According to the National Apartment Association, “Asking rents increased 2% in June and are at 6.3% year over year—the largest 12-month growth since 2001. Meanwhile, occupancy is at 96.5%, the highest it has been since the later part of 2000.”
Increased Opportunity for Landlords
Increased demand, in theory, means increased opportunity for landlords. Some property owners may take advantage of the current rental market to hike up their rental prices. However, there is a golden opportunity for property managers to keep their rental prices affordable! Keeping your rental prices affordable may increase the amount of lease applicants you receive.
Tenant Screening Services
As property managers begin to receive more applicants, it’s more important than ever to invest in proper tenant screening reports and rental background checks. Tenant screening reports can search through criminal records, provide credit reports, check for previous evictions, and much more. Resident screening reports can also help landlords ensure applicants meet their standards and credit requirements.
Sign up for a free account with E-Renter® and pay only for the screening reports you order!