Letting agents in our area are saying that things are stagnant, once people are in, they stay. In.
The rates for EOT cleaning is on the floor, dont know how people make a profit, went into an agency tother week and their current cleaners were just walking out. It was there office cleaners doing it! Couple of bog rolls in a tray, some j cloths and a few different types of Mr Muscle.
My other half has a few properties and the tennants are staying, arent moving, she hasnt put the rents up for ages, so tenants stay. If they go you nearly allways a have a month or so slack whereby you dont have some one in there paying rent.
Also one of my biggest LA's has now gone into doing Inventories as ther isnt the profit in the lettings anymore and no agro either. No moaning tennants or moaning Landlords. Evidently easier money and lots of it.