Ernst & Haas Management Co Blog

          Rental properties are becoming very difficult for prospects to rent. One of the main factors is the amount of vacancies versus the amount of applicants. In addition, the average US households that rented during 2004 and 2012 has increased from 31 to 35 percent, averaging approximately 43 million renters. So why is it that the market is picking up at such rate? Some speculate that it is due to the amount of foreclosures that arose in the past decade. Others argue that it is the cost of living that has changed and has forced people to rent. As vacancies become harder to find, rental prices continue to climb while wages have remained relatively stagnant. Especially in an overpopulated state like California. As a result, renters are spending less of their money on food, healthcare, clothing and their savings to accommodate the housing market. The stress however is not only felt by prospects, but mainly by landlords and property management companies that have to be the liaison between the renter and the owner. Nevertheless, it is still our duty to provide the best service to all of our tenants. We take these facts into account and only wish to help with any difficulties that arise.