Note: we have seen about a 30% decrease in homes listed right now after many people pulled off-market the end of March.

Days On Market have been increasing for several months:(As a result, rents are also flatlining or decreasing. 

We have decreased rents substantially and shifted focus to retention. 

Here in our local residential market in Northern Nevada there was a notable uptick in homes contracted and a corresponding decrease in days to contract in October I think largely in response to downward pressure on rates.

Charlotte > Houston and PhiladelphiaA lot of fortune 500 companies are building new offices in Charlotte.Weather is greatThe state tax rate is decreasing(and overall considered low)The city has a high end airportCharlotte, in my opinion, has the opportunity to be a large city(maybe not on the level of NYC, LA, San Francisco) but just a level below.

Renovations are costing more and more these days, so you'll have to decrease your offer price to accommodate the needed renovations.

I also know in the beginning mistakes will be made but I feel with a mentor through their experiences I can decrease the mistakes being made.

Consequently, vacancy rates have risen slightly to 8.2%, but, importantly, rents have not decreased.

When rates are higher margins decrease which leads people to put more down.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.