Glut of rentals is forcing owners to lower rents
During the past year, Scott Corbridge, who runs Sarasota Management & Leasing, has seen a 100 percent increase in the number of rental properties that his firm manages.
Corbridge explained this trend earlier this month through a series of e-mail messages with Herald-Tribune staff writer Michael Braga.
Scott Corbridge says many people who have failed to sell homes have turned to renting homes out to bring in some cash.