Apartment Vacancy Rate falls to 5.2% to 2001 Level
No commentsThe nation’s apartment-vacancy rate in the fourth quarter fell to its lowest level since late 2001 as Americans continued to favor renting homes instead of buying them. Reis Apartment Vacancy Rate (click to enlarge) In the fourth quarter, the vacancy rate fell to 5.2% from 6.6% a year earlier and 5.6% at the end of [...]
Rents Rise, Vacancies Go Down
6 comments so farWall Street Journal, Real Estate, July 7, 2011 Vacancies … fell in 72 of the 82 markets during the second-quarter vacancy rate to 6%, the lowest since 2008 and compared with 7.8% a year earlier, according to Reis. [...] The average effective rent, the amount paid after discounting, was $997 in the second quarter of [...]
Keeping track of expenses and incomes for your accountant (CPA)
1 comment so farIn one of the last posts here at Buying Property in USA blog, I shared with you my file for keeping track of each individual investment property incomes/expenses and other data. There is one more file you will need though, if you have also founded an LLC and have a CPA (accountant) who is preparing [...]
One year of investment property operation data in Phoenix, Arizona
10 comments so farFollowing my Las Vegas property 1-year break down, I am going to present to you the numbers for my second property in Phoenix, AZ. I also bought this condominium on N Cave Creek Rd during my 3week trip to the USA in the summer 2009. It was much easier to find the investment property in [...]
One year after buying property in USA (Las Vegas) – numbers, thoughts, strategy
18 comments so farI owed you guys who are following the Buying Property in USA blog this post already for a few months. It has been 1 year since I bought my properties in Las Vegas and Phoenix already last October (2010). However I was in the middle of purchasing a new property in Topeka, Kansas and also [...]
New Feature – Blog Post Notification!
2 comments so farJust a small update today at buying property in usa blog. I know that sometimes my posts were rather sporadic and it happened that I haven’t written anything for 2 months and then I was writing 3 articles in another month. Quite many people asked me to send them an email, once I write a [...]
High rental yield markets in the USA
4 comments so farTowards the end of the year 2010, I started putting together operational numbers (income and expenses) for my two condos. I will publish them in one of the next posts at Buying Property in USA blog. However what I observed was the unfortunate fact – that the positive cashflow I was expecting didn’t appear that [...]
Spring Efforts in getting financing in USA
6 comments so farMaybe the most important part of buying property in usa is actually getting a financing in the USA. If you followed similar path of acquiring property in USA, you have also founded an American LLC and probably bought a first property for cash. It was clear last year, when I was trying to get a [...]
Nicklin Property Management – Las Vegas = BAD experience
22 comments so farThis story isn’t just for people interested in Nicklin Property Management, but it can give you some information about property management companies in general and about their bad practices. When searching for a Property management company in Las Vegas, I got a recommendation to Nicklin Property Management on Trulia. When I came to Las Vegas, [...]
Finding Property Management company
3 comments so farPart of investing and buying property in USA as a foreigner is finding a reliable property management company. As a foreigner, you can’t be present in the location of your investment property and therefore you don’t have the choice of doing the landlord by yourself. Using a property management company doesn’t have to be necessary [...]