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Updated 11 months ago on . Most recent reply
Its the Landlords fault for the over priced rental market
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.
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Mike Dymski
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massive excessive government stimulus has consequences (as do other inflationary policies)