On this short episode of the Heartland Multifamily Show, I react to a TikTok video that claims that many vacant apartments are now empty.
According to the content creator, investors have built too many luxury apartments, and now they are sitting empty. As a result, the landlords and management companies have to lower prices or even give away a month or two of free rent which even brings down the price of single-family homes.
It’s quite a claim, but is it overblown? Trot and I discuss this video, and give our insights from our experience being multifamily investors. Click here to watch the original video and our reactions to it.
