These markets are still adding jobs, but at a much lower pace than last year. This is often ― but not always ― the prelude to stagnation in the local job market or to an outright loss of jobs. As we’ve seen many times before, a poor job situation may be temporary, followed by renewed growth. But it can also signal a longer, even chronic, period of decline that will affect the value of your investment.
Of particular concern is that many of these markets were, until now, adding jobs at a good clip ― usually a spur to housing construction. A larger housing inventory may be coming online just when demand starts falling. You’ll see that home prices have been rising in most of the 20 markets. This will continue; there isn’t a crash just around the corner. But it’s time to be sure that you have a plan for a period of lower income from your property in these markets so you’ll be ready if it happens.
Too many similar rentals available and every renters are looking for a cheaper rent. Renters have the upper hand, take it or I leave. Rents are still declining. Some neighborhoods in Austin also have weakening rents, mine seem to be ok, will see what happen next Spring… mine are all rented out in Spring, property manager is shrewd, he always make sure rental ends in Spring where you can fetch the highest rent.
Did any other folks here also decrease their rent or just kept the rent the same when they renewed with tenants this year? Any folks increase the rent comfortably for their renewals?
Tenant turned over in Daly City back in July/Aug, I increased about 5% this year on one unit and kept the same for existing tenant since they agree to do one more year lease instead of month-to-month.
, Vallejo, San Jose 
and Stockton.
where you can fetch the highest rent.