Occupancy rates stood at 95.3 percent in May 2015. Builders started 1.17 million new homes in June 2015 with a high percentage of those in apartment construction. In fact, multifamily construction has risen 28.6 percent and apartments 16.1 percent in June. Add to that that rents increasing some 16 percent over the last five years and we have the makings of an excellent time for rental owners. So it’s time to think about raising rents and tightening rental standards. Tighten the Standards In the doldrums of the last recession, many […]