Despite quickly rising rents, many landlords say they’re struggling
Although corporate property owners are seeing some of their best returns ever, smaller
and mid-size operators say skyrocketing wages, property taxes, insurance and
maintenance are hitting their bottom lines. Also, many owners of low-income housing
haven’t recouped the losses they incurred during rent moratoriums. Rising interest rates and higher construction costs are making it tougher to buy, renovate and build apartments as well, which is key — the lack of supply is what’s keeping rents high.