You Want to Raise My Rent How Much?

By
Real Estate Agent

We recently reported that investment purchases in 2014 fell 7.4% for the year, that combined with a diminished supply of distressed inventory allowing for big profits, has real estate investors looking for a new way to make more money in 2015.

So if they don’t have new properties to buy… how would they make more money? Easy… they are going to raise your rent!

A recent article from Bloomberg Business gave insight into exactly what the CEO’s of major investment firms are thinking.

“We are focusing aggressively on rent bumps,” American Residential Properties CEO Stephen Schmitz said during a panel discussion. “There’s a supply imbalance in some markets. The same thing that keeps occupancy high also drives rents.”

How Much Are They Going To Raise Your Rent?

Rental rates are predicted to increase 4% on renewals and as much as 5.7% for new tenants.

Haendel St. Juste, a Morgan Stanley analyst put it this way:

“The focus is now on optimizing revenue, compared to getting heads in beds,”

So What Can You Do?

If you are one of the millions of renters out there dreading the day that you have to renew your lease, or planning to move into a new rental property, now may be the time to sit with a real estate professional and evaluate your ability to lock in your housing cost, by buying now.

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Rainer
25,344
Mari Armstrong
ArmsLink Realty - Murrells Inlet, SC
Offering You Honesty, Sincerity and Integrity

I work in an office that also has a long term rental divison. I am amazed at how high the property manager is raising rents lately. We're in a market where we receive a lot of Northerners who are used to paying higher prices so the properties are renting very quickly. I feel bad for our locals who are looking to make a move because they are being priced right out of the market.

May 20, 2015 12:20 PM #1
Rainmaker
3,985,224
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Even in small towns we see this.  There are few available for families

May 20, 2015 01:10 PM #2
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Rainer
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Kull Realty Group

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