What if the rental market had a “Correction?”

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What if the rental market had a “Correction?”

Here’s the latest rental stats….like previous months, not much of a surprise as the rental market metrics continue to be strong.

YTD Rental Stats

But what if the rental market in your area had a major correction?

  1. How would you survive if the rental prices for your properties dropped by 30%?
  2. Do you have sufficient cash reserves to ride out extended vacancy months of 3, 4, even 6 months?
  3. Do you know what your Break Even is on each of your rental units?

And Here’s the most important question:

If you don’t know the answers to these questions, what do you think your mental anxiety will be like and your level of stomach acid will be like when we DO have this correction?


 

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