When the market dries up and the buyers disappear the rents start to increase. We have seen this before.
Today I got a call from a person looking to rent in the Moreland School district. She has been given her notice from a home she has rented for 6 years because the management have decided to increase her rent. Naturally it's the owners right to do that, but if you ask me even in these times it's better to stick to what you know rather than what you don't know.
If you have something coming up in this rental area soon please let me know.
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