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Residential. We knowingly overpaid to get into last year's lease and there's a lot more supply this year.

Then you made the right decision to negotiate

I experienced the same thing as a landlord a few months ago. Great tenant already made up her mind to move to a cheaper place. I tried to persuade her to stay and offered rent reduction but I was too late.

One month later she asked if I had other houses for rent.

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Why more supply this year?

People leaving Austin?

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Yep, and a lot of the airbnbs are seeing less demand

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Interesting

I wonder if inflation is affecting tourism. Probably.

South by south west Austin city limits

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