Re:Apartment Rents Fall as Crush of New Supply Hits Market
by BizarroLand on Wednesday March 01, 2023 @11:56AM
(#34984689)
I am not a landlord and probably won't ever be one, but looking at it from a financial standpoint, it seems smarter to have 2 2br 1ba apartments for rent than 1 4br 2ba apartment. They would take up roughly the same space, albeit maybe with smaller rooms, but 2 $1500 incomes would provide a more stable income than 1 $3,000 apartment if for no other reason than it is unlikely both tenants would leave at the same time.
Worst case you drop to $1,500 for a month or so instead of losing all $3,000 income while you wait for a new tenant to appear.
Re:Apartment Rents Fall as Crush of New Supply Hits Market
by wolverine876 on Thursday March 02, 2023 @12:44AM
(#34992432)
> They would take up roughly the same space
Each apartment has 1 bedroom, 1 living room, 1 entryway.
I think the point was why you can't find 4 bedroom apartments for rent.
People don't want to rent to families, they don't buy 4 bedroom apartments and they don't rent them. It's not that they actively discriminate against families, they just don't buy properties that would cater to families.