5 ms·
If you’re a big enough landlord you want to have a certain percentage of evictions as a low eviction rate is a signal you should hike rent. When housing supply
by wayoutthere 5y ago
If you’re a big enough landlord you want to have a certain percentage of evictions as a low eviction rate is a signal you should hike rent. When housing supply near jobs is as constrained as it is, evicting people causes more people to cram into a tiny apartment, which means you can charge more rent for that tiny apartment.
- bdcravens 5y agoThat's true, though the "big enough landlord" isn't as common as many think. About 40% of rental properties in the US are owned by individuals[1], with most owning less than $400k in properties[2]. 1. https://www.nar.realtor/blogs/economists-outlook/landlord-statistics-from-the-2018-rental-housing-finance-survey https://www.nar.realtor/blogs/economists-outlook/landlord-st... 2. https://getflex.com/blog/landlord-statistics/#:~:text=The%20Average%20Landlord%20Has%20Three,the%20%24200%2C000%2D%24400%2C000%20range https://getflex.com/blog/landlord-statistics/#:~:text=The%20....