For the last three months, rents have been on decline, and that's kind of a shock. We saw rents skyrocket during covid, but now there's pressure coming into the market.
Two things have happened:
First, people are starting to come back into buying houses again, so they're leaving their rental units to buy houses, a small trickle there. Another big part is the fact that 500,000+ new units across the country were built and came online last year, and 400,000+ are coming online this.
So what's the opportunity for us as REALTORS?
Well, one opportunity is to target mom and pop investors in your local market. These are people that might own two to 10 units in your market. They're not major industrial investors, but they'll be impacted by higher vacancy rates and decreasing rents. Some of these folks bought and they stretched themselves to afford it, and if they have a couple of months of vacancy, they could really get hurt.
Still, it's a strong market and there are still investors acquiring...
Hey guys, can you think of an investment that is safe, stable, and secure in today's environment?
We know the stock market's crashing.
We know the crypto market crashed.
And we know other market assets are crashing right now.
So is there an investment out there that people can really trust?
The answer is yes.
And Americans already know this:
The most recent study shows that for the last eight years straight Americans trust real estate more than any other asset class.
Here's the question mark I have for you:
Are you out there beating this drum? Are you the evangelist about real estate to your own clients and talking to them about the fact fact that they need to diversify their portfolios, you know, rebalance their assets, and get some of that money over into residential real estate?
One of the safest, most stable, secure investments they could possibly make.
Now, how do we know that?
Well, all markets are based on supply and...
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