Market data indicates rental values set to climb on supply crunch
BALTIMORE, MD, March 26, 2022 /24-7PressRelease/ — Treu Property Management, a leader in tech-driven, data-centered rental home property management in Baltimore, delivered an upbeat status of rental properties across Baltimore. In his keynote address to an invite-only, live-streamed audience, CEO, Allan Meseroll commented on several data points to illustrate his positive outlook.
“Our data-focused view of the market leads us to believe that rental properties in Baltimore are still one of the most attractive asset classes for investors today. Mid-February 2022 data indicates that a single-bedroom Baltimore, MD apartment rented at $1,322 . That’s a 10% year-over-year increase. No other safe asset class produces such returns!”
Other important data-points highlighted the rents for 2-bedroom rental accommodations, and studios, which have increased 5% and 16% respectively, compared to the same period last year. 3-bedroom and 4-bedroom rental apartments also saw an increase in y/y rents, by 8% and 4% respectively.
In his presentation, Allan stressed the importance of working with partners delivering high-quality rental home property management in Baltimore County.
“It’s tempting to see those types of investment returns and immediately pivot to adding rental property to your portfolios. However, you need professional rental property managers to support you in preserving and unlocking the value of those investments.”
In his presentation to the audience, which included a select group of rental property investors, realtor partners and industry stakeholders, Chief Technology Officer (CTO) Dan Young highlighted how TREU sees the future of the market over the next six to twelve months:
“There’s an acute supply shortage of properties across Baltimore County – so prospective homeowners must now turn to rental properties. Jan 2022 saw a third consecutive month where the market had less than a month’s supply. It was also the 4th month, compared to the prior year, where supply declined by more than 20%”
Bottomline: TREU analysts see greater rental property demand unfolding, and higher rental increases in the near future.
In his closing comments, Allan thanked everyone for their time, and reminded participants that TREU offers premier rental home property management in Baltimore. He also invited rental property owners to contact him if they had any questions.
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