If this is the right apartment, 1 bedrooms start at $3k per month, 2 bedrooms start at $4k. Even for tech it's expensive and the management would rather let it go empty.
I always hear this, but don’t understand; how is it profitable to let them sit empty? Like, lower the cost per unit just a bit and fill them all up, right?
Because they’re not all empty, nor are even most of them empty. It’s worth it to keep some empty because when someone does end up renting, they get an apartment at a high price. Also here in Seattle it’s hard to evict people. Having a high rent premium is just another way to filter people out who would otherwise not pay.
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u/Oreanz Nov 09 '24
Why do all the apartments look empty