Clarkhoward Home

Mon-Fri 1-4pm ET
Stations near you | help

Video Minute Archives
Daily Audio Archives
Rip-off Alerts
Call of the Week

Today's Show Notes
Previous Show Notes
Clark's Greatest Hits
Free and Cheap

Ask Team Clark
Call 10am-7pm ET
(404) 892-8227

Member Center
Blogs
Newsletters
Message boards
Meet the Team

Appearances
Books
Photos
TV
Talk to Clark 1-4pm ET:
(877) 87-CLARK or
(404) 872-0750

Advertisement
Ask Clark  Looking for something on the site? Search for it here!  Also see Clark's Greatest Hits
help

Vacant condos are renter's dream

The rental market is not going where people thought it was going. Owners of apartment complexes thought they’d be sitting pretty, with apartment construction slowing down and conversions to condominiums. But vacancies are actually rising, and landlords have found that incentives may be needed again. Why? According to the National Association of Realtors, the inventory of condominiums is up 38 percent in one year. That’s how many condos people are trying to sell and can’t. People who own condos are stuck in a tough bind right now. So, many condominium owners have become reluctant landlords. Some of these are converted apartments, while others are brand new high-rise type condos. So, if you’re a renter, you should consider renting a condo. Just remember that the landlord probably didn’t want to become a landlord. And reluctant landlords don’t care about the property. They also may have trouble paying the mortgage, so you could be evicted in a hurry if that happens. But you can make lemonade out of these lemons. Maybe suggest that you’ll keep the home in great shape and pay for maintenance issues if you get a cut in rent. Work it to your advantage.

Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.

Add your comment

Security Image * Please enter the code shown at left
what's this?

There are no comments yet. Be the first to post one!


Advertisement


This week's poll
Many recent college grads don't know how to dress professionally for work. Have you ever thought someone in your workplace was dressed inappropriately?
Yes. I've seen co-workers in outfits that show way too much skin.
No. I work in a very relaxed environment and anything goes.
Maybe. Some clothing I've seen on the job is questionable.
see previous polls


Advertisement