article thumbnail

Rental Demand is Slowing Down

Genuine Property Management

” Here’s some insight as to what is happening out there… RealPage has just reported that the third quarter was the largest drop in apartment rents since 2010. A popular topic with property managers nowadays is simply “are red hot rents finally starting to cool down?”

Apartment 130
article thumbnail

Customer Story: CAP Real Estate

Rent Manager

Cincy Area Properties (CAP) Real Estate is a third-party management and apartment investment brokerage company located in the Cincinnati/Northern Kentucky area. The organization manages between 1,200 and 1,300 units, buys and sells apartment buildings, and conducts third-party management for clients.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Multifamily rental growth update through October 2023

MRI Software

New construction deliveries in 2023, as well as in the coming years of 2024 and 2025, will be greater than the best year of deliveries since the Great Financial Crisis, or since 2010. These elevated deliveries are poorly timed as job growth is settling back to long-term average growth in the 2% to 3% range.

Rent 52
article thumbnail

Multifamily rental growth update through September 2023

MRI Software

New construction deliveries in 2023, as well as in the coming years of 2024 and 2025, will be greater than the best year of deliveries since the Great Financial Crisis, or since 2010. These elevated delivery levels are poorly timed, as job growth is settling back to a long-term average growth in the 2% to 3% range.

Rent 52
article thumbnail

Choosing Between Long-Term and Short-Term Rentals in Colorado Springs: A Guide for Real Estate Investors

Renjoy

from 2010 to 2020, reflecting a healthy influx of residents and a strong demand for housing. According to RentCafe, the average rent for an apartment in Colorado Springs is $1,439, reflecting a year-over-year increase of 9%. According to the U.S. Census Bureau, Colorado Springs’ population increased by 13.8%

article thumbnail

Ep 124: How much did La Casita made in 2020

The Hosting Journey

In Episode 94 Lessons Learned From Building the New Airbnb La Casita which aired in December 2019 I spoke about the market research we did, the nightly rate we wanted to charge, the amenities we planned to offer, our mindset, and how we wanted to set ourselves apart from the other short-term rentals in our neighborhood.

Airbnb 52