Attention Agents and Investors!
I wanted to get some feedback on what you are experiencing in terms of DOM and Incentives offered (reduced rent, reduced deposits, free half month's etc) in your investments and those of your clients.
I am pending a write up and would like some more "local" information from others.
I have several 2/2 and 3/2 properties that are experiencing "about" 30 days or so longer vacancy periods and a small reduction in rent from previous years. Rent reductions are not drastic but effect bottom line. $1350-$1300, $1050-$975, $2300-$2100 and so on. Our feedback from other cities has been that many landlords with tenants that are at least paying on time is that they are offering them a small incentive to stay and re lease to avoid a potentially larger cash flow loss and extra time on market. I would love to hear your thoughts as well.
If you are commenting on an area OTHER than Boulder County, please state so.
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