Deep-ER Dive – How to Calculate Profits for Your Rental Property

We’re back on track this week with our live Drinks and Deep Dives after our two week break and ready to jump back in with an updated intro, transitions, and graphics.  This week, Colorado Springs agent Jenny Bayless joined me to talk about vacancy and rental rates as well as do a deep dive on a townhome she bought earlier this year.  We compared the estimates originally calculated when she bought the home to how it’s performing after seven months.

Denver Vacancy Rates and Rent Prices

Our factoid of the week looked at vacancy rates and rent prices.  Every quarter, the Apartment Association of Metro Denver publishes a report on Vacancy and Rent rates.  Jenny and I looked at the quarter two numbers for Denver and Colorado Springs and found that both markets are trending in similar directions.  Bottom line: the dropping vacancy rates and rising rent prices gives us more data to support why now is a good time to buy. 

Check out the Denver Vacancy Rates and Rental Trends blog post to get the full analysis and view the chart. 

Rental Property Deal Analysis Deep Dive – Colorado Springs Townhome

This week’s deep dive was a look at how Jenny’s recently purchased townhouse is performing.  By comparing her pro forma estimations made at the time of purchase with the actual costs and returns seven months in, we can see how reality differs from projections.  In her case, the townhouse is performing surprisingly well, but she cautions our listeners to remember that every property will have ups and downs over the long run.

To read more about it, check out the Comparing Spreadsheet Projections vs Actual Numbers for Your Rental Property blog post.   

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Be sure to tune in each Wednesday at noon to watch the show live, and remember to reach out with any questions, comments, or ideas for new topics!

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DDD: Deep-ER Dive – How to Calculate Profits for Your Rental Property