Great question and I do not have a great answer for you. However, I have a question. Given a choice, as a landlord, would you reduce the rental when there are many new properties in the market? Short answer is No. Long answer is No… unless of course all these new properties are on my left, right, front and back. Then, I may have to reduce rental if they are all being rented out cheaper than me.
Property Investment 101: Rental is rising, is this surprising?
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