Rental Property With No Value

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Empty since the pandemic. What do you think is wrong with this apartment building?

Despite local laws that favour tenancy, some investors still believe in rental property. Location. Location. Location is still supreme. Apartment buildings of all sizes are plenty downtown and tenants are guaranteed because newcomers rent first. Home ownership kicks in when they are well-established. Recent graduates on their first job also rent, for the same reason.

Therefore, investors that think rental property is still a good option, can you please look at this building critically, and find reasons why it has been empty since COVID-19.

Nonqaba waka Msimang

Blogger Without Borders

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