Denver Rentals Scarce.... My First Blog

By
Real Estate Agent with Metro Brokers Freedle and Associates

Home rentals scarce

The news is out. With all the home foreclosures rentals are in high demand.  According to the Colorado Department of Local Affairs, Division of Housing, the vacancy rates are very low.  3.1 % as of the first quarter of 2010, for the Denver Metro area.

So what does that mean for landlords.  Investment property is a good opportunity right now.  I recently did an audit on my own rentals and found I was underpriced on my rents by almost 10%.  Now may be the time to start increasing your rents and by doing it incrementally you likely won't lose your tenants.  

 

Scott Freedle

Freedle and Associates LLC

Metro Brokers


Serving my valued clients in the Denver Metro area with all their real estate needs.

 

 

Comments (6)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

This was GREAT for your first blog.

Sep 03, 2010 11:19 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Scott, welcome to ActiveRain.  Hope you find it as useful as so many others like myself.

Sep 03, 2010 11:21 AM
Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal

In Atlanta, it seems that rentals are scarce too.  But it doesn't seem like it's translating into higher rents.

Sep 06, 2010 08:39 AM
Letitia Stevenson
BHHS Fox & Roach | www.DelawareValleyRE.com - Greenville, DE
Listing Agent DE/PA/MD, Digital Marketer & Coach

Scott, Welcome to the Rain! Active Rain is a great place to share your knowledge, expertise and thoughts, as well as network and learn so much from the vast pool of talent already onboard.

Welcome Aboard and Much Success!

Sep 09, 2010 10:28 AM
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

 

Welcome to Active Rain Scott... have fun in the game.

Active Rain has helped us get found online and we have learned a lot from folks from around the country. 
The following info was useful to us when we first arrived:

Getting Started on Active Rain

How to Jazz Up Your Blog

Active Rain University

Active Rain Guide

Have great success this year,

Steve and Jan

 

 

 

Sep 09, 2010 12:27 PM
Scott Freedle
Metro Brokers Freedle and Associates - Centennial, CO

Mary, Thank you for your comments back to me.

 

Sep 15, 2010 06:25 AM