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Rainmaker
1,505,533
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I think it greatly depends.  With the new rent control laws Gov. Nusiance passed and with the talks of vacancy taxes (in the Bay area), there may be incentive for landlords to sell and move their properties out of state. 

 

I think whatever happens in the sales market will be duplicated in the rental market. 

 

If I had a vacant property, I'd either rush to get it rented or I'd pull it off the market until this blows over.  Really all depends on what the rents are now, what direction they're going and where they are likely to be in 3 months time.  I'd hold it off if rents were dropping and I thought I could get more in June/July (which typically I can in the summer/school moving months).

Mar 18, 2020 05:18 PM
Rainmaker
4,581,124
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

There is seemingly no end to predictions,  questions about predictions as well as implications and more beyond forecasting.

Mar 18, 2020 04:10 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I have no idea, and all I want is for this to be over!  

Mar 18, 2020 03:58 PM
Rainmaker
2,784,146
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Rentals are in strong, unrelenting demand as people need a place to stay

Mar 18, 2020 03:55 PM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if it's priced properly, it never lingers on the market..... rentals, homes, condos or multi's.... price them for the current market.

Mar 18, 2020 03:51 PM
Rainmaker
1,552,113
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

People need to move, they move. I have a rental on the market right now it's slow, but I have client needing to short term rent so I have time to help her find a home and she's actively searching. I'm experiencing both sides of the coin. Ultimately, only the landlords or an NAR survey can share that data, hard to track otherwise.

Mar 18, 2020 06:02 PM
Rainmaker
765,873
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Rentals will continue to grow in popularity as people lose faith in the market.

Mar 19, 2020 01:06 PM
Rainer
175,886
Merv Edinger & Associates
Remax Nova - Halifax, NS

Our local Halifax-Dartmouth hasn't seen such low vacancies rates in decades ( under 1% over the past year ) driving rents up and more appartment buildings being built. 

Mar 19, 2020 11:01 AM
Ambassador
3,348,909
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I live in the bay area ... only time will tell how this all plays out and impacts the bottom line in real estate in general. 

Mar 19, 2020 09:19 AM
Rainmaker
1,846,551
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

honestly, I prefer to sell homes so I don't care about rentals. Maybe in your neck of the woods it's important but not here.

Mar 19, 2020 08:28 AM
Rainmaker
7,860,604
Roy Kelley
Retired - Gaithersburg, MD

This pandemic will impact many businesses. You are at risk for your health and may have liability exposure if you spread the coronavirus.

Mar 19, 2020 07:40 AM