Landlords Will Hike Rents By 8 Percent This Year

Landlords Will Hike Rents By 8 Percent This Year

Image title

The rental market is getting even tougher for tenants

Shutterstock.com / Mare Salerno A C D MA MB MC MD ME MP

Don’t expect any rent breaks (or cheesecake) from your landlord this year.

Alex Thornton, 34, a video producer based in Fort Greene, a hip enclave of Brooklyn, N.Y., is looking for an apartment to rent in neighborhoods across the borough. What he’s found: Prices are up considerably over last year and, on at least one occasion, the rent even went up after he and his fiancé Christopher expressed interest in a property. “The rent is increasing faster than people’s salaries,” he says. “Landlords want you to make 40 times the monthly rent per year and want tenants to have an unrealistically high credit score,” he says. “Even those who have a decent salary can’t find a place that would match their financial status.”

Read The Rest of the Article




Dawn Green Headshot
Author:
Phone: 480-227-1658
Dated: October 23rd 2015
Views: 215
About Dawn: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

AZ Xceptional Realty
2450 S Gilbert Rd #206
Chandler, AZ
480-725-7571
602-344-9333