Top of the rental market?

[Charles Oglesby]

Multi family real estate is booming right now because many people who were owners at one point in time are now being forced into renting.  As the market adjusts do you see this causing rents to decrease and if so what is the strategy for investors when this happens? 

I live in CA and rents are sky high in areas like Orange County and Los Angeles.  This can only last for so long and soon people will move from renting to buying.  If your property is cashflowing now with inflated rents how are you going to cope when you have a property operating at negative cashflow? Are people concerned about this?