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.
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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.