Small Owners Report Signs of Improvement: TransUnion 

Property managers appear to be weathering the economic storm brought on by the Great Recession better than they did in 2009, according to a new TransUnion survey.

Seven out of 10 property managers in the survey said their rental properties have no vacancies and only 39 percent of respondents said they’re having difficulty finding residents in today’s economic climate. Additionally, 76 percent said rental prices have either remained the same or increased since last year. In summer 2009, a similar TransUnion survey found that approximately six in 10 property managers with fewer than 50 rental units had no vacancies.

“There has been a positive change in the rental market in the last year as rental prices appear to have stabilized and property managers are locating more reliable tenants,” says Mike Mauseth, Vice President of Trans­Union’s rental screening business unit. “Despite the positive signs we observed in the survey, unemployment rates remain high and many prospective tenants continue to struggle in this difficult economy.”

The nationwide survey was administered in October and included 476 responses from property managers, with nearly 95 percent of respondents managing 50 or fewer rental units.

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