I am not sure if this will be the right thread, but is there a way of finding data for the rental market, i.e.) how long it takes for certain properties in certain areas to get rented out? We have been entertaining the idea of buying a small condo to rent out, but aside from monitoring the units that are currently for rent on RentFaster to get an idea what the monthly rents are going at, the only way to figure out how long they are on the market for is to just check back occasionally to see if the property is still listed or not.
For reference, we are exploring some of the bachelor studios around Chinatown that go for about $100-150k and bring in about $850-900 / month minus condo fees of $300-$350. It's not a huge profit, but they're relatively low maintenance from what I remember.
Thoughts?
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