Savvy landlords and property managers can add real value by future-proofing their investments.
Price sensitivity will be the main driver for landlords and property managers jockeying to attract and retain tenants in 2023. In fact, this defining trend will only compound and deepen in importance in future years as tenant income growth remains weak, unemployment levels remain staggeringly high, interest rates creep upwards, and inflation – particularly utility and municipal expenses – outpace rental escalations.
Michelle Dickens, deputy CEO, and Johette Smuts, head of data analytics, at PayProp
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