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Ken McElroy Show

Why Rents are Flattening Nationwide…Should you Be Worried?

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 12 December 2023

⏱️ 52 minutes

🧾️ Download transcript

Summary

Join Ken & Danille live as they discuss the current trends in the rental market across the United States. We'll explore how rents are generally stabilizing or slightly declining due to a surge in rental supply, especially in the Midwest and Northeast, while growth remains flat in the West and South. Additionally, they'll cover the increasing demand for rentals due to the unaffordability of home ownership and the preferences of the new generation.

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Visit Ken's Bookstore: https://kenmcelroy.com/books

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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

Ken's company: https://mccompanies.com

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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.

Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.

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Transcript

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0:00.0

Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything

0:07.8

real estate with the industry's biggest movers and shakers. I'm your host, Ken McElroy, joined by my co-host,

0:14.6

Daniel. Let's get right into this episode. Welcome to the Ken McRoy show. I'm your host,

0:20.2

Daniel, here with Ken. What's up

0:22.1

everybody? Let's hop into our Twitter question. So can you ask, how do you handle unexpected

0:26.5

challenges or setbacks in your real estate investments? And Levi said that should be a learning

0:32.7

experience for next time. I was just talking to an experienced investor who purchased 16 units and did not

0:38.2

check every sewer pipe, which cost him $32,000, but next time he will use a camera technology to do

0:44.6

that. Yeah, that's a good one. I've had that problem. Have you? Yeah, yeah, unfortunately, on a

0:50.3

property in Houston, we had, actually, we had electrolysis.

0:54.3

If you guys don't know what electrolysis is, is typically when they take galvanized plumbing

1:00.6

and put it with copper, it creates these little pinhole leaks.

1:06.1

And it can be a serious problem for slab leaks and what a mess. All of those things. Go to the next one, Jerry.

1:16.3

Jen says exhaust all options. Currently had a deal go south as a capital partner, so I either pick up the deed or walk away and lose my investment. I'm looking at every option to make that investment work. If not, then I have a very

1:27.6

short time to figure out how to offset the loss. Yeah. I think a lot of people are dealing with

1:31.9

this right now. Yeah, it's interesting. I was thinking about doing a video. I don't know if you guys

1:36.2

think I should or not. I'm, you know, what's going on with the banks? There's obviously

1:42.9

the interest rates are up. We all know that. That's no surprise.

1:46.5

Loan values are way down. And also, the economy seems to be contracting a little bit. So,

1:52.8

so there are less loans being done. So you guys might know the banking system has pinned on on leveraging,

2:05.4

you know, loans. And so when there's a decrease in in loan volume, you know, it does affect

2:12.7

things. So that's one of those scenarios. That's the first thing I thought of is the people I'm hearing are losing capital partners.

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