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Updated 10 months ago,

User Stats

631
Posts
568
Votes
Justin R.
Pro Member
  • Rental Property Investor
  • San Anselmo
568
Votes |
631
Posts

Its the Landlords fault for the over priced rental market

Justin R.
Pro Member
  • Rental Property Investor
  • San Anselmo
Posted

Cost of labor has gone through the roof, as with materials, property tax, insurance, and even utility cost. In 2023 I was able to grow my top line revenue in my portfolio over 250k. My NET operating income (what actually matters) was 60k less than the year prior. 

Why is this? Our expenses have gone nuts and we aren't able to, or ethnically able to push rents fast enough to break even. 

I think we need to keep blaming the landlords and introduce additional rent control legislation to fix the issue. 

  • Justin R.
  • Loading replies...