[Tarara Boomdea]

Apartments.com Releases October 2022 Rent Growth Report

Monthly Rents Decline for Third Month in a Row, New Deliveries Dramatically Outpace Demand
https://www.businesswire.com/news/ho...-Growth-Report

Las Vegas isn’t far behind with year over year asking rents down to 1.5% in October compared to 22.0% at the beginning of 2022.

[longviewJoe]

Originally Posted by Merry Lee Gather

So that’s why our landlord is suddenly interested in keeping us put. We didn’t hear from them for three years which was a breath of fresh air after our last miserable landlords that we got to see twice a year for inspections and heard from regularly about every nit picky bs they could think of. They were so anal and greedy it was awful being exploited by them in the end so we wrote the BBB.

I’m glad the feds are hitting the reset button, but we ended up buying a house outside the country first cuz the inflation and markets crashing is global and it was much cheaper there to pick up property now. Plus we have a home to flee to if our country descends into fascism. If we can make it out in time.

I am one of those anal and nit picky landlords who has my properties inspected twice a year. I have had too many tenants that ignore things like water leaks that cause tremendous damage to MY property. Plus, we actually fix stuff to keep the property nice for the tenant. Call it what you like but not all tenants are as good as you might be. In fact, in my extensive personal experience, tenants tend to be MUCH harder on properties than owner-occupiers.

[mitchmiller9]

Sold my 2bdrm, 1ba condo at the end of April (great timing!) to Opendoor. Opendoor seemed to get worried after the initial sale fell through and dumped the unit for a loss.

Now I see the new owners are trying to rent the unit. They asked $1250 and after 28 days, just lowered it to $950. That's quite a concession.

[movin1]

The house next door to me sold to Opendoor in July 2021. They had to do a lot of interior work to clean it up. It was rented for a while, but has been sitting empty for a few months. Somebody is losing some money on that deal.

[Tarara Boomdea]

Rental Collapse Getting Worse. (Investors Panic)
https://www.reventure.app/blog/rents...now-what-to-do

Looking forward to it. Paid our rent on time and in full throughout the lockdown/pandemic. Rarely call if we can fix it ourselves. Requests for more extensive repairs are ignored (unless AC).

Got a massive raise despite the rental getting older and shabbier (no maintenance whatsoever.) When I asked why, since we weren't getting any more for our money, actually less, the answer was "Rents have really gone up." Translation: "We're going to gouge you because we can."

[Tarara Boomdea]

Last edited by Mike from back east; Today at 02:53 PM.. Reason: type: gouge, not gauge

Thanks for fixing typo - that's service!

Lease renewal: when they gauge how deep they can gouge.

[Tarara Boomdea]

[dexter75]

Im moving to Vegas from California in January. Was easier to get into an apartment doing everything online. Im hoping the housing market continues to go down because I plan to get out of that apartment and into a house next year sometime. Im wondering if there will be even more houses available to rent if the market really bottoms out next year and owners decide to rent rather than sell for a loss. Happened out here in California back in 2008 when everything crashed. Owner pulled the house off the market rather than lose money on it and put it up for rent instead. I was able to get it and lived there for 6 years.