Denver landlord have a lot to be happy about these days. The Denver rental houses are filled with vacancy rates lower than they have been in years. This makes for a lot of cash flow houses being purchased. This makes it a great time to purchase that Denver rental house. Renters are knocking down the doors for Denver landlords to get into these Denver rentals. The Denver Rental vacancy rate has fallen to 6.1%. This makes the Denver Rental house market one of the top three in the county. This also leaves Denver landlords searching for new rental houses in Denver and the surrounding metro area. The vacancy rates are even lower in the surrounding Denver metro counties.
Due to economic conditions and the Denver Banks not lending money new Denver Apartments are not being added at the present time. Once jobs start getting created the rentals in Denver will become even harder to find. This will give Landlords in Denver a bit more control over the rents in coming years. There are some people predicting vacancy rates in Denver will drop to the mid 4% range. Denver tenants have been renting the few available Denver rental homes that are available. And people are still moving to our state.
Therefore a lot of Denver Landlords that have cash or good financing available are purchasing cash flow properties as fast as they can. If you are in the market for a cash flow rental give us a call or email us. We are always search for Denver rental homes that cash flow in Denver.