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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Chen who wrote (2573)5/9/2002 11:09:06 AM
From: GraceZRead Replies (1) of 306849
 
For some apartment syndicate (institution), they can raise
the rent to make up for the 'vacancy'.

I think the people who run these businesses are actually not that stupid. As a landlord, I have to tell you what David says is correct, a months vacancy can eat up an entire years profit on a unit. You do whatever you can to never have vacancies. As soon as the vacancy rate starts to rise in these multi-dwelling units, you see the signs for incentives go up.
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