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Rent Increase is Now 10%

Genuine Property Management

Therefore, effective August 1, 2022, and through July 31, 2023, for residents that are NOT subject to any local rent control limits, you may increase rent in Orange County by 10%. If you have already increased […] The post Rent Increase is Now 10% appeared first on Welcome to Genuine Property Management.

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Rents Forecast to Rise in 2025 and 2026

Rental Housing Journal

CoStar Group forecasts that as the new apartment supply is absorbed, new data shows there will be an increase in rents in 2025 and 2026, ending the lower prices “many renters have had over the last couple of years as a result of the post-COVID multifamily supply glut,” the company says in a release. in Q3 2023.

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

Buildium

But when we look at the rate of growth that companies expect, we can see that they anticipate a slower pace of revenue growth over the next two years than they did back in 2023. On one hand, companies are anticipating less revenue growth over the next two years than they projected in 2022 and 2023.

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Q2 2023 Single-Family Rent Report: Florida

Rentometer

Summary This rental market report examines rent prices for five of the most analyzed Florida cities on Rentometer in Q2 2023. According to our data, Fort Myers had the largest year-over-year rent increase of 32%, while Jacksonville experienced no significant changes in rent price since this time last year.

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Q1 2023 Apartment Rent Report: Portland, OR

Rentometer

Summary This rental market report looks at how Portland, Oregon apartment rent prices have changed in Q1 2023. According to our data, two-bedroom apartments had the largest rent price increase of 20% while three-bedroom apartments had the smallest increase of 11%. View Full Report

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Q2 2023 Single-Family Rent Report: Tennessee

Rentometer

Summary This rental market report examines rent prices for five of the most analyzed Tennessee cities on Rentometer in Q2 2023. According to our data, Nashville had the largest year-over-year rent price increase of 11%, while Memphis had a decrease of -2%. View Full Report

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