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Did you see the report on CBC news yesterday about the thousands of empty condos in Canadian cities that were just built and find neither buyers nor renters?

Good news, you may be able to take accelerated bonus depreciation / expenses repairs immediately and get a tax advantage from thisBad news, you still need to deal with this issue from tenant/PM.I found this thread from @Bob Beach helpful where he shares some read flags on property managers. 

I was hoping to share some exciting news about our new rental home, but that’ll have to wait.

Rental prices are on the rise, which is great news for landlords but a bit tough for renters.

@John Clark here is a good article of what is happening in the Tampa Market https://www.floridarealtors.org/news-media/news-articles/2024/06/sellers-cutting-prices-these-florida-cities?

No news so far.

@Maz Pardhan great news for you!

When I buy properties with way under market tenants, I have a "bad news bear" letter that I send out which introduces us, explains the current situation and tells tenants what the current market rates are, and for tenants not under leases, when and how much the rent will increase.

I myself found myself on Fox news at 5 in the Chicagoland area because the suburb I was rneeting in wanted to impose laws they had yet to write on me.