05/14/2013 (press release: LeaseRunner) // Louisville, Colorado, USA // Joe Buczkowski
LeaseRunner, a comprehensive online tenant screening and lease management services provider, has delivered its 2nd Annual Rental Industry Report reflecting key trends in the industry as reflected in data collected from real estate investors, real estate agents and accidental landlords.
Highlighting this year’s edition of their Rental Industry Report is the current economic environment for rental property management. In particular the report notes an anticipated uptick in charged rent and tenant demand for open rental units.
LeaseRunner is well-positioned to conduct and report on the conditions of the rental housing sector given its in-depth knowledge and penetration of this market. The company is fast-becoming the industry leader in online tenant screening and rental credit check services, gaining a significant foothold in the industry by using a digital leasing web application that allows users to manage leasing transactions from any web-connected device.
The company’s digital lease documents and online rent payments are popular service features with independent landlords and real estate professionals alike, and LeaseRunner’s tenant screening services can be integrated quickly and easily with online rental applications and rental ads, which is also extremely popular with its clients.
LeaseRunner has established a foothold in online tenant services and, as such, the company is an ideal source for collecting data and analyzing trends from the rental housing market. Their annual Rental Industry Report is compiled from data taken from their customer base, which consists of real estate agents, brokers, investors, accidental landlords and property managers from more than 2,000 cities nationwide. It is a must-read for professionals in the rental housing market and a valued reference for anyone involved in the industry. This year’s report revealed several noteworthy trends that bear consideration.
One of the standouts from this year’s report is the indication that rents are expected to climb, according to 60 percent of those surveyed and that 95% of the survey respondents to say that this is not the time to be thinking about selling rental property. Another bright spot reflected in the report is that 71% of respondents indicated that typically they will see three or more prospective tenants vying for a single rental vacancy, supporting demand for available units over the next year.
“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,” LeaseRunner founder and CEO, Joe Buczkowski said. “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’s annual survey also contains data and market trends broken down by industry groups, which means the data and trends presented may be further analyzed for information impacting very specific sectors. For example, this year’s report has 78% of real estate agents and 76% of real estate investors indicating they are considering buying investment properties over the next two years. However, when analyzed further, the data shows that within the accidental landlords category, less than 58% say that they will be looking to purchase investment property.
The annual LeaseRunner Rental Industry Report has become an important resource for everyone in the rental market industry, and this year’s survey certainly makes for particularly critical reading considering the overall turbulence in the U.S. housing market. In short, purchasing activity for long-term investment purposes is on the the rise, which is information real estate agents can use effectively to help steer sales and and keep their finger on the pulse of investor trends.
“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 services and digital leasing web applications provider, making it possible for property owners and managers to handle leasing transactions, credit and background checks and digital signing of documents, all online and from any web connected device.
For more information about LeaseRunner visit their website or call 303-468-8018.
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