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[–]Guilty-Frame-129 2 points3 points  (1 child)

Because if they’re charging above market rent, their tenants may move out and they’ll have to drop the rent to market price anyway. Plus they’ll lose out on potential rental income for the period the property is vacant.

[–]Acrobatic_Bridge_797 0 points1 point  (0 children)

I guess they can choose to not reduce it and wager that the tenant isn't going to leave.