Renting an apartment in the U.S. became even more expensive during the second quarter, as vacancies set a new 10-year low and rents rose at a pace not seen since before the financial crisis, according to real estate research firm Reis Inc.
Many factors can make a housing rental market difficult to negotiate, such as tight supply and fierce competition for the most desirable properties. But chief among potentially problematic rental factors is the cost.
Jon, I understand what you are saying and that there are valid reasons behind it. Is there a document to this effect or something in writing? This would be “arms-length” and at Fair Market Rent. I’ve purchased a number of shorts where I have inherited tenants; this is the first owner-occ that I have come across. I used to buy reo’s at the courthouse and did do rent-backs a couple of times. Can you site regs?
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