It's a normal occurrence, as the economy dips and fewer people are buying, rental pricing increases. Simple supply and demand. Good news for owners and management companies.
Here is a great article that shines some light on the current national information:
http://www.multifamilybiz.com/News/5011/Rents_Rose_35_Percent_Nationally_Jumping_Higher_fo...
Are you maximizing your rent potential? Central California is experiencing a surge in rental pricing now. Our average rent increase is closer to 6% versus the national average of 3.5%
Mission Real Estate & Property Management, Inc. is here to assist you with any questions you have concerning your investment property. Call us today for a free income and expense analysis including a plan to maximize your rent potential.
www.MissionRE.com
Athena Magruder
VP Operations
Mission Real Estate & Property Management, Inc.
3600 Pegasus Dr #15 Bakersfield, CA 93308
(661) 829-7839
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