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My son and his wife were looking for an apartment this week. They looked at several places. Rent ranging from $1400-1700 online. Each place in person started negotiating the amount. The apt they like settled on a 1 yrs lease at $1k a month. It was listed for $1,700. What is happening? Is it that hard to find good tenants?
untilIt's no secret at this point that the rental market is still shifting! But what is going on? How long will the shift last? What does it mean to a landlord? How does it impact Vacancy and Rent numbers? Knowing what the rental marketing is doing and what the rental prices are will assist anyone wnating to enter the market, leverage your current rentals, and create a stratagey for furutre profits. Real Property Management is the largest PM companies for the day-to-day landlords. As a result - They have DATA!!! Erik Boltman, Sales Manager of Real Property Management Last Frontier will