What Will Happen With Apartment Rents in 2013? [Video]

Question

I found this video on LinkedIn discussing rental rates for 2012 and 2013: http://www.propertymanagementinsider.com/what-will-happen-with-apartment-rents-in-2013.html

My market is Las Vegas. Link states: "Las Vegas was the country’s sole large market that completely missed out on rent growth in 2012, as prices were cut 1.7 percent."

This is due to the huge increase in demand of the rental properties from investors. They are buying them all up and dumping them on the rental market. This is heavily increasing the rental supply.

I hope this gives some insight to why our rental rates are decreasing.

Robert Adams · Answer

It will be interesting to see the affects of both inventory and the rental market after the changes take affect. At this point it sounds like there are several recommendations that have been submitted but no solid answers as to what will happen yet.

Phillip Dwyer · Answer

To add to Robert's post, AB284 is also hurting the rental market. If people can stay in their houses for free why would they rent? Hopefully, the legislature loosens this up soon.

What Will Happen With Apartment Rents in 2013? [Video]

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