I share my perspective as a seasoned real estate agent: condos in CDO might not be ideal as rental investments due to market saturation and fierce competition.
Hey SwimmingDolphin, interesting perspective! I’m curious though—have you seen any trends where condos defy the market saturation, maybe in specific price ranges or locations? Would love to hear more about your experiences with unique cases in CDO!
The perspective on condo rentals in CDO has been somewhat mixed from my experience. While market saturation poses challenges, I have seen that success largely depends on property management and the quality of amenities offered. In cases where the units are well-maintained and located in areas with strong employment centers, occupancy rates can remain stable. Targeting a specific tenant profile, such as young professionals, can also offer a competitive edge against market overload. Strategic renovations and responsive maintenance practices are additional factors that help in carving out a niche in this saturated market.