article thumbnail

2015 Rental Market Analysis for Landlords – Second Quarter

Real Property Management Choice

Americans Continue to Shift toward Renting – From its peak rate of 68.6 Its services include finding and screening tenants, completing the lease agreements, collecting rent, maintaining the building and grounds, arranging for any necessary repairs on a 24-hour basis, and processing evictions when necessary. CoreLogic ® , February 2015.

article thumbnail

2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. million) spent over 30% of their income on utilities and rent. Moreover, it’s 48% higher than the homelessness rate in 2015. to just 0.4%.

Apartment 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

High LA Rents and Low Income are Driving Roommates Together

Real Property Management Choice

gained more than 770,000 new renters in 2014 and combined with rising rents across the country, created a cumulative amount paid in rent to $441 billion. As rents continue to rise faster than home values in most areas, expectations are for another increase in cumulative rent paid in 2015. adults in 2012.

Rent 52
article thumbnail

Millennial Generation Now Being Referred to as “Generation Rent”

Real Property Management Choice

Nationally, homeownership rates are at a 20-year low, ending 2015 with just 63%. The post Millennial Generation Now Being Referred to as “Generation Rent” appeared first on Real Property Management Choice. This number is down from the previous year. How are these numbers affecting Los Angeles investment property owners?

Rent 52
article thumbnail

Millennial Generation Now Being Referred to as “Generation Rent”

Real Property Management DC Metro

Nationally, homeownership rates are at a 20-year low, ending 2015 with just 63%. www.RPMDCMetro.com 202-269-0303 The post Millennial Generation Now Being Referred to as “Generation Rent” appeared first on Real Property Management DC Metro. This number is down from the previous year.

Rent 52
article thumbnail

Rent Control - A Solution? by Gaston Reboredo CCIM CPM

Florida Property Management

The Pros and Cons of Rent Control Policies Research by the Harvard Joint Center for Housing Studies (JCHS) found that although 6.7 million housing units were added to the market between 2005 and 2015, the vast majority of those homes were designed to accommodate only the smallest and wealthiest portion of the rental population.

Rent 52
article thumbnail

Rental Home Rates on the Rise in South Bay and West Los Angeles

Real Property Management Choice

Through the first quarter 2015, the companies reveal that the average monthly rent for single-family homes was $1,286, representing a 5.4 Regions through the First Quarter 2015 REGION Median 3 BR rent ($) Y-o-Y Change in 3BR rent Pacific 1516 13.0% percent year-over-year increase. percent and 2.6 Northeast 1693 10.9%