Rents going lower in 29 markets
The Wall Street Journal reported that rents in 29 US markets have dropped as more unsold houses and condos have hit the rental market during the 4th quarter of 2007. If this trend continues and it looks like it will, landlords had better be prepared to get their rentals advertised early and in lots of places to make sure they find tenants. Even one month of lost rent would cost more than paying for an ad on a handful of quality rental listing sites that would attract renters.
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