Great post. We all must support Senator Osoff’s reelection!!!! Especially because his likely opponent will be vote thief and canceller Brian Kemp.
Rep Cori Bush campaigned for housing reform and lost in her reelection bid. We need her back in Congress.
Rentals are ridiculously high often requiring unreasonable deposits and earnings for occupancy. An Amazon employee, for example, could not in their warehouse wage rent an apartment. Nor could a basic Walmart worker.
Dealing with corporate housing ownership is difficult. Many property management companies proudly boast of their strict rules for residents payments and low tolerance for lateness. When your employer sends you (involuntary on you part) home because work’s low and there’s no union, you’re told that’s business. Works well with property management don’t you think .
I am a small operation rental owner. I have a handful of properties. It’s important to separate the large corporate rental property owners from the small companies who have no way to influence the market rental rates. Today’s cost of acquisition and rent rates make most properties CAP rates to be 2-5% or less. GRM of 16+ years. Compared to stocks and bonds with returns of 8-15% why would you invest? The answer is solid returns that grow slowly over years and tax right offs. We are good landlords the fix what is broken treat our tenants with respect and hope we don’t need a new roof.
Great post. We all must support Senator Osoff’s reelection!!!! Especially because his likely opponent will be vote thief and canceller Brian Kemp.
Rep Cori Bush campaigned for housing reform and lost in her reelection bid. We need her back in Congress.
Rentals are ridiculously high often requiring unreasonable deposits and earnings for occupancy. An Amazon employee, for example, could not in their warehouse wage rent an apartment. Nor could a basic Walmart worker.
Dealing with corporate housing ownership is difficult. Many property management companies proudly boast of their strict rules for residents payments and low tolerance for lateness. When your employer sends you (involuntary on you part) home because work’s low and there’s no union, you’re told that’s business. Works well with property management don’t you think .
I am a small operation rental owner. I have a handful of properties. It’s important to separate the large corporate rental property owners from the small companies who have no way to influence the market rental rates. Today’s cost of acquisition and rent rates make most properties CAP rates to be 2-5% or less. GRM of 16+ years. Compared to stocks and bonds with returns of 8-15% why would you invest? The answer is solid returns that grow slowly over years and tax right offs. We are good landlords the fix what is broken treat our tenants with respect and hope we don’t need a new roof.
I’d love to see a discussion between you and @ted Gioia on the forces that work against us.
Useful reporting. Going to share this with some friends.