NEXUS PROPERTY MANAGEMENT 101: Should The Price A Tenant Is Paying For Rent Affect My Approach Toward Maintenance As A Landlord?
ARE YOU OBLIGATED TO DO MORE AS A RENTAL PROPERTY OWNER IF A TENANT IS PAYING MORE IN RENT?
As our Nexus team has mentioned for months, maybe going on years, the price of rentals is not going to decrease. Perhaps there’s some semblance of a plateau in the future but it’s much more likely that rental prices remain elevated going forward and continue to increase by as much as 10% a year until the sales market returns to something closer to normal. As long as supply is low, demand for rentals will be high, as will prices.