Re:Average Rent in San Francisco Has Dropped $1k This Year
by chillacy on Monday December 28, 2020 @12:15PM
(#25560936)
Yes this: in real estate investing this is called the vacancy rate and it eats into profits, sometimes significantly. Too much vacancy and you can’t cover the mortgage.
Re:Average Rent in San Francisco Has Dropped $1k This Year
by kosievdmerwe on Monday December 28, 2020 @12:38PM
(#25561155)
Divide a month's rent into 12 and you see it's a 100-200 dollars, which highlights how much you'd have to raise rent for a month's vacancy.
Re:Average Rent in San Francisco Has Dropped $1k This Year
by daniellarusso on Monday December 28, 2020 @01:36PM
(#25561765)
...and that is if you are only dealing with a single vacant property.
Re:Average Rent in San Francisco Has Dropped $1k This Year
by kevin_thibedeau on Monday December 28, 2020 @02:56PM
(#25562582)
Unless the property is used for money laundering and it's fine to let it sit vacant for years.
Why hold out and continuously interview potential tenants, when multiple people are literally asking you to take their money?
Cash today is better than cash in a few days.