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.
Cities where rent takes the biggest bite
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.
Buying a “short” and the previous owner wants to rent it.
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?
BiggerPockets Forums
Jan 3, Rent Review Secrets
Review rent review scenarios and learn how to protect yourself. Discover the secrets your landlord doesnt want you to know
Your Investment Property Blog!