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Think about why an investment property might sit empty. At first glance, that seems absurd. An investor wants to earn money, and rent would be one way to get th
by tropo 8y ago
Think about why an investment property might sit empty. At first glance, that seems absurd. An investor wants to earn money, and rent would be one way to get that.
As high as rents might be, they are clearly not enough to put these properties on the market. Find the cause and fix it.
Possible causes: too difficult to evict non-paying tenants, too difficult to sue tenants for damages, too many expensive upgrades required (fire protection, disability access, etc.), too difficult to avoid getting sued by the government, etc.
Investors don't leave property idle for fun. There is a reason.
- whenchamenia 8y agoMany investors find a property momentarily unprofitable and set it on the back burner while the neighborhood they dont have to live in goes down the drain. It is a huge negative externality that affects millions directly. But prvitizing gains and socializing losses seems to be the cali way.