It’s true that marketing a house during coronavirus may require a few different approaches than you might use in more ideal, typical selling circumstances. However, DIY solutions can still
You Want To Raise My Rent How Much
Dated: May 13 2015
Views: 345
We recently reported that investment purchases in 2014 fell 7.4% for the year, that combined with a diminished supply of distressed inventory allowing for big profits, has real estate investors looking for a new way to make more money in 2015.
So if they don’t have new properties to buy… how would they make more money? Easy… they are going to raise your rent!
A recent article from Bloomberg Business gave insight into exactly what the CEO’s of major investment firms are thinking.
“We are focusing aggressively on rent bumps,” American Residential Properties CEO Stephen Schmitz said during a panel discussion. “There’s a supply imbalance in some markets. The same thing that keeps occupancy high also drives rents.”
How Much Are They Going To Raise Your Rent?
Rental rates are predicted to increase 4% on renewals and as much as 5.7% for new tenants.
Haendel St. Juste, a Morgan Stanley analyst put it this way:
“The focus is now on optimizing revenue, compared to getting heads in beds,”
So What Can You Do?
If you are one of the millions of renters out there dreading the day that you have to renew your lease, or planning to move into a new rental property, now may be the time to sit with a real estate professional and evaluate your ability to lock in your housing cost, by buying now.
Latest Blog Posts
Protect Your Email From Latest Hacking Trend DAILY REAL ESTATE NEWS | FRIDAY, OCTOBER 27, 2017 Many real estate professionals have become keenly aware of targeted wire fraud scams that
Want to take your career to the next level? Try implementing these 6 steps that I have learned in my time at Keller Williams called the 6 Personal Perspectives. These are
Breaking Down the Big, Scary Listing Agreement Into a Deal You Understand LOGISTICS CONTRACTS, DISCLOSURES, AND PAPERWORK by Corinne RiveraPosted onJuly 16, 20186-8 minute
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Chopper Russo Team are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. and Chopper Russo Team. Real estate listings held by other brokerage firms are marked as IDX listing. Information deemed reliable but not guaranteed. Copyright © 2021 Garden State Multiple Listing Service, L.L.C. All rights reserved. This information is being provided for Consumer's personal, non-commercial use and may not be used for any purpose other
