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Monday Oct 22, 2018

Realistic rents rewarded

Many landlords keep properties tenanted by accepting that some income is better than nothing in tough times

Although rental demand rises during an economic decline, rental rates come under pressure so this means many landlords will need to take a new look at their rental price expectations, say property experts.

The Seeff Property Group says it is better for landlords to fill their properties at a lower rent than to let them stand empty.

Although their profit margins may be a bit lower, and therefore not ideal, at least they are still learning rental returns.

Read more on Property360...

Property Writer
Property360.co.za

 
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