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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Softening Rental Markets According to the report, apartment growth has stalled. However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Yes, many new apartments may become available according to the 2024 rental market predictions. It dropped from 15.3% to just 0.4%.

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Rent Control 101: Understanding the Basics

American Apartment Owners Association

In 2019, both California and Oregon signed statewide rent control laws. As of 2019, only Oregon and California have passed statewide rent control laws. A rent-controlled apartment is extremely attractive to tenants. However, its important to note that rent control isnt applied everywhere in the U.S. Rent control laws in the U.S.

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Rental Home or Apartment Alterations

Authority Property Management

Updated 1/6/2019 When you rent a home or apartment, you want to put some of your touches on it. True, owners love tenants that take good care of their places, keep the home or apartment clean and tidy and invest in the units, these types of tenants are appreciated. You might want to make some of your own improvements.

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Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.

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How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

Since 2019, he has built a diverse portfolio that includes out-of-state rental properties, single-family homes, and large multi-family deals. His extensive experience has equipped him to address the unique financial needs and challenges that come with real estate investments.

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Employee Spotlight – David Rosenfeld, Senior Leasing Agent

Bay Property Management Group

Then, he joined Bay Property Management Group all the way back in 2019. To him, it is that extra communication, follow up, and quick response time that sets us apart from many other companies. As you can imagine, David’s hard work is integral to keeping the gears of our company running.

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National Median Monthly Rent Ended Year Lower Than It Started

Rental Housing Journal

percent, or $8, from the prior month, Apartment List says in their January report , ending the year lower than it started. percent, meaning that the typical apartment is currently renting for slightly less than it was one year ago. However, vacancy trends can be highly localized, Apartment List points out.

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