Posted on 09/13/2022 8:51:20 PM PDT by SeekAndFind
And politics will go further into the toilet with these migrations. And the influxes of NIMBYs will regulate housing further into stagnation. Watch for a greater increase of homelessness nationwide, and remember what once happened to some cities around the Dead Sea.
Wilson pop has doubled in 20 years
Lots of new apartments but not enough
I hope they raise The Jo Jo Inflation Celebration poster boy, James Taylor’s rent. Old hippies like Taylor and the Clintoons are so obnoxious.
Well, raise my rent............
Sensible systematic approach that assumes the zEstimate is reasonable. Do you have a way to validate the zEstimate?
My rent has gone to ‘an entire lifetime of earnings’ to rent a 80-square-foot one-room-apartment with no utilities and a mud-thatch roof, for one single day of occupancy.
I’m getting evicted, of course.
A good way to check what the market rents are is to see what section 8 is paying out. Also just look at the “for rent” ads...
I have a number rentals in Greensboro and Charlotte. The numbers cited are bogus. Charlotte rents have gone up significant more in the last 6, 12 and 24 months than Greensboro and demand for rents in Charlotte is unbelievably high due to people moving here, same reason home prices are up over 24% in the last 12 months. Greensboro rent is up nowhere close to 75%.
You can still raise the rent, just keep it $100 to $200 below market. Especially in the current environment they will understand. The only people I’ve had leave after a lease ended recently was to buy something. No one I’ve raised rent on has left.
I had a similar approach until the last two years and have been more aggressive on raising rents because property taxes and insurance are going up so much. I had one of my rental property taxes double this year and most are up 40% in the last two years. I still keep them below market, though.
“... inbound traffic to Greensboro and the other smaller markets is from New York City, Philadelphia, Chicago, Raleigh, Atlanta, Nashville, and Washington D.C...”
Just like cockroaches. They have eaten all they can from the host and are now moving to other cities to devour.
Wee bit bigger than your typical coffin apartment
Been there too. I sold all of mine...and glad I did.
As much as you can, you are correct. I got out of the renting game because of bad renters.
And I only see it getting worse. How do these corporate outfits do their tenant management? Hire corps of gangstas?
By design, the Leftist dream is to control housing and dictate where everyone should live “according to their needs.”
That sounds awfully blue. 😖
Not really. I just do a quick search for houses in my class in the area and verify look at the range but the zestimate is usually pretty good. I like being able to say I go by what Zillow says if I get asked about the price
I have a rental in Smyrna.
If the tenants pay on time and take care of it, their rate will follow the tax rate.
In 10 years I have raised it only $300. Home was built in 2008 with attached 2 car garage.
You are so screwed.
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