LeaseRunner Rental Survey Reveals Increased Tenant Demand, Rising Rents
May 15, 2013 (PRLEAP.COM) Business NewsLouisville, Colorado - LeaseRunner, a comprehensive online tenant screening service, has made public the results of its Second Annual Rental Industry Report, which highlights projections for an uptick in rental charges, coupled with increased rental applicant demand.
The LeaseRunner report compiles data collected from real estate investors, real estate agents and accidental landlords. Highlighting this year's survey is the current economic environment and its impact on rental property management, as well as changes in charged rent, demand of applicants and long-term investment trends.
The standouts from the 2013 report include the revelation that a vast majority of the respondents agree this is a good time to hold off on selling rental properties. In addition, some 60% of those surveyed see rents rising over the next 12 months. Higher rents, the survey results show, will be accompanied by increased demand on the part of tenants, as roughly 71% of the respondents said that when their properties do become available, three or more prospective tenants will typically compete for the lease.
"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," said LeaseRunner founder and CEO, Joe Buczkowski. "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 in-depth knowledge and penetration of the rental sector puts the company in solid positioning to conduct and compile data on the rental sector. The company is considered to be an industry leader in providing the best tenant screening services by offering unsurpassed digital leasing web applications that allows users to manage leasing transactions from any web-connected device.
Independent landlords and real estate professionals alike utilize the company's digital lease documents and online rental payment features to simplify the landlord management process. LeaseRunner's tenant screening services can also be integrated quickly and easily with online rental applications and rental ads, giving clients a full spectrum of highly effective online rental property management tools
LeaseRunner's 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.
LeaseRunner's annual survey also contains data and market trends broken down by industry groupings. This means that, although rental housing market data and trends are presented in the aggregate, those using the survey to analyze the market can dig deeper into the report to evaluate survey responses from each sector polled. For example, this year's report notes that while 78% of real estate agents and 76% of real estate investors say they are contemplating investment property purchases over the the next two years, only 54% of accidental landlords say that they will also be in the market to purchase investment property.
The trends revealed in this edition of LeaseRunner's report make for particularly critical reading considering the the turbulence in the U.S. housing market, particularly with respect to the investment sector.
"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," said Buczkowski.
About LeaseRunner: LeaseRunner provides comprehensive online tenant screening services, including digital leasing web applications and tenant screening technology for landlords and all real estate professionals. The company's list of valuable rental property management tools include online credit and criminal records checking, landlord rental application processing, online rental applications and leases using digital signing and online rent collection.
For more information about LeaseRunner visit their website or call 303-468-8018.