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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

The rental market rapidly increased during 2021 and 2022. 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. This slowing demand has stabilized the rental market after 18 months of turbulence.

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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
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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%. As the demand for rental units rises, our services rise to the occasion of helping property owners and investors enjoy their experience as Los Angeles property managers without all the dedicated time and money headaches that can come with rental property.

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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%. As the demand for rental units rises, our services rise to the occasion of helping property owners and investors enjoy their experience as Washington DC property managers without all the dedicated time and money headaches that can come with rental property.

Rent 52
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Roommate Effect: Good News for Real Estate Investors

Real Property Management Choice

According to the Census Bureau, homeownership rates were reported at 63% at the end of 2015, which is a 20 year low for Americans, and even dropped a point from last year end report data. The good news for rental property owners is that vacancy rates are dropping as well, proving the demand for rental units is still there.

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New Laws for LA Landlords

Real Property Management Choice

This law applies to any lease executed, renewed or extended on or after 1st July 2015. However, this law exempts properties with less than five parking spaces or properties with subject to rent control. Landlords of all residential rental units are required to change the smoke alarms to conform to senate bill No.745.

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Understanding the Eviction Process in Redding, CA: A Complete Guide

Authority Property Management

These include the nonpayment of rent, excessive property damage, illegal property use, repeated lease violations and illegal use of the property. They are as follows: 3-Days’ Notice to Pay : nonpayment of rent is a serious lease violation. As per the state of California laws, rent becomes late the day after it falls due.