Recent findings from TransUnion, a provider of risk management solutions, showed that while, on average, vacancy rates have decreased, rents have remained steady.
MHN interviews Mike Mauseth, president of TransUnion Rental Screening Solutions, and Steve Roe, vice president of sales for TransUnion’s rental screening business unit, on this surprising discovery, as well as the importance of selecting the “right” resident.
MHN: How did you gather your data?
Mike Mauseth: For the purposes of this analysis and to ensure the validity of the information, national data was collected from property managers utilizing TransUnion’s rental screening solutions in both 2010 and 2011. More than 200,000 rental applications were reviewed from TransUnion CreditRetriever for large property management companies and TransUnion SmartMove for independent landlords. So it is a fair representation of the entire rental unit market.
MHN: Describe some of your most interesting findings. For example, you reported that vacancy rates have been the lowest they’ve been in years, but on average, rents haven’t increased. What are your thoughts on this?
Read more...MHN Interview: TransUnion Data Shows Vacancies Decreased But Rents Stayed the Same via MHNonline.com
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