Category: Rental Health Index (now called RPI Score)

Rental Health Index

There are no guarantees when it comes to rental property investments.House market 1

The housing market is well into its recovery, property values have increased, and the bargain basement investment opportunities of a few years ago are waning.

However, as a real estate investor, you still want value. And finding value is more difficult now that the obvious “hot deal” investment properties have been snapped up.

But you can make informed decisions.

We believe that where you invest your money needs a more analytical approach than before. That’s why, in 2013, All Property Management spent significant time and resources developing our
“Rental Health Index.”

The Rental Health Index merges several relevant data sources to arm rental property investors with the critical information that they need to make rental investment decisions.

To identify which cities are the best for rental property investments, we combined official data from the following sources:

  • US Census Bureau
  • US Department of Housing & Urban Development
  • CNN Money and CoreLogic
  • US Bureau of Labor & Statistics

We then ranked 75 cities for several factors influencing the value of a rental property, including vacancy rate, annual rent increases, capitalization rate, appreciation, and job growth. Averaging the ranks, the resulting information reveals the best cities for rental investment.

While there really are no guarantees when it comes to investing, being armed with comprehensive and current marketplace information is the first step in making a sound investment decision.

And our Rental Health Index does just that.

Check out our other articles featuring the top ten cities for residential property rental income!

1. Grand Rapids Now Best City In The Nation For Residential Property Income

2. Bakersfield Now Second Best City In The Nation For Residential Property Income

3. Albuquerque Now Third Best City In The Nation For Residential Property Income

4. Rochester Now Fourth Best City In The Nation For Residential Property Income

5. Worcester Now Fifth Best City In The Nation For Residential Property Income

6. Atlanta Now Sixth Best City In The Nation For Residential Property Income

7. Minneapolis Now Seventh Best City In The Nation For Residential Property Income

8. Columbia Now Eighth Best City In The Nation For Residential Property Income

9. Salt Lake City Now Ninth Best City In The Nation For Residential Property Income

10. Toledo Now Tenth Best City In The Nation For Residential Property Income

January 28, 2014 | 0 Comments More

Atlanta Now 6th-Best City In The Nation For Residential Property Rental Income

A new index shows Atlanta ranks in the top 10 U.S. cities in terms of income for residential landlords.

Compiled by All Property Management (APM), the country’s largest online network of property management services, the new report’s goal is to help investors make informed decisions based on current marketplace analysis. Factors such as residential vacancy rates, cap rates and annual rent increases were considered, in addition to data from the U.S. Census Bureau, U.S. Department of Housing and Urban Development, U.S. Bureau of Labor Statistics and CoreLogic.

Depicted graphically at the bottom of this page, APM’s Rental Property Management Health Index found that Atlanta ranks sixth in the nation in terms of income potential for investors in residential rental properties. “The A” earned the number six spot for great job growth rate, high yearly rent increases and urban development cap rates despite mediocre housing appreciation and vacancy rates.

Rental income in Atlanta increased by a hefty 13.34% despite vacancy rates of 10.65%, showing the city’s growing economy is keeping tenants in the black and able to shoulder higher rents.

Atlanta is one of the busiest real estate markets in America; the large city’s population, estimated at 443,775 in 2012 by the U.S. Census Bureau, is predicted to grow by 43% by the year 2025, according to Jason Hartman of Platinum Property Investor Network.

“This massive metropolitan area attracts dozens of large corporations and industries, and thus thousands of employees who are transplants and commuters looking for Atlanta properties to rent,” Hartman says. “With an exponentially growing job market and ever-increasing worldwide economic impact, the demand for Atlanta rental properties is truly astounding.”

APM’s Rental Property Management Health Index provides essential information to help investors assess the long-term value of rental properties nationwide, according to Steve Cook, award winning real estate journalist and co-publisher of Real Estate Economy Watch.

“Not only does the Rental Property Management Health Index offer investors a quick, comprehensive grasp of the current rental market on a national scale, it provides the type of data that should be most important from a business standpoint, like yearly rent variances and a particular city’s urban development trends,” said Cook. “While other tools may show near term-deals on distress sales, the APM Health Index educates investors on the potential wisdom of investing in any given market for the long term, regardless of temporary price discounts or short-term market trends.”

APM’s new index provides a holistic view to aid potential investors in deciding where to purchase a profitable rental property. Research indicates 65 percent of individual investors plan to purchase additional properties in the coming year, and Wall Street firms have amassed more than $10 billion to invest in an institutional asset class.

“As investors look to explore new markets, get out of current markets, or double down, the data from this index will allow them to compare various factors and weigh which ones matter most to them,” said APM CEO Reggie Brown. “Good information is essential for a wise investment, regardless of the investor’s size.”

Founded in 2004, Seattle-based All Property Management, is the largest online network of property management services, connecting tens of thousands of property owners with thousands of licensed property managers across North America each year. All Property Management allows property owners to maximize rental investments by connecting them with professional property managers who can meet their specific property needs, from single family home rentals to multi-unit apartment complexes and homeowners’ associations.

APM_Atlanta

October 7, 2013 | 0 Comments More

Worcester Now 5th-Best City In The Nation For Residential Property Rental Income

A new index shows that Worcester ranks in the top five U.S. cities in terms of income for residential landlords

Compiled by All Property Management (APM), the country’s largest online network of property management services, the new report’s goal is to help investors make informed decisions based on current marketplace analysis. Factors such as residential vacancy rates, cap rates and annual rent increases were considered, in addition to data from the U.S. Census Bureau, U.S. Department of Housing and Urban Development, U.S. Bureau of Labor Statistics and CoreLogic.

Depicted graphically at the bottom of this page, APM’s Rental Property Management Health Index found that Worcester ranks fifth in the nation in terms of income potential for investors in residential rental properties. As “The Heart of the Commonwealth,” Worcester scored well in housing appreciation at 8.1%, yearly rent increases at 11.41%, and a low, 4.45% vacancy rate. These factors outweighed a low job growth and urban development cap ranking to place Rochester fifth in the country in terms of rental property profitability.

“Worcester was ranked as the number four metro-suburban area in the U.S. for job gains in 2012 by the Wall Street Journal’ and the 10th best city for families last year by Forbes,” says Joe Salvia, vice president and regional manager for Maloney Properties. “It is also recognized as one of the top five housing markets in the country by MSN Real Estate.

“Combine all these factors in with the growth of the Health Sciences industry, from both a service provider and employment perspective; expansion of cultural and entertainment venues; reemergence of the transportation services, including both commuter rail and airport services; the ever-increasing higher education capacity of the nine major colleges and universities in the city and five additional in the region; the continued expansion and success of both “Restaurant Row”, Shrewsbury Street and the transforming of the Canal District, and who could ask for more? Worcester provides big-city resources and services, along with family-oriented conveniences and amenities,” says Salvia.

APM’s Rental Property Management Health Index provides essential information to help investors assess the long-term value of rental properties nationwide, according to Steve Cook, award winning real estate journalist and co-publisher of Real Estate Economy Watch.

“Not only does the Rental Property Management Health Index offer investors a quick, comprehensive grasp of the current rental market on a national scale, it provides the type of data that should be most important from a business standpoint, like yearly rent variances and a particular city’s urban development trends,” said Cook. “While other tools may show near term-deals on distress sales, the APM Health Index educates investors on the potential wisdom of investing in any given market for the long term, regardless of temporary price discounts or short-term market trends.” APM’s new index provides a holistic view to aid potential investors in deciding where to purchase a profitable rental property. Research indicates 65 percent of individual investors plan to purchase additional properties in the coming year, and Wall Street firms have amassed more than $10 billion to invest in an institutional asset class.

“As investors look to explore new markets, get out of current markets, or double down, the data from this index will allow them to compare various factors and weigh which ones matter most to them,” said APM CEO Reggie Brown. “Good information is essential for a wise investment, regardless of the investor’s size.”

Founded in 2004, Seattle-based All Property Management, is the largest online network of property management services, connecting tens of thousands of property owners with thousands of licensed property managers across North America each year. All Property Management allows property owners to maximize rental investments by connecting them with professional property managers who can meet their specific property needs, from single family home rentals to multi-unit apartment complexes and homeowners’ associations.

APM_Worchester

October 7, 2013 | 0 Comments More

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