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Home > Timeshares Blog > More Timeshares Answers > How does one determine the demand for condo rentals in a certain market?

How does one determine the demand for condo rentals in a certain market?

July 26, 2009 by Timeshare Vacation and Fractional Ownership Tips  
Filed under More Timeshares Answers

Can you answer Curt F’s question about Timeshares?:

I am considering buying a couple foreclosure condos and renting them out, however I am finding it difficult to guage the rental market in this particular area. Does anyone know of any sources that might help me see what I could probably charge for rent and how many people will be interested in the place?

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Comments

5 Responses to “How does one determine the demand for condo rentals in a certain market?”

  1. robert w on July 27th, 2009 10:49 am

    Timeshares Feedback: check local newspapers radio tv websites.
    contact local realtor rental sites.
    make sure u have money up front to cover expenses and 3- 6months of condo expenses when u do not have tenants.
    foreclosure on investment/rentals is a pain in (body part)

  2. Ryan on July 28th, 2009 11:34 pm

    Timeshares Feedback: call “for rent” ads and ask the landlords how long they have have been advertising and sitting vacant.

  3. re4beginners on July 29th, 2009 5:10 pm

    Timeshares Feedback: Take a look at the vacancy rate for the market by talking with property managers. Look at which way the population is trending - up or down. Also look employment growth and the rate of unemployment and the trend.

    Look in rental section of the newspaper to see what similar units are renting for in the area. The fact that they are in foreclosure may indicate the owner has not been able to rent them if they were investment properties.

  4. mollyflan on July 30th, 2009 9:22 pm

    Timeshares Feedback: The national statistics show that the average rental price is $1,103 per month and the vacancy rate 5.2%. Rental units are renting at a rate of $1.21 per sq. ft. This is as of February 2008.

    You can break this down by state and area at the following website:

  5. C'mon Get Happy on August 2nd, 2009 11:03 am

    Timeshares Feedback: Make sure the HOA allows rentals.

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