Buildium
JANUARY 21, 2025
But on the other hand, their growth expectations are, again, equivalent or greater than their expectations back in 2019 and 2020. This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. 41% will expand the services they provide.
T&H Realty
FEBRUARY 10, 2025
Maintenance & Repairs: The price of labor and materials has surged, with some construction materials seeing a 10-20% increase. Case Study: The Cash Flow Shift for a Local Investor To illustrate these challenges, lets examine the case of a real investor, Chris, who purchased a rental property in Indianapolis in 2019.
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American Apartment Owners Association
DECEMBER 2, 2024
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. The friend cut him a deal on rent, Evans also helps out with tasks such as property maintenance.
Buildium
NOVEMBER 25, 2024
As a result, rent growth has outpaced wage growth in recent years: Between 2019 and 2023, rents rose by 28%, while wages increased by 22%, according to Harvard’s Joint Center for Housing Studies. This trend is expected to continue for the foreseeable future.
Authority Property Management
MARCH 28, 2025
Administrative Effort: Raising rent involves notifying tenants, updating leases, and ensuring compliance with California's rent control laws (like the Tenant Protection Act of 2019 ), which can feel like a hassle. rising maintenance costs) to build understanding. Communicate Clearly: Explain the "why" behind the increase (e.g.,
American Apartment Owners Association
NOVEMBER 27, 2024
Practice proactive risk management strategies like robust tenant screening and maintenance plans. Implement proactive risk management strategies like robust tenant screening and preventive maintenance. Additionally, incorporating preventive maintenance strategies is key to controlling costs and extending the life of your property.
Rental Choice
MARCH 5, 2024
Over half a million low-rent apartment units were lost between 2019 and 2022. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. In 2022, a record-high number of renter households (approximately 22.4 million) spent over 30% of their income on utilities and rent. has lost 2.1
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