Despite what many of you may think, this market slump that we find ourselves in is not an entirely bad arrangement.
Now, before I start to get bombs and anthrax in the mail, let me explain!
For those of us who have decided to make Real Estate our profession, there are a few things in which we can take comfort. For example, when the market was booming, all anyone had to do to sell a house was slap a sign in the front yard in the morning and choose from 25 offers that evening. Obviously this sounds like a Realtor's paradise. Unfortunately however, this also led to an influx of "Realtors" that just joined up to make a pile of money without really having their client's best interest at heart. The kind of Realtor who, when the going got 
tough, had to quit! Basically, one way to view this market is this: A down market is to fickle Realtors, what insecticide is to roaches. When it gets tough, they shrivel up and die. Either that or a lightbulb comes on in their heads and they scatter!
So what does that do for the rest of us? It removes the competition! It removes some of the guys that give us a bad name! Believe me, they are dropping like flies folks!
So what is another positive result of a bad market? Rentals go up. That is a great benefit to those of us who 
chose property management as our field of choice. There are a ton of people who got into more house than they could afford by utilizing some kind of "trick" loan. The problem is that once the market has cooled, their morgage turns up the HEAT! They are unable to afford the house they bought and are faced with two decisions.
They can either sell their home and look for someplace to rent, or they can try to rent the place in a last ditch effort to clot their financial hemorrhaging. Either way, that means business goes up for property managers!
One important thing to remember is that things can ALWAYS get worse. Where is the hope?!? Where have all of the optimists gone? Not only are most Reators not seeing the glass as half full, they refuse to believe there IS a glass! This is just a swing of the pendulum. For those of us who stick it out and hang on for the ride, we will be first in line for when it swings back into fast lane.
For more inspiring messages and solutions for today's rental market, please check out our website by clicking on the logo to the right!
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