I am sometimes asked about the state of the rental/apartment market here in Reno. Unfortunately I do not track the rental market that closely. However I do keep an eye out for the occasional article or report addressing the subject so that I can forward to those interested parties.
Last week’s Northern Nevada Business Weekly contained such an article. I thought I’d share the link to the story here: Economy muddles apartment marketplace Here’s an excerpt from the article: “There used to be five buyers for every deal, and sellers could get multiple offers. Now there are five deals for every legitimate buyer.”
Agree? Disagree? If you are a local landlord or have some insight regarding the current rental market (i.e. rents, vacancy rates, etc.), please share with the blog by commenting below.