The majority of housing is market rate and therefore regulated by the state.

If supply and demand go down together then market price may remain the same.

In the meantime, we would also like to inform you that in conformance with the State of Maine and CDC regulations, our main office will remain closed until further notice.

. - Good thing is they already having all those sources in place, not to mention laws and regulations and even for eviction purposes.

Look for ExpertiseProperty management is a complicated and highly regulated industry, so you want to make sure you’re working with managers who know all the procedures and regulations for getting things done.Assess their industry expertise and determine how much they know about the rules and requirements for managing your type of property.

@Marc Winter Isn't inflation a complex interplay between money supply, demand for products and services, lending rate, politics/military conflict, oil prices, consumer confidence in the future to name a few?

And should any of our residents be required to self-quarantine because you contract the virus or have had contact with an infectious person, don’t hesitate to CALL us for help in obtaining groceries and supplies.

Basically is there a 6 month supply and is it a seller or buyer market)2.

. - on-going communication with tenants and you,- move in and out inspections and reports,- monthly reports (may be financial),- monthly survey,- co-ordination with contractors, maintenance crew, cleaning staff,- taking pictures and videos, - using the management tool you provide, - picking up supplies, - 24 hours on-call,- ensuring paperwork/leases are complete, - issue notices, writing notices and posting,- ensuring low vacancy, ensuring high rents,- resolve issues,- collect laundry money,- be nice and approachable, etc... you get what you pay for. 

It is definitely a viable strategy, the demand for long term rentals is high but as another poster mentioned the supply of small Multifamily properties is fairly low.