Not to mention all the new homes builders will have built in the meantime to take advantage of the temporary and artificial inventory shortage.

Hi, I was recently talking to a liberal friend about how rent controls actually cause more housing shortages because they decrease the incentive for builders to build or redevelop.

If there is a chance of doing a deficiency, they may prefer to go to foreclosure then pursue the owner for the shortage.

That and keeping the tile while spending so much on everything else.The market in this city is hot and there is a shortage of dressed up housing.

I know some have such a shortage that they have waiting lists of people that can’t get into a home- so they are very receptive to anyone wanting to participate in the program 

Hey @Jordan McDonald- smart to always keep it conservative, but 12% might be too low... especially when you consider that Houston may have housing shortages right now because of the hurricane.

Covid- due to shortage of cargo ships. 

In my areas there is a shortage of GOOD housing stock for tenants, many other landlords are slumlords, but if you do a good job, have the RIGHT MANAGEMENT TEAM in place there is money to be made (but its not easy, if it was easy everyone would be rich).

Rent control forces housing shortages, which drive up prices.

You need to be putting that aside to build up the reserves.If this is a cash flow negative rental (rents are less than my multipliers above), and you don't have the ability to fund the shortage from your other income, you MUST sell.