LOUISVILLE, CO, May 16, 2013 (Press-News.org) LeaseRunner, one of the nation's leading online tenant screening services, has issued the results of its Second Annual Rental Industry Report offering detailed trends and analysis impacting the rental housing sector.
The 2013 report highlights current economic environment issues and their impact on property managers, rental fees, tenant demand and general trends linked to the rental housing market. It is widely considered a must-read for professionals in the rental housing market and a valued reference for anyone involved in the industry. The report is compiled from data taken directly from its customer base, which includes real estate agents, brokers, investors, accidental landlords and property managers from more than 2,000 cities nationwide.
Highlights of the report show that roughly 95% of survey respondents believe that this is not the time to sell investment properties while roughly 60% say they anticipate their rental income to increase over the next year. In addition 71% reported that when their rental properties are available for rent, three or more prospective tenants have been interested in renting them.
"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. He then added, "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 in-depth knowledge and penetration of the rental housing market segment puts the company in a solid position to report on sales and rental trends. LeaseRunner is considered an industry leader in online tenant screening and landlord credit check services, and has obtained a significant foothold in industry through its digital leasing web application that allow users to manage leasing transactions from any web-connected device.
LeaseRunner's tenant screening services can be integrated quickly and easily with online rental applications and rental ads. Also, its digital lease documents and online rent payments are popular service features with independent landlords and real estate professionals alike.
The 2013 report also contains data and market trends segregated by industry groupings, making it possible for readers to analyze in-depth data beyond just the aggregated results. As an example, the current report suggests that while 78% of real estate agents and 76% of real estate investors say they are considering buying investment properties over the next two years, only 54% of accidental landlords say they will also be in the market to purchase investment property.
The annual LeaseRunner Rental Industry Report has become an important resource for everyone in the rental market industry. The trends spotlighted in this year's report provide critical data for anyone following 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," Buczkowski said.
About LeaseRunner: LeaseRunner is a comprehensive online tenant screening service offering digital leasing web applications that allows users to manage leasing transactions from any web-connected device. The company's services include tenant screening technology for landlords and all real estate professionals, online landlord and rental application processing and lease signing and rent collection.
For more information about LeaseRunner visit their website at http://www.leaserunner.com or call 303-468-8018.
LeaseRunner Announces Its Second Annual Rental Industry Survey Results
LeaseRunner, one of the nation's leading online tenant screening services has announced the release of its Second Annual Rental Industry Report reflecting current trends in the rental housing market.
2013-05-16
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[Press-News.org] LeaseRunner Announces Its Second Annual Rental Industry Survey ResultsLeaseRunner, one of the nation's leading online tenant screening services has announced the release of its Second Annual Rental Industry Report reflecting current trends in the rental housing market.