5 ms·
where does the xtra money for renters come from? Imagine rental properties are already efficient
by dimodi9 8y ago
where does the xtra money for renters come from? Imagine rental properties are already efficient
- shahryc 8y agoI think some rental properties are definitely underutilized
- somid3 8y agoUnderutilized, and the high rate of tenant switches causes all sorts of unnecessary expenses
- makia837 8y agoseems from the lower vacancy rate. I'm curious what is the average rate for each state or county in US or abroad.
- somid3 8y agoThis varies dramatically, some areas like Rittenhouse in Philadelphia has an average of 10%, while other locations have a 3% vacancy rate -- the national average in the US is typically 7%
- somid3 8y agoGreat question, when tenants switch apartments landlords have to absorb the missing weeks of rent while they are cleaning and repairing the unit. Landlords also have to find a new tenant and cover lots of other costs. Overall, property owners have to spend 20% to 45% of their cash-flows on tenants. In a way, right now long-term renters are subsidizing short-term renters.