Re: If the Rumor is true, bad news for.....
When my home was in the property management program I was told there were 1400 homes in the program. These homes were 100% occupied for the high season. I doubt they will abandon this lucrative revenue opportunity. Remember, they collect 20% of the gross rent, and the owner picks up all of the expenses. If they're renting for $2500 and collecting 25%, that's $500 per month. $500 x $1400 = $700,000. Per month, for 3 months is $2.1 million. As long as they have the demand, why would they walk away from all that money?
Someone said there are 200 units in Creekside. Maybe they will just satisfy some pent up demand with these additional units.
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