Renter’s Market ?
I’ve been talking with a few landlords over the past few weeks and they have all told me that this year, the phones are ringing less and people are taking their time in choosing.
My current landlord, who owns two other apartments, told me his phone barely rings at all for the 2 places he has for rent. And when they do arrive to visit, they say they like it, but will think about it.
He has the same apartments for rent last year and he claims the phone wrang off the hook. People were willing to sign right away. Some putting considerable pressure on my landlord to sign right then and there.
What he has also noticed is that the amount of scams has increased considerably.. The favorite of course being someone from Russia claiming to be moving to Canada. They send over first month’s rent but it’s a cheque for $10,000 and promptly claim they made a mistake and ‘would you please return the rest’… Of course the cheque then bounces.
If you are looking for an apartment for July 1, have you noticed that there is more choice and that you have more time in choosing ?