LeaseRunner Releases 2nd Annual Rental Industry Report
LeaseRunner, a comprehensive online tenant screening service, releases results from its 2nd annual Rental Industry Report on the latest trends in the rental housing market.
- Albany, GA (1888PressRelease) July 03, 2013 - LeaseRunner, a comprehensive online tenant screening service, recently announced the results from their 2nd Annual Rental Industry Report. The report reveals industry trends as seen 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 in managing rental properties and the changes in charged rent, demand of applicants, further property investment decisions as well as other issues related to the rental housing market.
LeaseRunner is well-suited to conduct and report on the conditions of the rental housing market given their in-depth knowledge and penetration of this market segment. They are an industry leader in online tenant screening services, having gained a significant foothold in the business by using a digital leasing web application that allows users to manage leasing transactions from any web-connected device. Their digital lease documents and online rent payments are popular service features with independent landlords and real estate professionals. LeaseRunner's tenant screening services can be integrated quickly and easily with online rental applications and rental ads, which is also a big hit with their 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 2000 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.
Among the highlights of this year's report is the overwhelming belief by 95% of all respondents that now is not the time to sell any property, even investment property. Rents are expected to move higher with 60% of those surveyed believing that their rental income will increase over the next 12 months. Another bright spot for the industry is that more than 71% of respondents said that when their properties are for rent, three or more parties have been interested in renting them.
In commenting on the trends found in their annual report, LeaseRunner founder and CEO, Joe Buczkowski said, "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. Conversely, 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 groupings. So, while their rental housing market data and trends are presented in the aggregate, readers are also able to dig down further into the report to analyze survey responses from each group polled. For example, this year's report notes that while 78% of real estate agents and 76% real estate investors say that they are considering buying investment properties in the next two years, only 54% of accidental landlords say that 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 the 2nd annual edition of this year's report make for particularly critical reading considering 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," added Buczkowski.
About LeaseRunner: LeaseRunner is a comprehensive online tenant screening service offering digital leasing web applications that allow users to manage leasing transactions from any web-connected device. They provide their tenant screening technology for landlords and all real estate professionals as well as credit and criminal records, landlord rental applications, online rental applications, online rental leases with digital signing and online rent collection.
For more information about LeaseRunner visit their website or call 303-468-8018.
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