It’s going to be a volatile day and it will remain so into next week at least, but this indicator tells us that rates ARE coming down.

As others have pointed out, most states place a duty on landlords (and their managers) to mitigate damages, meaning you can’t simply let a place sit vacant and demand the full balance.From the property management side, here’s how we handle situations like this to protect owners while also being fair to residents:Act quickly to re-marketAs soon as a tenant indicates they need to leave, we start preparing and advertising the unit.

Everything that I've read indicates a nationwide aversion to letting the chips fall where they may.

They look at things like "were the payments being paid on time" by the new owner (especially for a Subject To buyer) and other indicators.

Overall, sounds like there is more inventory coming on line in 2025 in some major markets so wondering what some of those leading indicators of a "bottom" might be.

It also has a bunch of really unique benefits/tools for your rental portfolio (Lease Indication Tool, Expense Tracking, Maintenance Requests, Rent Collection, Tenant Communication, etc.) in one central place.

But if you find a good deal, it's very much worth the extra effort, and will beat the pants off of market indices over the long term. 

Spring 2024 I did a rehab of a little unit that the records indicated was built in 1901 but we believe was built circa 1920.I have done a lot of unit rehabs.  

I considered trying to contest it with my own comps, but everything that I have heard about that indicates that it would be a waste of time.

Now, this is admittedly a very small number, but losses in construction jobs are a rare occurrence and again usually a leading indicator of overall economic weakness (ResiClub).