Rents Down- Corporate Landlord Loosing $62 a day for over 130 DAYS! LOST $8060
When corporate landlords get greedy, it can backfire badly. This listing has sat vacant for 130 days as a major property management company tries to push rental rates higher than the market will bear.
With an average monthly rent of $1,500 in this area, they listed the property for over $2,000, hoping to maximize revenue. But now they've lost over $8,060 in rental income as the home sits empty day after day.
This short but poignant video reveals the dangers of overpricing rentals. With eviction moratoriums over, rising interest rates, and a softening economy, the tides are turning in renters' favor. Savvy small-time landlords are adjusting prices accordingly.
Meanwhile, large corporate landlords with 500+ units maybe hurting themselves and their investors by letting properties sit vacant. Their loss could be your gain. Stay tuned for more insider tips helping independent landlords thrive!
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