2019 Maintenance Rent 
American Apartment Owners Association
DECEMBER 2, 2024
Rent costs have long weighed on lower-income households — now it’s coming for the middle class. 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.
American Apartment Owners Association
SEPTEMBER 13, 2022
As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. Each location has its own different requirements and details regarding rent control.
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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.
Rental Choice
MARCH 5, 2024
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. This maximum rent is affordable to those in the $24,000 annual income bracket.
Rental Housing Journal
JANUARY 7, 2025
The national median monthly rent closed out 2024 at $1,373 in December, after declining by 0.6 Year-over-year rent growth nationally also currently stands at -0.6 percent, meaning that the typical apartment is currently renting for slightly less than it was one year ago.
Buildium
NOVEMBER 25, 2024
We’re still seeing the downstream effects of the Fed’s interest rate increases, as well as softening rent growth, cascade through the development sector. (A A similar trend is expected to play out in the build-to-rent sector.) Household formation has been strong: According to Harvard’s Joint Center for Housing Studies , 1.5
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.
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