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You can employ a professional property manager to deal with the hassle of tenants. Your one property (or a few properties) being empty isn't moving the needle
by awillen 5y ago
You can employ a professional property manager to deal with the hassle of tenants.
Your one property (or a few properties) being empty isn't moving the needle enough in terms of the price of real estate to make up the difference from lack of rent.
- anigbrowl 5y agoBut many landlords (especially corporate ones) own a lot of property, and furthermore landlords can and do cooperate. I think you're assuming perfect competition, where all pricing is transparent and all market participants interact with each other exclusively through price signals. In reality landlords compete but also cooperate, and their associations are more integrated/coordinated than those of tenants. There are far fewer landlords than tenants, and a non-rental motivated by collective/cooperative solidarity means a lack of profit maximization for the landlord but often lack of a place to live for the tenant, so the incentives as well as the market structure are wildly asymmetrical.