SALT LAKE CITY - April 29, 2015 - (BUSINESS WIRE) - Real Property Management, the nation’s leading property management company, forecasts landlords should expect a positive rental market through the second quarter. The projection is based on the company’s “Economic Snapshot for Landlords,” an analysis of 14 key economic factors known to impact the rental market.
View Real Property Management’s second quarter “Economic Snapshot for Landlords” to see whether recent market indicators trend positive, neutral or negative for rental property investors: http://www.realpropertymgt.com/about-us-contact-us/newsroom/q2-2015-rental-property-investment-forecast-landlords
Key trends from the snapshot that suggest a positive economic outlook for rental property investors through the second quarter include:
Although most indicators point to a positive or neutral road ahead, Real Property Management cautions that landlords may have fewer investment opportunities in the second quarter – especially at distressed levels – as the number of foreclosures continues to drop. In February, CoreLogic® reported 553,000 foreclosures compared to 761,000 a year earlier4.
“There seems to be a dearth of available information about the state of the rental housing industry – especially for landlords – and we’re endeavoring to change that with quarterly rental market snapshots,” said Don Lawby, President of Property Management Business Solutions, the franchisor of Real Property Management. “Through the second quarter, our outlook for landlords looks very positive.”
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.
Sources: 1. Proprietary vacancy rate data provided by RentRange©; 2. U.S. Census Bureau: Residential Vacancies and Homeownership in the Fourth Quarter 2014; 3. U.S. Census Bureau of Labor Statistics, April 17, 2015; 4. CoreLogic®, February 2015.
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/.
SOURCE Real Property Management