Long-term rentals aren’t profitable: lower occupancy, lower rents, and poor turnover

Renting out properties is an inherently fragmented process.
Which units are easy to lease, how much rent they can command, and how to handle tenants who demand early termination—this kind of information is held by frontline staff on the ground.
Managers sitting in offices can hardly keep track of hundreds of properties spread across different locations.
Such a decentralized information landscape creates fertile ground for corruption.
When a solo landlord collects their own rent, there’s no room for graft. But hire a team to collect rent for a thousand units, and corruption spreads like wildfire, nearly impossible to contain.
From a business-model perspective, long-term rental apartments were flawed from the start.
They can only lose money. Company-collected rent will always fall short of what individual landlords secure; you’ll never even cover costs, let alone grow.
This kind of venture—built on a pseudo-need and fake productivity—is an insult to anyone running a legitimate business.