Tough Rental Market
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Tough Rental Market (by Jatmer 4 [WA]) Apr 25, 2026 10:58 PM
       Tough Rental Market (by JS [CA]) Apr 26, 2026 12:52 AM
       Tough Rental Market (by Robert,OntarioCanada [ON]) Apr 26, 2026 2:11 AM
       Tough Rental Market (by Just Tim [AR]) Apr 26, 2026 8:35 AM
       Tough Rental Market (by plenty [MO]) Apr 26, 2026 8:38 AM
       Tough Rental Market (by WMH [NC]) Apr 26, 2026 9:34 AM
       Tough Rental Market (by zero [IN]) Apr 26, 2026 10:03 AM
       Tough Rental Market (by NE [PA]) Apr 26, 2026 10:32 AM
       Tough Rental Market (by Richard [MI]) Apr 26, 2026 11:54 AM
       Tough Rental Market (by LisaFL [FL]) Apr 26, 2026 12:17 PM
       Tough Rental Market (by WMH [NC]) Apr 26, 2026 4:36 PM
       Tough Rental Market (by GKARL [PA]) Apr 26, 2026 7:01 PM
       Tough Rental Market (by Robert J [CA]) Apr 26, 2026 7:32 PM
       Tough Rental Market (by MikeA [TX]) Apr 26, 2026 8:26 PM
       Tough Rental Market (by Ray-N-Pa [PA]) Apr 26, 2026 9:18 PM
       Tough Rental Market (by mapleaf18 [NY]) Apr 27, 2026 5:36 AM
       Tough Rental Market (by Busy [WI]) Apr 29, 2026 11:19 AM
       Tough Rental Market (by zero [IN]) Apr 30, 2026 9:55 AM

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Tough Rental Market (by Jatmer 4 [WA]) Posted on: Apr 25, 2026 10:58 PM
Message:

I’m starting the 21-Day Challenge and wanted to ask are you seeing a decline in prospective tenants for your vacancies?

We’re experiencing a very different rental market—something we haven’t seen in a decade or more. New apartment communities are offering several weeks of free rent. While we’re not directly competing with those properties (ours is a remodeled “B” asset), the shift is definitely impacting demand.

Our primary focus right now is retention. When leases come up for renewal, we’re offering a small “nuisance” increase of $25 along with a monetary bonus as an incentive to stay. We picked up this “nuisance raise” strategy at the Mr. Landlord convention in Nashville.

At this point, we’re doing everything we can to avoid turnovers. The cost of vacancy and lost rent far outweighs the expense of minor upgrades or concessions.

--24.22.xx.xxx




Tough Rental Market (by JS [CA]) Posted on: Apr 26, 2026 12:52 AM
Message:

It’s been going on a while but he’s I’m seeing a significant decline, at least for people with good or better credit. It’s still taking less than a month on average but the number of qualified contacts is done by half. --162.204.xxx.xxx




Tough Rental Market (by Robert,OntarioCanada [ON]) Posted on: Apr 26, 2026 2:11 AM
Message:

What is happening in Canada is immigration is going down along with no international students where now rental vacancies along with a lot unsold condominiums are on the market along single family houses have dropped in value. The speculation bumble has burst where reality is here. --216.110.xxx.xxx




Tough Rental Market (by Just Tim [AR]) Posted on: Apr 26, 2026 8:35 AM
Message:

Yes, I'm seeing far fewer inquiries and applicants for my vacancies. Other than people who have to move or are relocating, it seems that people are mostly staying put. --68.1.xxx.xxx




Tough Rental Market (by plenty [MO]) Posted on: Apr 26, 2026 8:38 AM
Message:

Same in my area near St.Louis Missouri --172.59.xxx.xx




Tough Rental Market (by WMH [NC]) Posted on: Apr 26, 2026 9:34 AM
Message:

The people looking are not people we want to rent to :( --73.216.xxx.xxx




Tough Rental Market (by zero [IN]) Posted on: Apr 26, 2026 10:03 AM
Message:

I am not having that problem just yet. I have a tenant that gave me notice and I already have a new tenant for when she leaves.

Just started a full rehab on an apartment. Will be interesting once it is done. Maybe my little backwards area will have caught up by then, but I hope not. --47.227.xx.xxx




Tough Rental Market (by NE [PA]) Posted on: Apr 26, 2026 10:32 AM
Message:

When the banks finance anyone who can fog a mirror, we’re left with the ones that can’t. What difference does it make to them when they get bailed out of their mistakes? --174.240.xxx.xx




Tough Rental Market (by Richard [MI]) Posted on: Apr 26, 2026 11:54 AM
Message:

If the banks will finance anyone that fogs a mirror, split the house from the land at the county recorder's office and then sell the house and lease the land. If they don't pay the losses are lower and you can still sue them and lien the house. No maintenance or repairs on the house either. --24.180.xx.xxx




Tough Rental Market (by LisaFL [FL]) Posted on: Apr 26, 2026 12:17 PM
Message:

I’ve never had a shortage of qualified applicants. Although of every 100 only 5 might meet my criteria. --47.201.xxx.xxx




Tough Rental Market (by WMH [NC]) Posted on: Apr 26, 2026 4:36 PM
Message:

We have an empty house for which we cannot find a suitable tenant. Several apps for bad people. Several inquiries from auto-dq'ed people (smoked, not enough income, too many people, etc.) But not one good prospect. --73.216.xxx.xxx




Tough Rental Market (by GKARL [PA]) Posted on: Apr 26, 2026 7:01 PM
Message:

I've got one that I've been trying to rent since January and I'm just now getting traction now that it's spring. The basic story is that the most qualified applicants have every LL chasing them while the least qualified are chasing you. There are tons of people with bad credit and very few with decent credit. The number of people I see with a score above 650 is like 5% of the applicant pool. --23.28.x.xxx




Tough Rental Market (by Robert J [CA]) Posted on: Apr 26, 2026 7:32 PM
Message:

Over the years I've learned "HOW" to market my rentals. Sometimes I can NOT place A "Sign" on the property, that would attract lookers working in the area, a "lower" class of the rental pool. In those cases, I had to select my "advertisement" medium carefully. Specialized News Paper, Online web page, etc.

Once I'd get a live person, the property had to shine and the rental had to be stealer. Recently I had to plop down 5 Grand to have the front of the property professionally re-painted to get those passing by to Stop and walk the property. Then I had to install NEW Appliances and load the refrigerator with refreshments, ice cubes and snacks. I also had my tenants with parking spots in the front of the property, park in the rear so lookers had a place to park and didn't have to "walk" the block to see things. There were no "trash" bins in the front or side of the property during showings -- only in the rear and garage areas.

--47.155.xx.xxx




Tough Rental Market (by MikeA [TX]) Posted on: Apr 26, 2026 8:26 PM
Message:

Cycles tend to be more local. It's been great here. For one, it's not a secret that people are moving from blue states to red states with Florida and Texas at the top of the list. We have a very good market locally which is spurred on by the grow in industry leaving California. Good city growth, very-very low unemployment, and continued expansion of jobs is still somewhat exceeding the ability for builders to keep up with demand. There are still deadbeats, I'm running about 1 good one for every 10-15 applicants so still a lot of filtering. --99.64.xx.xx




Tough Rental Market (by Ray-N-Pa [PA]) Posted on: Apr 26, 2026 9:18 PM
Message:

Concur that turnovers cost so much more than most consider. It is a trick to create win-win opportunities while firmly remaining in charge

How do your rents look like compared to Fair Market Rents?

--174.131.xxx.xxx




Tough Rental Market (by mapleaf18 [NY]) Posted on: Apr 27, 2026 5:36 AM
Message:

Particularly in tenant friendly areas, there is NO shortage of BAD applicants. You can get 6 or 7 of those in one day on one ad. Now their IS a substantial shortage of responsible, law abiding, employed, tax paying tenants in tenant friendly areas.

I have no idea how it is in landlord friendly areas, but I imagine there is still a sizable pool of responsible renters. --64.246.xxx.xx




Tough Rental Market (by Busy [WI]) Posted on: Apr 29, 2026 11:19 AM
Message:

Very small-time landlord here ( four sfh). Anyway, last time I had to place an ad was 2021, and the prospects that contacted me were absolutely abominable. I found one, and the tenancy started smoothly, but then pecularities of the tenant's personality started to surface, and that house just became, 'ugh! Annoying! ' But, my others were going well. Since then, two other placements came from referrals. ( hmmm... couldn't type referral, kept spelling out referal. Ya know, some tenants just ARE re ferals. Hoping none of mine anymore. Lol!) Ended up handing the property with the ' ugh, annoying' tenant over to their relative. It has been worth it, though, we just aren't going to be even friendly. That's ok, rent arrives on time, place is cleaned back up, after the first tenant got sick and couldn't clean.

Hearing all of the complaints on this forum about the quality of applicants, I decided it was in my best interest to tone down MY big personality, and just give this tenant space. I've learned to ignore their complaints about me doing yardwork or maintenance, and just carry on. My other tenants appreciate my efforts, and the neighbors at all properties appreciate that my places are very well-kept. It is MY problem, and my problem only, that I want my customers to like me. What's that song? Three outta four ain't bad. I'll take it. Four houses rented, kept up, life is good.

I was going to say four houses kept clean, but that isn't quite true. One house, tenant is tidy, but not clean. Tenant is a smoker ( I allow) and deep fries foods (wish I could ban, but various court cases have shown that to be skirting around discriminatory if certain foods are banned, and I am not one to go anywhere nearing becoming a test case.) Anyway, this tenant asked if I could paint ( or if tenant could,) because it looks grungy. I said I won't paint over dirty walls, though I was planning on taking the kitchen cabinet doors off to repaint with a more durable paint. Tenant made small effort to clean, but just doesn't seem well-versed in the subject. I decided, heck, if I had a turnover, I'd have to clean and paint. So, I have decided to go room by room. I need my 750 hours to qualify as a business yet this year anyway. Tenant is happy, and is continuing to make efforts at cleaning. I've had a ( different) tenant say their parent used to just say , ' It's time to move,' when the house/ apartment got grungy. I taught that tenant how to wash walls, trim, vacuum heat registers. They had never done so. Perhaps that is how it is with many tenants in my rental area. So, I am cleaning and repainting to keep a long term tenant. But, mostly cleaning, though the Swiss Coffee latex trim paint gets dingy over time, so a light almost drybrush on most trim. Walls it is just cleaning, touching up dings, furniture marks. Color ( custom mix, close to Agreeable Gray,) blends perfectly. --72.135.xxx.xxx




Tough Rental Market (by zero [IN]) Posted on: Apr 30, 2026 9:55 AM
Message:

Cleaning and painting a property that is filled with a smoker who still smokes?

You have more patience than I do on that.

As for getting the hours in you can include the time spent on this forum, ha ha. --195.242.xxx.xxx



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