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,
Louisville, CO (PRWEB) May 16, 2013
LeaseRunner, a comprehensive online tenant screening service, has released the findings from its Second Annual Rental Industry Report, which indicates rising rental charges over the next year and increased demand for rental units.
LeaseRunner’s Rental Industry Report reveals industry trends as seen in data collected from real estate investors, real estate agents and accidental landlords. This year the highlights center on economic factors leading to increases in rents over the next 12 months, as well as rising demand by tenants for available rental units and overall rental market trends.
Several noteworthy trends emerged in the new report, most notably, that roughly 95% of all respondents’ to the survey indicated that now is not the time to sell investment property. In addition, roughly 60% of those surveyed said they believe that their rental income will increase over the next 12 months, while more than 71% of respondents said that when their properties do become available, three or more prospective tenants typically compete for the lease.
In commenting on the trends found in his company’s annual report, LeaseRunner founder and CEO, Joe Buczkowski said, with the exception of “accidental” landlords, investors have their eye on the long-term.
"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,” Buczkowski said. “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 well positioned to conduct and report on the conditions of the rental market, given the company’s in-depth knowledge and penetration of this critical component of the housing sector. The company’s foothold in the online tenant credit check and screening services arena is linked to its widely popular digital leasing web application feature, which makes it possible to manage lease transactions from any web-connected device.
In addition, LeaseRunner’s digital lease documents and online rental payment features, screening services and advertising component are highly valued by independent landlords and real estate professionals alike.
LeaseRunner’s annual Rental Industry Report is compiled from data taken from its existing customer base, which consists of real estate agents, brokers, investors, accidental landlords and property managers from more than 2,000 cities nationwide. The report is fast becoming a must-read for professionals in the rental housing market and a valued reference for anyone involved in the industry.
LeaseRunner's annual survey also contains data and market trends broken down by industry groupings. Therefore, while its rental housing market data and trends are aggregated, readers may also use the data to analyze survey responses from each group polled. For example, this year's report indicates that while only 54% of accidental landlords indicate a desire to purchase rental property over the next two years, roughly 78% of real estate agents and 76% of real estate investors say that they are considering buying investment properties.
The trends reflected in the this year's report make for particularly critical reading considering the overall turbulence in the U.S. housing market, a point well-understood by the folks at LeaseRunner. "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," said Buczkowski.
About LeaseRunner: LeaseRunner provides tenant screening services using digital leasing web applications that allow users to manage leasing transactions from any web-connected device, including credit and criminal records checks, landlord rental application processing and management of rental transactions via digital signing and rent collection.
For more information about LeaseRunner visit their website or call 303-468-8018.