By intuition and basic recognition of contemporary economic conditions, smart home and property operations provider SmartRent (SMRT) appears a smart buy in the equities market. With so many people forced out of the housing sector due to blistering inflation and rising borrowing costs, cynically, corporate landlords win out. To bolster their offerings, it makes sense for them to integrate smart home functions, thus lifting SMRT stock.
In all fairness, landlords have done a “great” job fleecing the flock, stretching renters to the breaking point – but arguably not beyond it – amid radical changes in the post-COVID-19 economy. However, human greed being what it is, there’s no guarantee that rental property owners (particularly corporate apartment complex operators) won’t overdo it.
