Take a drive through the urban portion of any major city and you will likely see cranes and construction crews dotting the landscape, building what appears to be an endless supply of apartment units. Your eyes are not deceiving you. Construction in 24 of the top 27 apartment markets in the country has eclipsed 24-year historical averages.
Archives for July 2015
Good tenants are hard to find. Add to that the cost of advertising for new tenants, the cost of cleaning and restoring the unit, and the loss in rental income during the vacancy, you want to make sure that your best tenants don’t move out any time soon. Here are a few tips to keep your tenants happy and ensure that they stay with you as long as possible.
The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report. The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents. However, there was also information buried within the report that revealed that now is definitely the time to buy.