Landlords in panic mode. They’re cutting Rents and preparing to SELL.

Wall Street Landlords are cutting the rents across the US Housing Market, particularly in sunbelt cities such as Phoenix, Nashville, and Austin.

Real estate investors bought in these cities during the pandemic at sky-high prices and now are struggling to rent their properties. In some cases, they are cutting face value rents by 15% and giving massive 3-month leasing concessions.

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These rent cuts are the last straw before some of these investors inevitably sell their properties. Because declining rents mixed with surging interest rates is bad news for real estate investors - particularly Wall Street Investors. Especially now that the 10-year Treasury Yield has surged above the Cap Rate, or rental profit return, for real estate returns.

In fact, some investors already are selling out, like the example I showed from a Zillow listing of a home for sale in Phoenix. The investor is selling at an 11% loss on a property they purchased in 2022 at the peak of the bubble. It turns out that their investor owners over 3,000 houses, making them a big Wall Street Landlord.

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Видео Landlords in panic mode. They’re cutting Rents and preparing to SELL. канала Reventure Consulting