article thumbnail

Rents Rise Slightly For Second Month In A Row

Rental Housing Journal

March saw national rents rise slightly for the second month in a row, according to Apartment Lists April report. While the last two months have seen some rent increases, overall national year-over-year growth remains negative at -0.4 At the local level, 82 of the nations 100 largest cities saw rents rise in March.

Rent 94
article thumbnail

Rents Decline Again In January- Have They Hit Bottom?

Rental Housing Journal

Nationwide rents declined again in January for the sixth month in a row, according to the February report from Apartment List. Rents fell 0.2% in January a month that typically marks the bottom of the rental market each year, before rents start to rise in the spring. Year-over-year growth also remains negative at -0.5

Rent 66
Insiders

Sign Up for our Newsletter

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

article thumbnail

When Is the Last Time You Raised the Rent?

Authority Property Management

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

Rent 59
article thumbnail

Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

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.

article thumbnail

Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

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.

Rent 130
article thumbnail

Rent Control 101: Understanding the Basics

American Apartment Owners Association

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.

Rent 130
article thumbnail

How to Set Competitive Rental Prices in a Hot Market Like Gardena

Real Property Management Choice

If you have such a property for rent, youre in a pretty strong position. What should you be charging for rent? Were talking about competitive rental prices and how to know whether youre asking for the right amount of rent. But you dont want to price your home too low because that could leave you below market rent.

Rent 97