LeaseRunner Releases Annual Survey Tracking U.S. Rental Property Trends
LeaseRunner, a comprehensive online tenant screening service, has released the results of its second annual Rental Industry Report offering data on the latest trends impacting the rental housing sector.
Louisville, Colorado – LeaseRunner, a widely respected online tenant screening and rental property management services provider, has made public the results of its second annual Rental Industry Report, which deals specifically with the economic climate and its impact on rent prices, tenant demand and long-term investment forecasts.
LeaseRunner’s report, which contains critical, first-hand data collected from its customer base of real estate investors, agents and accidental landlords across some 2,000 cities nationwide, reveals targeted economic issues as they relate to the rental property sector and the housing U.S. housing market in general.
Among the highlights of this year’s report is that rents, according to some 60 percent of the respondents, are expected to rise over the next year. In addition, tenant demand, according to 71 percent of the respondents, could not be stronger, as they report that for every vacancy, three or more prospective tenants will show interest. In addition, 95 percent of the respondents say that this is not the time to sell investment properties.
LeaseRunner’s annual survey also contains data and market trends broken down by industry groupings. So, while their rental housing market data and trends are presented in the aggregate, readers are also able to dig down further into the report to analyze survey responses from each group polled. For example, while 78 percent of real estate agents and 76 percent of real estate investors say that they are considering buying investment properties in the next two years, only 54 percent of accidental landlords indicate they will also be in the market to purchase investment property.
"We’ve learned that most real estate agents and investors are looking to buy long term, since income properties are a significant part of their retirement plan,” said LeaseRunner founder and CEO, Joe Buczkowski. “Conversely, we’ve learned that many accidental landlords are not looking to hold long term, and they will likely be the first group to sell in the near term.”
LeaseRunner is in solid position to conduct and report on the conditions of the rental housing market. The company’s in-depth knowledge and penetration into the housing sector through its highly effective tenant screening and property management services may be easily and quickly integrated with online renter credit check and rental ads. Its widely popular online features, such as its digital leasing web applications that allow users to manage leasing transactions from any web-connected device, are pushing the company toward becoming one of the most trusted resources for independent landlords and real estate professionals alike.
LeaseRunner’s Rental Industry Report is compiled from data taken directly from its customer database and is considered a must-read for professionals in the rental housing market and a valued reference for anyone involved in the industry. The trends spotlighted in this year’s report make for particularly critical reading considering the overall turbulence in the U.S. housing market, specifically pointing to solid long-term investment in the sector and the impact for real estate professionals who work with rental property transactions.
“The survey results show that real estate professionals and investors are actively looking to acquire investment properties, so real estate agents must understand how to analyze and market a property from the investor’s point of view,” added Buczkowski.
About LeaseRunner: LeaseRunner is a comprehensive online tenant screening and rental management services provider, offering highly efficient digital leasing web applications that allow users to manage leasing transactions from any web-connected device. These include tenant screening technology for landlords and all real estate professionals, as well as credit and criminal records, landlord rental applications, online rental application through digital signing technology, and rental payment collections.
For more information about LeaseRunner visit their website or call 303-468-8018.
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