Fri, 24 June 2016
#89: Little Rock, Arkansas is the capital of what some have called “The Most Landlord-Friendly State in the U.S.”
Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties.
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Listen to this week’s show and learn:
03:48 Keith made a field trip to investigate the Little Rock, AR income property market.
09:14 Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity.
13:47 Kiplinger’s recently rated Little Rock as the #1 Place To Live.
15:05 Employment, job growth, population growth.
16:32 Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction.
17:53 Provider’s buying criteria: neighborhood, desirable amenities, safety, property age.
21:04 Better areas, better finishes, better tenants = better investments.
21:52 Price point often $85K - $100K. Rent-to-value ratio.
23:33 Appreciation rate.
26:18 Character of renters.
30:16 Management structure.
31:45 Tenant qualification.
34:12 Extent of turnkey renovations: often new roof, HVAC and water heater. HW floor, LVP, vanities, bathrooms, etc.
40:03 Warranties. Not many Section 8 tenants in their portfolio.
43:52 Little Rock Turnkey offers tours.
44:33 LittleRockTurnkey.com | (501) 951-7100 | email@example.com
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