Reply #7: I'm sure there are units here that are empty, too

[Uben]

My apartments and homes are over thirty years old, all paid for, and the rents are very median. The property is very well kept, landscaped, has its own small lake, and has been remodeled to keep up with modern trends. I would attribute our high occupancy to people downsizing from the $1200 to $1400/mo rents in the newer complexes to ours, which has rents from $500 to $700/mo. We could get more for rents, but then you deal with turnover and leasing fees, and we are quite happy with the current income.

We have some tenants who have been with us for twenty years! Location is very accommodating, it is gated with camera security and covered parking.

I am actually looking for some good deals on properties. Can't make money in the market, and no one is paying any decent interest for savings. I'll be attending some auctions and estate sales to find some bargains and expand my holdings. By far, my real estate holdings have been the best I have had. We did have a downturn for about 5 yrs fromm 2001 to 2006 due to the bust in the telecom industry and a construction project on the street that accesses the apts. But everything is great right now.