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General Landlording & Rental Properties

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Erik Sherburne
  • Investor
  • Saint Paul, MN
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Higher rents more likely to come down than lower rents

Erik Sherburne
  • Investor
  • Saint Paul, MN
Posted Jun 28 2018, 08:22

As the rental market stays hot the rates are increasing quite a bit year after year.   I don't see how that continue.  When that slows or retreats does anyone have an experience, anecdotal or otherwise, as to how that affects various rental price "brackets".    Will an $1800 rental pull back to $1700?  $1650?   While a $1200 rental would pull back to $1150?   The $1200 will always be more affordable and that is where I continue to invest but the $1800 has a higher upside, my concern is just where we are in the market cycle now.

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