adriana, in Birmingham’s C/D neighborhoods, 30–90 days of vacancy isn’t unusual, especially early in the year. Since you listed end of Jan, you’re still in a reasonable window. But if there's little activity, it’s fair to start questioning the PM’s effectiveness.
If things don’t improve in the next few weeks, consider interviewing other property managers. Also, don’t let one slow start hold you back from scaling, just make sure your team and financing are solid. If you need help with funding your next deal, feel free to reach out! Drago