Properties start paying dividends once they start generating income and may vary month to month. The monthly dividend is determined by analyzing several factors, including rental status, the amount of cash in the property's reserves, last quarter's cash flow, projected expenses, and lease renewal timing. For more information on why dividends may be increased, decreased or paused, please see our detailed FAQ. The rental history and dividend payments for each property can be found on the performance tab.

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Columbia, SCColumbia, South Carolina is a popular market with millennials and retirees. The market routinely ranks highly for its livability, business and job opportunities, and public education. The metro area of Columbia is well educated. Over 40% of the adult population has at least a Bachelor's degree, and the city is home to the University of South Carolina. The market has a diversified economy, with major sectors including information technology, insurance, military, manufacturing, and health care. Additionally, Columbia is the capital of South Carolina, which brings significant jobs and economic activity to the region.