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Rental Demand is Slowing Down

Genuine Property Management

A popular topic with property managers nowadays is simply “are red hot rents finally starting to cool down?” ” 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.

Apartment 130
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Customer Story: CAP Real Estate

Rent Manager

The organization manages between 1,200 and 1,300 units, buys and sells apartment buildings, and conducts third-party management for clients.

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Staying Ahead of Market Trends: Colorado Springs Property Management Insights for 2024

Muldoon Associates

In fact, it’s increased by 15 percent since 2010. At Muldoon Associates, we work hard to stay up to date on all the industry trends and market shifts that will impact the properties our clients own. Our property management insights for 2024 are around technology, tenant demand, and remote work.

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Is Investing in Colorado Springs Real Estate Right for You? A 2024 Guide

Muldoon Associates

As with any investment, there are rewards and challenges to buying property here, but there’s a sustained interest in buying and renting out homes because there’s such a high demand of people who are looking for those homes. If you’re an investor with a home for rent, you’re in a pretty strong position.

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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%. You can use the property yourself during vacant periods or adjust pricing dynamically based on demand.