Rental Properties in Midland, TX During 2014-2015

[Monica P.]

Did anyone own rental properties in Midland, TX during the last oil decline in 2014-2015?

I’m curious to know if you were able to keep your properties rented and/or if you had to come down on the rent to keep them occupied etc.

[Michelle Chastain]

There were times when our RV Park only had one renter. And yes, we came down to $350 ... right now we charge $500 for a 30 AMP anD $550 for a 50 AMP. The downtime lasted around 6 months to a year...