4th Quarter 2009 Apartment Vacancy Hits 8%
Reis, Inc., a real estate research firm just released its 4th Quarter 2009 apartment vacancy report. As expected, it hit 8%—the highest in thirty years. The poor state of the U.S. job market continues to be blamed, as job creation lags behind other positive economic indicators. Young people, who are typically apartment renters, have been [...]
Categories: Housing Trends, Landlord Tenant, Rental Market, Rental Property Management, Renting and Leasing, US Apartment Vacancies, Vacancy Rate Tags: landlord, property, rental, tenant
3rd Quarter 2009 Vacancy Hits 7.8%
Where are all the tenants? Some are moving back home with mom and dad. Or returning to school and living with relatives. Others took in roommates to help pay the rent, or are staying with friends temporarily. These are some of the reasons tenants are out of the rental market, causing the U.S. apartment vacancy rate [...]
Categories: Housing Trends, Keeping Good Tenants, Landlord Tenant, Rental Market, Rental Property Management, Renting and Leasing, US Apartment Vacancies, Vacancy Rate Tags: background, employment, landlord, rental, tenant
Keeping Good Tenants: Renewing the Lease
Keeping rental units filled: it’s the number one job of any landlord or property manager. If you have tenants who want to renew their leases, then you are doing it well! Before you decide whether or not to allow a tenant to renew her lease, consider the pros and cons: The pros: 1. There is no “break-in” [...]
Categories: Keeping Good Tenants, Landlord Paperwork and Forms, Landlord Tenant, Landlord Tips, Renewing Leases, Rental Property Management, Renting and Leasing Tags: best, landlord, property, rental, tenant
Transitioning from Old Tenant to New Tenant
It’s a good idea to prepare for losing a tenant before the lease is actually up. Go to your file cabinet and pull the tenant’s file for review. Make sure you have all the necessary paperwork in order, including any notices required if you do not wish to renew the lease. Or, if the tenant [...]
Categories: Landlord Tenant, Landlord Tips, Rental Property Management, Renting and Leasing, Transition between Tenants Tags: background, complete, landlord, property, rental, tenant
Incentives to Attract Good Tenants
If you’re a landlord with a vacancy or two, fall can be a difficult time or year to fill them. Coupled with the renter’s market we’re in, you could need to think more creatively to turn those vacancies into occupied rentals. Here are some great ideas to try if you want to attract great tenants: Lower [...]
Categories: Attract Good Tenants, Landlord Tenant, Landlord Tips, Marketing for Landlords, Rent Incentives, Rental Property Management, Renting and Leasing, Rents and Deposits Tags: check, free, landlord, property, rental, tenant