#460: Rents Dropped 30% – Here's What Happened Next
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 21 November 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm
🎙️ Episode #460 – What happens when rents fall 30% overnight? Coach Carson shares the real numbers, lessons, and mindset shifts from his own rental portfolio after a sudden market slowdown.
▶️ Next Episode: 7 Tips for Renting Out Your House
- Apple: https://podcasts.apple.com/us/podcast/458b-7-tips-to-rent-out-your-house-for-beginners-or/id1448707654?i=1000736728005
- Spotify: https://open.spotify.com/episode/2wEV5Cc8ynUzQVnCBiyuk2?si=ZOxXTDSfQhm3KmRgvgzutw
📄 Show Notes: https://www.coachcarson.com/30rentdrop/
🎬 Timestamps:
- (0:00) - Update on my 4 vacant properties
- (0:51) - Check out my private community
- (1:12) - Pricing of my 4 units
- (6:50) - New vacancy conflict
- (10:12) - My pricing & market strategy
- (16:10) - My college student rental
- (17:29) - Move fast in market changes
- (18:12) - Have the right price
- (20:40) - Have cash reserves & low debt
- (21:43) - Why not change strategy?
- (23:23) - Are college rentals viable?
- (26:22) - 7 Tips for Renting Out Your House
___________________________________
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🏠 TurboTenant – Streamline Your Property Management for Free: https://www.coachcarson.com/turbotenant
📱 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-pod
Transcript
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| 0:00.0 | I made an earlier video about my four vacant rental properties and having to drop my rent by 30%. And after watching that, one of you asked me to do an update a couple of months later. So here it is the completely transparent update on what's happened since then. Right now, three of those four properties are rented, but one is still empty. And since then, we've had another property go vacant. So in this episode, I want to share what worked, what didn't work, and what I've learned along the way. If we haven't met yet, my name is Chad Carson. You can also call me Coach Carson, and on this channel, I teach you how to use real estate investing to achieve financial freedom so you can spend your time doing more of what matters. And this is part of a series called Coach's Corner. It's a little bit more informal where I share something that's on my mind. And this particular topic where I share transparently what's going on my rental business |
| 0:40.8 | is something I actually do a lot inside my private community called rental property mastery. |
| 0:45.3 | Every month I show behind the scenes of what's going on, what I'm learning. |
| 0:48.8 | So if you're interested in more of this, go check out coachcarson.com forward slash mastery. |
| 0:53.8 | We actually just recently hit our cap of 300 members. But every month, we have a few spots that open up. So if you're interested, definitely apply and I'd love to see you inside. So as I said earlier, one of you suggested this video. And so I want to thank Acculus One. That is the person's name who made this comment. And they said, please do an update on what happened and how the market |
| 1:10.8 | looks for next year. So thank you for that comment. And thank you all of you who leave comments. I don't get to respond to every one of them. I try to, but I do read every single one. So thank you so much, especially when you suggest future content. So I want to give you an update on these four rental properties that I originally talked about and just show you what's happened since then. So this first one is a single-family house. |
| 1:29.1 | It was originally, we were asking $1,900 and just a little |
| 1:33.1 | bit of a nuance here. I'm in a college town. And so we have an advantage actually built in where even |
| 1:38.3 | though the lease ends in July of every year, we start leasing these properties trying to market them |
| 1:43.6 | in March, April, in some cases a little bit earlier of that year. we start leasing these properties trying to market them in March, April, |
| 1:45.0 | in some cases a little bit earlier of that year. So we have a lead-up time when the current tenant, |
| 1:50.0 | the old tenant is still in there when we're marketing the property. So that usually means we can |
| 1:54.0 | tell what's happening and whether we need to adjust things. I'll give you some feedback on |
| 1:58.0 | maybe how we could have done that a little bit better this time. But since March of 2025, we've been asking $1,900. |
| 2:05.5 | This was actually the same rent we were getting from our prior tenant. |
| 2:08.4 | So it didn't seem unreasonable and the kind of the trends were moving that way. |
| 2:12.2 | But as you can see, things have kind of changed in this year. |
| 2:15.2 | So what we've ultimately rented it for is 1,595, |
| 2:19.1 | and we have gotten this one rented. |
| 2:20.9 | And it was rented on October 10th. |
| 2:22.7 | That's when the person moved in. |
| 2:24.3 | So if you look at the total amount of vacant days, |
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