Landlording by the #’s

Here are some interesting numbers and statistics about landlording in the United States:

 

·         Rented single-family homes are on the rise in the wake of the housing bust. Thirty-two of this country’s top metropolitan regions 1/5 of all occupied single-family homes are rentals (USA Today)

 

·         29% of single-family homes in Las Vegas are now occupied by tenants (USA Today).

 

·         Landlord insurance typically costs 25% more than homeowners insurance. (Houselogic.com)

 

·         Expect annual repair and maintenance costs to run about 1% of your property’s value every year. So, if your home is worth $100,000, you will probably spend at least $1000 in repair and maintenance. (MSN Money)

 

·         If your state does not have a law regulating late rent fees, know that a good average is 5% added on to the amount owed. (NOLO.com)

 

·         32% of homes in the United States are renter-occupied (National Multi Housing Council)

 

  

 

For this and more information for landlords, visit our website at http://www.alwaysscreen.com