Here are Apartment List’s economists’ predictions for rental markets in 2024 based on previous years’ cooling. Apartment construction will hit its peak in 2024, the strongest year in decades for apartment construction. In 2024, renters will have more options and better chances of negotiating prices and lease terms. It’s expected that rent growth will emerge […]
Property Management
What you need to know about property management
Rent is set and collected, maintenance requests are handled, and vacant units are filled by property managers. A property manager takes care of properties that real estate investors can’t handle personally or don’t live near. The duties of these individuals include maintaining the property, complying with local laws and laws governing landlords and real estate […]
Fire Safety, HVAC, and Electrical System Maintenance Checklist
Creating a rental property maintenance checklist for electrical, fire safety, and HVAC issues No. 1 – Electrical Maintenance Checklist Landlords should consider the following electrical considerations: Use a tester to verify that outlets are wired properly, that polarity is correct, and that they are grounded. In case of an unground outlet, an electrician should ground […]
Rental properties have tax advantages
A third of the 123 million households in the US are occupied by renters, so you’re in the right place if you’re looking to rent out a property. You could make a lot of money by renting out your property if you make the right investment. It can be difficult to manage a rental property […]
Forecast for the housing market in 2024 and 2025
Trends and Opportunities in the US Housing Market 2024. Housing market trends and fluctuations are key indicators of the economy’s overall health, serving as a focal point in economic discussions. For homebuyers, sellers, and investors, it’s important to analyse current market conditions and predict what lies ahead in 2024. Challenges to supply despite continued demand: […]
The rental market is predicted to grow in 2024
Apartment List economists predict 7 trends for 2024 in the wake of the once-hot rental market of previous years. The following is a summary of key developments for 2024: Renters will have more options and better bargaining power in 2024 when new apartment construction reaches its highest level in decades. Next year, year-over-year rent growth […]