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We are seeing a significant increase in investor clients.  Renting as a lifestyle choice is becoming more popular, which is one of the factors investors site for buying a rental property now.

Some 2 million new renter-occupied households were added in 2014, according to a January 28 report from the U.S. Census Bureau.  The 2 million new occupied rental units include apartments, duplexes, triplexes, quadplexes and rented single-family homes.

Rental housing as a whole was 93% occupied in the fourth quarter of 2014, the report stated, the highest since 1993.

Renter-by-choice has been a common buzzword in apartment circles. Apartments’ increased popularity is partly a function of millennials delaying homeownership along with some empty-nesters downsizing.

We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!

Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management services.
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