Reply to Any other landlords noticing huge drops in rent??

Forum Index » Real Estate

Reply to "Any other landlords noticing huge drops in rent??"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]How have you improved the property since 2019?[/quote]

No improvements since 2019, but a full-scale renovation was done shortly before that.  I don't want to out myself by getting into too many specifics about my property, but suffice to say, I believe the higher prices were justified and the market bore that out for years.

But yes, it's definitely possible that my property getting hit because it is on the expensive side may not mean anything for the broader market.  That's why I was interested in the observations of other landlords in the area.[/quote]

Your condo building is at least 10 years old if you have done a full scale renovation. Even a 5 year old renovation on a $4k condo in MoCo is too old. But I’m sure tenants see the wear on your building, and more and more owners are renting out the building so will oppose assessments for upgrades and renewals.  Every condo does this and become class B except marque property like the Watergate. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics