How Vacancy Rate can hurt your return on real estate investment
In Oklahoma City Oklahoma we are blessed with a strong economy, low unemployment, and a great rental amrket. Besides price stability which has seen us hold our values in the last 4 years, we have an extremely low vacancy rate. This year on rentals from $1000 to $1600 we are running at 1% and rental rates are appreciating for high demand and low supply. Anyone can give you a return on paper that looks really gppd, but money is made after the purchase not before, so delivering on promises is crucial and vacancy destroys the return for your hard earned money you put out. The two videos here will detail this and why investing in Oklahoma City is one of the safer places to put your money. The other important detail is, we have the proof to show you the numbers. We can promise but we can also show you how you deliver. Just remember one thing, tons of investors are bombing into places like Phoenix and you need top ask yourself, if everyone is already there am I too late? The answer is yes becasue supply is greater than demand, and that depresses rents and increases the time it takes to get your property rented. I have attached two thumbnails to show how vacancy takes down the return.
