A lot of statistics in the attached but worth spending a few minutes to absorb, particularly if you’re an apartment owner or a renter. One-in-five renters expect to be renters for life. Approximately two thirds of renters say renting ‘fits their current lifestyle.’ This is exemplified in the article as it states that one-third of renters have the financial horsepower to purchase a home but prefer renting (“lifestyle renters”). One-fourth of renters have credit scores of 750 or above, and could likely qualify for a home loan, but remain renters. There are numerous other statistics that, if nothing else, help one to better understand the mindset and attitude of many renters today.  

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.