«We're actually seeing opportunities and
really low vacancy rates,» she told meeting attendees.
Not exact matches
I don't know how Margaret Chen is going to write the law when key money is being mentioned now in litigation for 68a Mott Street which means true market rents are much higher than reported (and that my mother is
really charging a very
low rent for an ongoing
vacancy) but the fake rent is going to be used to claim so many things about owners.
To me, a condo has to be 1) in a solid overall area, 2) be in a well - maintained complex with
low vacancy, 3) have a
low HOA, 4) cashflow
really well on paper and 5) be dirt cheap in order to consider.
Many buy for themselves believing the market will remain stable or increase or invest thinking they can easily rent for increasingly high rents when, especially with ongoing building, and, as can be seen in one article, rents are not increasing as would be the case if there were
really a
vacancy rate in Toronto as
low as has been stated.
Los Angeles has had less than half the necessary units built per year over the last 30 years, which is why
vacancy rates have historically been
really low.
When you buy quality, you are
really buying
low turnover rates, long term leases and
low vacancies.
(1) I would always factor in at least 5 % if not 10 % for
vacancy (here they did a lot less, but sellers always try to convince you that
vacancy is
lower than it
really is, and there's just a physical amount of time it takes to turn over a unit, even in a place that is easy to fill).