Landlord 2023 Forecast and Helpful Tips

Are you wondering how inflation, high interest rates, and the looming recession might impact you as a landlord? Well, let's take a look at the rental market data and forecast what 2023 might entail for you. Armed with the right data, you can use it to ensure you adapt and overcome.

It's always smart to study trends and capitalize on new opportunities. Property management is evolving with technology. Rental tenants are increasingly growing accustomed to remote work and prefer virtual efficiencies that save them time. Tenants are showing an increasing preference for digital tools and rely heavily on mobile devices. So if you don't want to go extinct as a landlord, let's upgrade how you manage your rental properties.

Here's what's covered:

✚ Cashflow in 2023
✚ Rental data/reports/trends
✚ Inflation, interest rates, low inventory, recession, etc
✚ Revisit security deposits, application fees, and pets
✚ Tenant budget contained and pain considerations
✚ Tenants favoring tech (online apps, eForms, mobile-friendly, virtual tours, etc)
✚ Keeping good tenants/raising rents

Resources

▶ NAR - Existing-Home Sales Dip: https://www.nar.realtor/newsroom/existing-home-sales-dipped-7-7-in-november
▶ Freddie Mac - Mortgage Rates: https://www.freddiemac.com/pmms
▶ Zillow - Consumer Housing Trends Report 2022: https://www.zillow.com/rental-manager/resources/zillow-rentals-trends-2022

Invitation

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Referrals

★ Zoho: https://go.zoho.com/z8v
★ Mercury: https://mercury.com/r/gonzalo-consulting
★ DigitalOcean: https://m.do.co/c/10ea275b03de
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★ Skool: https://www.skool.com/refer?ref=82172f8a411f4bbdb4fdb1b9db57b451
★ ChelseaJeneCO: https://chelseajene.com
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