SOURCE: LeaseRunner

May 15, 2013 13:49 ET

LeaseRunner Reveals Forecasts, Data Trends for Rental Housing Sector in Annual Survey

LOUISVILLE, CO--(Marketwired - May 15, 2013) - LeaseRunner, a comprehensive online tenant screening service, has released the results of its 2nd Annual Rental Industry Report, revealing rising rents and increased tenant demand for available rental units. 

LeaseRunner, which has established a foothold in online tenant screening services, is a leading provider of critical online property management data. Their survey is compiled from data taken from its customer base of real estate agents, brokers, investors, accidental landlords and property managers from 2,000 cities nationwide. The LeaseRunner report is fast-becoming a must-read for professionals in the rental housing market and a valued reference for anyone involved in the industry.

This year's report revealed several noteworthy trends that bear consideration. For instance, 95% of all respondents say now is not the time to sell rental property, while according to 60% percent of those surveyed, rents are expected to rise, boosting rental incomes over the next 12 months. In addition, 71% of respondents said that when their properties are for rent, three or more parties will typically compete for the lease, reflecting another bright spot for the industry across the board.

In commenting on the trends found in their annual report, LeaseRunner founder and CEO, Joe Buczkowski said, "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."

LeaseRunner is on solid footing when it comes to collecting and analyzing data for its report, given its in-depth knowledge and penetration of the market segment. The company is well-known and respected for its highly effective, digital leasing web application that allows users to manage leasing transactions from any web-connected device. Their digital lease documents and online rent payments are popular service features with independent landlords and real estate professionals, and its tenant screening features can all be integrated quickly and easily with online rental applications and rental ads, a major draw for users across the industry.

LeaseRunner's annual survey also contains data and market trends broken down by industry groupings, making it possible for readers to also dig deeper into the report to analyze survey responses from each group polled. For example, this year's report notes that while 78% of real estate agents and 76% of real estate investors say that they are considering buying investment properties in the next two years, only 54% of accidental landlords say that they will also be in the market to purchase investment property. 

"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," Buczkowski said.

The annual LeaseRunner Rental Industry Report has become an important resource for everyone in the rental market industry. The trends spotlighted in the 2nd annual edition of this year's report make for particularly critical reading considering the overall turbulence in the U.S. housing market, a point well-understood by the folks at LeaseRunner and one that agents and realtors can and should be tapping, Buczkowski suggests.

"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," added Buczkowski.

About LeaseRunner: LeaseRunner is a comprehensive online tenant screening service offering digital leasing web applications that can be managed from any web-connected device. Clients enjoy online tenant screening technology, as well as credit and criminal records, landlord rental applications, tenant rental applications, online rental lease processing using digital signing and online rent collections processing.

For more information about LeaseRunner visit their website or call 303-468-8018.

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