The 1st quarter of this year tech companies where forced to reevaluate their businesses either do to a shortage of new investor dollars flowing into companies or as a result of pure survival until the climate of tech investment changes.The Bay area and Silicon Valley have seen their worlds begin to change since the beginning of the 4th quarter 2015.

I would love to do it myself but I work about 80 hours a week in the next province over for three quarters of the month, every month😅.

However, despite this growth, the number of newly constructed units has exceeded the rate of absorption for the past seven quarters, dating back to 2021.

The rate is prime plus 1.75 percent (prime is currently 8 percent which we cashflow fine at) and adjusts quarterly.

Yup, San Antonio is growing pretty good...We might take a serious look at buying some multi-family properties there in the next couple of quarters!

The preliminary third quarter transaction volume was around 45% lower than in 22Q3.

While the national vacancy rate is expected to remain below its 20-year average of 7.3%, the next 12 months could still prove to be one of the more challenging periods for the market over the next five years.So far during 2023, net absorption has remained positive but lost steam, with 2023Q2 coming in 30% below second quarter levels averaged during the three years prior to the pandemic.

Leasing data for 2023 to date shows the quarterly volume of new leasing activity to be more than15% below pre-pandemic norms; moreover, the average size of a new lease has shrunk by nearly 20%.

We rarely see any of our properties, even our instate properties (one just down the block) rarely get seen directly by us.I suggest requiring periodic photos from your property manager inside and out and quarterly inspections. 

Even if that's right outside the door or window because of the weather.To answer your question though; I would charge them for quarterly cleanings of the HVAC unit and write in the lease that smoke scent is damage to the property, therefore you will take all actions to remove scent at their cost and this does include vacancy.