The foreclosure crisis has created new competition for the apartment industry-thousands of houses and condos being rented out by investors who cannot sell their properties and individuals who cannot afford their mortgages.
Your best defense against these “shadow” rentals is what the National Multifamily Housing Council calls the “professional advantage.” Now a new, consumer-friendly brochure, Your Best Start to Renting Smart: Rent From the Pros, makes the case for you.
The perfect addition to your leasing information packet, this brochure promotes the financial benefits of renting, warns renters of the risks of renting from a private individual and highlights the benefits of choosing a professionally managed apartment.
- The Risk is Real. Nearly 40 percent of today’s foreclosures involve a single-family house, condominium or other housing rented out by its owner.
- The Professional Advantage. Professionally managed apartments not only offer a greater degree of financial security, they also provide residents with a much higher standard of service, including on-site maintenance, first-class amenities and a higher standard of customer care.
- The Financial Advantage. Renters save an average of $560 every month just by choosing to rent over buying a house. And they don’t risk investing in a depreciating asset. A $100 investment in housing in 1985 would be worth $293 today; that same $100 placed in stocks would be worth $1,146-nearly four times as much.