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!
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