SALT LAKE CITY - January 26, 2015 - (BUSINESS WIRE) - Real Property Management, the nation's leading property management company, forecasts that landlords of single-family homes can expect steady demand from renters through 2015. The projection is based on an analysis of economic factors known to impact the rental market conducted by Real Property Management.
In post-recession America, families have increasingly turned to renting homes as a way to enjoy the lifestyle of homeownership without the significant financial commitments that come with buying. Since 2006, the number of renter-occupied single-family homes has soared 31 percent, according to the U.S. Census, a shift that has been a boon to real estate investors.
Further underscoring the strength of the home rental market, Real Property Management added thousands of new properties nationwide last year as landlords sought the company's help in overseeing the day-to-day management of their investment properties. The market conditions that have made single-family home investments attractive will continue through the next year, says Real Property Real Property Management Chief Marketing Officer Robert Pifke.
"Even though the economy is improving, many families will continue to view renting homes more financially feasible than buying in the foreseeable future," said Pifke. "In the year ahead, landlords should expect the rental market to be steady as she goes."
In making the forecast, the experts at Real Property Management analyzed a host of economic conditions from the perspective of landlords. Key trends signaling the health of the rental market include:
Real Property Management is the leading property management franchise in the nation with more than 260 offices in 44 states. The company specializes in managing single-family homes, townhomes, condos, multiplexes and small apartment buildings. Its services include finding and screening tenants, completing the lease agreements, collecting rent, maintaining the building and grounds, arranging for any necessary repairs on a 24-hour basis, and processing evictions when necessary. Real Property Management also manages the legal compliance for both state and federal real estate law.
For more information, visit: www.realpropertymgt.com.
Real Property Management is a privately held, Utah based corporation with over 25 years of experience providing full-service residential property management for investors and homeowners from more than 260 offices throughout the United States and Canada. For more information about Real Property Management, property management services or franchising opportunities, visit http://www.realpropertymgt.com/ or www.propertymanagementfranchise.com/.