Friday, March 20, 2009

UPDATE ON MY LAST POST – Rents – Flat/Falling…?

As you may have read from my post a couple of days ago I had some concerns regarding the current Rental Market in the region.

To bring you up to speed, we have approved a tenant for the 2 Bedroom/2Bath side on Trovita Way and have an application that looks good on the 3 Bedroom side, a young couple with 3 kids.   The rents that we will get are $1,095 for the 2 Bed/2Ba side and $1,250 on the 3 Bed side.

We’ll update you as soon as we have received the Holding Deposits for these tenants, which is what we consider to be a firm commitment to rent.

In the mean time….?

MAKE IT A GREAT DAY….