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Results 1 to 5 of 5
  1. 03-27-2008, 04:32 PM #1
    Craig@rentalrealproperty
    Craig@rentalrealproperty is offline Fixer Upper
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    Default Are there less tenants out there? Or is it my imagination.

    Is it my imagination or are there less tenants than there used to be. I was wondering if others where experiencing the same thing. I bought my first rental house in 1992 and it was so easy to rent that all I had to do was put a ad in the paper with a open house time and I would have twenty people come to the house. And they came there on time! Most of the time I did not even need a ad because when prepared the house for rent by painting etc... I would have many people stop by and ask if I was renting. Now the same house takes longer to rent and it is even in better condition than it was then. Now a ad might generate a couple of calls and one or two people looking at the property. That house is not the only one that is harder to rent, all my properties are generally harder to rent. It might be that it is easier to buy a home and less people are renting or something. That is just a theory I thought about
    Craig Williams founder of WWW.rentalrealproperty.com
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  2. 03-27-2008, 07:41 PM #2
    Codythebest's Avatar
    Codythebest
    Codythebest is offline Mansion
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    Default

    There are not less tenants. There are much more rental properties, since lots of people who can't pay their home anymore (subprime), put them for rent at mortgage rate and rent a smaller units...
    Flipping foreclosure - Cape Coral Real Estate - Prestige Cabins
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  3. 03-27-2008, 08:20 PM #3
    Craig@rentalrealproperty
    Craig@rentalrealproperty is offline Fixer Upper
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    Default

    I never thought of that. A lot of the homes that were rentals are homeowners in the area of the property that I rent in, but other areas of rentals may have sprung up that I really don't think of as rentals.
    Craig Williams founder of WWW.rentalrealproperty.com
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  4. 03-30-2008, 12:15 PM #4
    fliprent
    fliprent is offline Renter
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    Default

    Yes I believe it has more to do with the amount of inventory. As I said in another forum, it also depends on the area.
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  5. 03-31-2008, 07:34 AM #5
    Craig@rentalrealproperty
    Craig@rentalrealproperty is offline Fixer Upper
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    Default

    I would assume that this should start to equal out with all the foreclosures and the great deal of people that will be looking for a place to live. And they can't be in a position to buy for a while at least.
    Craig Williams founder of WWW.rentalrealproperty.com
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