An article in the WSJ today talks about how owners who cannot sell their home are not turning to renting out their properties and have become accidental landlords.

Some stats from the article:

Accidental landlords aren't big players in real estate: 67% own only one property. They are more likely to have a full-time job in addition to managing a property: 80%, compared to 67% of landlords who bought property with the intention of renting it. Many purchased during the real-estate frenzy of the past few years: 72% have owned the properties they're renting out for nine years or less.

Accidental landlords are mostly middle-aged: 47% are between the ages of 45 and 54, compared with 35% of intentional landlords. They're also more likely to be female (56%, compared with 36% of intentional landlords).

Rents are on the rise across the U.S. -- nationwide, apartment rents average $939, up 4.4% from a year ago, according to real-estate research firm Reis, Inc.

Times will get tougher for renters over the next year: Nearly seven out of 10 intentional landlords and 55% of accidental ones plan to raise rents over the next 12 months.

 --------------------

Rental Advertising

 

0 Comments on Accidental Landlords Leasing out Their Homes
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Lisa Ray

Englewood, CO

More about me…

Rent Marketer

Address: 9800 Mount Pyramid Court Suite 400, Englewood, CO, 80237

Office Phone: (720) 895-1918

Email Me



Links

Archives

RSS 2.0 Feed for this blog