Tuesday, April 29, 2014

Rental markets have risen 19% over the last year and despite a dip in quarterly growth,


Rental markets rise 19% for 2014

The past few years have been painful for the housing market; however, with the recent upswing in the economy the market has rebounded a bit. 

This is fantastic news for those who are determined to own their own place. However, for many people this sudden rise in interest will price them out of the market. This would normally put a strain on rental property as the demand has begun to aggressively chase supply.

Rental markets have risen 19% over the last year and despite a dip in quarterly growth, monthly median rent growth is picking up with steady year-over-year growth. 

This is regardless of lower incomes being reported in the first quarter also in spite of a decrease in home affordability. In this case landlords are limited in how much they can increase the rent, because of the lower incomes, but they are not suffering as demand makes up for the difference.
It’s a landlord’s market as long as inventory fits what renters are looking for. The second quarter is projected to see a slowing of the rental market as the new multi-family units are absorbed into the market. Gen-Yers are entering into the rental market too, but low income for this segment of the market may result in landlords being unable to raise the rent in many places.

Rising mortgage rates and high home prices are also factors that are forcing some people into the rental market. Average home affordability goes down as mortgage and home prices rise, kicking would-be home buyers out of the housing market. In many niche markets rent prices were down 1.2% over the last quarter, but they were up 16% from the previous year. 

These numbers make 2014 a potentially lucrative year for property managers and rental owners. Many of these niche markets are in big cities, places traditionally open to growth. However, the influx of the 80 million strong Gen-Y populations is skewed towards these larger markets. This is logical considering the proximity to job growth and wealth development available in the future.
The prospective talent pool of metropolitan areas assures that construction will continue in these markets until demand can be met. 

However, 2014 is not looking so bright for New York and Boston who won’t see the aggressive rent growth they have experienced over the last couple of years. These areas are saturated with prospective renters and the demand is still exceeding the supply. It’s going to take a little time for these markets to even out and reach the potential that is projected for the rest of the country. The housing market is still normalizing, showing strong growth in all but three of the 35 largest markets showing annual appreciation. Home prices will continue to rise at a slow, but steady pace. In the meantime, we should assume that rental prices will do the same over the coming months.



@tenantscreeningreport.com

Thursday, April 24, 2014

Understanding the Risk of Renting to Own a property






In the past the American dream consisted of owning a home; with the unstable economy and a crashing housing market, that dream seemed unattainable for many people.

 However, things are looking up with a rebound in the economy and the housing market slowly climbing out of the rubble. Many people may be interested in owning a home, but the recovery is slow and a certain sector of the population may not be capable of attaining a loan or plunking down a hefty down payment. One option to circumnavigate this issue is rent-to-own housing.

 Some of the perks to rent-to-own are: buyers can build credit and save money during the rental period and depending on the contracts a renter has the right to change their mind. 

On the other side, some of the disadvantages may be enough to send potential rent-to-owners running for the hills. There is an upfront option fee that generally consists of a weighty down payment consisting of a percentage of the selling price. 

The rent may be higher than the equivalent property in the neighborhood and this is because of rent credit that is applied to the option fee and ultimately becomes part of the seller’s payment. Also, if the seller fails to pay the original mortgage payment, the property may be foreclosed on and the buyer may be forced to move. 

The seller may get lucky and lock in a high price that generally cannot be negotiated once agreed upon; however, this can obviously go both ways if the neighborhood begins to flourish. Also, if someone else approaches the seller with a better offer, they cannot take that offer over the original buyer. All repairs become the buyer’s responsibility and at the end of the rent-to-own lease the buyer may still not be able to buy the house.

It can be a risky alternative to the traditional buyer/seller relationship, but to a motivated purchaser with spotty credit this situation can work out quite nicely. Because of the potential for loss on both sides of this agreement people interested in rent-to-own deals are strongly advised to seek the advice from separate real estate attorneys.


Statistics from 
http://home.howstuffworks.com/real-estate/buying-home/rent-to-own-homes3.htm

Thursday, April 3, 2014

Rent or Own in Miami, your Choice !




Renting a property in Miami Florida




Renting vs. Owning; this is a perennial discussion for many people considering their options. One major perk of renting over buying is: location. Many people, specifically young professionals, won’t be able to afford to buyproperty that satiates every want, need and desire; however, they can afford to rent a place that may meet most of their criteria.
Think for a minute what a one bedroom apartment on, say, Miami Beach might cost. 

The median home value for Miami proper is $266,600 and that is a 24.1% rise over the last year; that shakes out to $371 per square foot. This is a huge step up in price from the $179 per square foot average for Miami/Fort Lauderdale metro areas. 

But, being that Miami Beach is centrally located to the bustling ports of downtown, Wynwood, Brickell and the business district, it may be ideal for a person to live there. Thus, renting a place in a centrally located and beautiful area is not only possible but much more affordable than buying. 

Also, consider the creature comforts that come with renting beyond one’s immediate means. If there is a gym in the complex, the likelihood goes up that it will get used more often.

This could lead to a better quality of life in the long run. Plus, consider the time spent enjoying the creature comforts an investment in quality of life. In a survey 43% of people reported that they were unwilling to date someone who lived more than 30 minutes away. 

 Living in the same neighborhood gives people common interests, living in the same complex brings those interests even closer together.

The time spent lounging at the pool or enjoying the gym is actually time spent getting to know neighbors and building relationships. Working and living in a community that represents where you aspire to be, may be the first step towards getting there.

statistics from Rent.com & Zillow.com

Monday, March 31, 2014

A flood of new properties only means great news for Property Managers


Property Manager News



Why Tenants & Property Managers  can feel the flood 

In the last 12 months many real estate markets have rebounded at an astounding rate.

Home values have soared off the charts in many places; mortgage rates have risen from their shallow graves and negative equity has plummeted at an unprecedented pace.
Mortgage rates are predicted to increase steadily and reach 5% or more by the end of 2014, home ownership rates are forecasted to fall to their lowest point in nearly 2 decades, with home values increasing by nearly 3%. For renters this news is fantastic.

The rise in home prices, home inventory and mortgage rates doesn't necessarily mean that prices will rise aggressively. Right now the country is in a general state of stagnant rate growth due to poor wage and job growth. This means that while new construction is hitting a stride, property owners are limited with the amount they can realistically raise rents and dormant property is a drain on resources. New construction of single family homes has all but halted in the wake of multi-family buildings that consist of 40 units or more.

 Nearly 170,000 multi-family rental units are estimated to flood the market by the end of 2014 and in order to justify their existence, job growth needs to increase so demand can meet supply.  Homeownership, on the other hand, is due to plummet to 65% or less by the end of 2014; this is again due to the low wages and high un-employment.

Many Gen Y-ers are re defining the American dream of owning a home, due to the financial and employment hardships they are currently facing. Maybe the tradition will come back, however with rental properties becoming more luxurious and expansive with each new construction, the future may look more like a stacked utopia filled with loved-ones for many young people.

 Also, many young people are seeking out opportunities in cities such as:  Atlanta, Dallas, Denver, Houston and Portland. These cities are major hubs with lower rents in many places.

The trend for young consumers is definitely skewing towards making better decisions with money for the foreseeable future and renting a property  seems to be the best option, for now.

Playing chess with Rental property leads to much wiser investements


Why playing chess with Rental Property is great way to invest elsewhere

Why playing chess with Rental property leads to much wiser investements

Many people of Gen-Y are finally finding their sea legs after the recession; jobs have become less stagnant and as such incomes haven’t risen. A percentage of these young adults are trying to catch up to the playing field expected of them by their Baby Boomer parents by securing jobs, housing and starting families. However, these days the dream of owning a house with a white picket fence is nearly inconceivable to the college grad struggling to find footing. The trends are skewing towards a future population that will perceivably rent their homes for a much longer period of time before deciding to take the home owners plunge. (If at all)
                One advantage to renting a home is that there are no payments that have zero return on interest, for example: closing fees, mortgage interest, property taxes, home owner’s insurance and maintenance. All of these can stack up and make owning a home a financially laborious task. Fidelity investments indicated that stock investments over the last 45 years netted 4.6% higher returns on investments than real estate. Ideally Gen-Y renters stand to make more money over the long run by leasing homes and investing their saved income in stocks.
                Another common myth is that home ownership is prudent because mortgage interest is tax –deductable. According to the advocacy group the National Multi Housing Council, this only true for half of home owners. Unfortunately for the other half of home owners, even with mortgage interest and property taxes their total deductions do not exceed the standard federal tax deduction which is $10,900 for couples and $5,450 for singles.

                With the job market in flux, the flexibility afforded with renting over owning is immense. Typically property must appreciate by 10% to recoup sales costs and on average that takes 5 years. However, jobs and markets are ebbing and flowing, potential buyers may need to relocate and in doing so find themselves in a precarious situation. Also, new condos and multi-family homes in many cities heavy with construction have found a vacancy rate of 2.5%. Many Investors in these areas have slashed apartment rates in order to generate interest. Some of these places are offering up to 3 months rent free and also provide amenities otherwise un-affordable to new home buyers.

Thursday, March 13, 2014

Rent or buy? It’s a question that only the individual can determine.

Rent or buy? It’s a question that only the individual can determine. 

Tenant Screening Report


As of December 2013, existing home sales had risen to the highest point in seven years and median prices continued to show strong growth. However, over the last year rental property prices have gone down .23% and over the last three years tenant pricing has gone down 1.23% on average. 

This is a pretty strong trend towards rental property across the board becoming more affordable. So, the next question is: when is the best time to start looking for a new place before turning in the keys on the old one? This is a difficult question since there are many variables that can determine how long the process takes. For example, is the place currently uninhabited?

What about your backgroundcheck? Is it clean? Background checks can take as long as the people performing them allow. Many rental properties have shifted their process to utilize one stop background checks in order to speed up the process. 

The general consensus is that a little over a month out from moving day is probably ideal. In the rental business the sooner the property is filled, the better. That means that generally speaking, all of the pressure is on the renter. They need to get packed, forward the mail, organize movers and moving trucks, etc. which can certainly be an arduous task. 

Statistics show that 1 in 6 Americans move every year, most American will move at least 11 times in their lifetime; that is a huge chunk of time preparing to pull up stakes only to do it again in a few years.

 It would behoove most Tenants  not to stay in one place for a while, get the most that they can from the lower rental rates and then try their luck in a different place. 

Statistics from www.trulia.com

Tuesday, March 4, 2014

Understanding the USA Rental Market 2014

A look at the USA Rental Market for 2014


Rental property is up 2.8% over prior year and up 14.2% over a 5 year period.
With sales down in most regions and an influx of rental properties, the typical tenant screening process is no longer enough to meet demand. In order to stay competitive in an ever expanding market, one has to go with the flow and find new and innovative ways to increase productivity in order to meet demand. Nearly every enviable market is projected to see an increase in rental activity in the coming months and many property managers are turning to one stop tenant screening services.

These services provide immediate access to rental history, credit scores, nationwide criminal records searches, bankruptcies, medical collections and employment summaries. In a series of short steps, the website affords landlords or property managers the chance to effortlessly access important information about possible tenants for their rental properties.

Consumer optimism is projected to surge in 2014 with the recession fading into the distance ever so slightly. However, there are still many obstacles for would be homeowners that could put a hold on those picket fenced desires.

58% of adults aged 18-34 find saving for a down payment on a home to be nearly impossible; 33% have poor credit history and because of these factors they will be unable to qualify for a mortgage. This leaves the rental field open for these would be home buyers and for property managers to be inundated with prospective renters.
With credit standards loosening many single-family renters may see the opportunity to become home owners again. This trend could lead to fewer homeowners being foreclosed on in the future and thus the cooling of single-family home rentals. The trends show that multifamily homes make up an unusually high share of new construction.
These Multifamily homes will be the first stop for many 18-34 year olds who have been able to locate steady work and are ready to move on from their parent’s house.
This shift shows more demand for multifamily home rentals with the demographic opting to start their lives and raise their families as renters. Ironically, this shift is both good and bad for the housing market: good, because the uptick in multifamily housing construction is a sign of housing recovery; bad, because the rate of homeownership is projected to decline in the coming years.

Many markets have been saturated with foreclosed properties and have been over-valued from the start.

Though these places may not be ideal markets for ownership, they are rife with possibility for property management and renters alike.

Friday, February 21, 2014

What are the rights and duties of Tenants in Florida, USA

what are tenants rights in Florida


RIGHTS AND DUTIES OF TENANTS in FlORIDA USA 

When a person pays to live in a house, apartment or mobile home, the renter becomes a tenant governed by Florida law. It doesn’t matter whether payment is made weekly, monthly, or at other regular periods. Also, it doesn’t matter whether the apartment, house, or mobile home is rented from a private person, a corporation, or most governmental units. These facts are true even when this is no written “lease” agreement.

A tenant has certain basic rights protected by Florida law, which the landlord must observe. Of course, the tenant also has certain responsibilities
.
The tenant's rights are specified in the Florida Statutes at chapter 83 part 2.

A tenant in public housing has rights under federal law, as well. If there is no written lease, these laws regulate the tenant's rights. There may also be a written lease which could affect a tenant's rights. If there is a written lease, it should be carefully reviewed. The Landlord-Tenant Law prevails over what the lease says.

A tenant is entitled to the right of 


  • private, 
  • peaceful possession of the dwelling. 
  • Once rented, the dwelling is the tenant's to lawfully use. 
  • The landlord may only enter the dwelling in order to inspect the premises or to make necessary or agreed repairs, but then only if he or she first gives the tenant reasonable notice and comes at a convenient time. 
  • If an emergency exists, the requirement for notice may be shortened or waived.
  • The landlord is required to rent a dwelling that is fit to be lived in.
  • It must have working plumbing, hot water and heating, 
  • structurally sound and have reasonable security, including working and locking doors and windows, 
  • and it must be free of pests. 
  • The landlord must also comply with local health, building, and safety codes.
  •  If the landlord has to make repairs to make the dwelling fit to live in, the landlord must pay.


Violation

If the landlord claims the tenant has violated the rental agreement, he or she must inform the tenant in writing of the specific problem and give the tenant time to correct the problem--even if the problem is non-payment of rent--before the landlord can go to court to have the tenant removed.

If the tenant commits a serious act endangering the property (such as committing a crime on the premises) or the tenant fails to correct a problem after written notice from the landlord, the landlord must still go to court to be permitted to evict the tenant.
In any court proceeding, the tenant has the absolute right to be present, argue his or her case, and be represented by an attorney.


Deposit 


  • If the landlord requires the tenant to pay a security deposit, the landlord must preserve the deposit during the tenancy. 
  • The landlord must return the full amount of the deposit within (15) days after the tenant leaves the dwelling
  • or give the tenant written notice of why some or all of it won't be returned within thirty (30) days after the tenant leaves the dwelling. 
  • The tenant then has the right to object in writing within fifteen (15) days of receipt of the notice.
  • Under some circumstances, the tenant may receive the security deposit plus interest. 
  • Before moving out the tenant must provide the landlord with an address for receipt of the security deposit, or else the tenant may lose the right to object if the landlord claims the right to keep the deposit money.

Rent

  • The tenant has the right, under certain very aggravated circumstances caused by the landlord's neglect, to withhold rent.
  •  This can only be done when the landlord fails to comply with an important responsibility, such as providing a safe and habitable home in compliance with local housing codes.
  • Before rent is withheld, the tenant must give the landlord seven (7) days written notice of the problem so the landlord can fix it.
  • Even after withholding rent, the tenant should preserve the money and seek court permission to spend part of it to do what the landlord should have done.
  •  If the tenant does not preserve the money and seek court assistance, the tenant may be evicted for nonpayment.

Move Out 

  • Finally, the tenant has the right to move out.
  •  If there is a written lease, the tenant can move out when a written lease is up.
  •  If there is no written lease, the tenant may move out for no reason by giving written notice of his or her intent to leave no less than seven (7) days before the next rent payment is due if the rent is paid weekly or fifteen (15) days if the rent is paid monthly.
  •  The tenant may terminate the rental agreement if the landlord has failed to live up to one of his or her major obligations, provided the tenant has sent written notice to the landlord, seven (7) days before the rent is due (there are some exceptions to the right to move out).

Court 

If a landlord loses in court, the landlord may be held liable for any costs and attorney's fees incurred by the tenant.
If the tenant loses in court, the tenant may be liable for the landlord's costs and attorney's fees.

Tenant

  • A tenant also has responsibilities, which if not observed can lead to eviction.
  • The tenant must pay the agreed upon rent and do so on time.
  • The tenant must comply with building, housing, and health codes.
  •  The tenant must maintain the dwelling without damage, keep the dwelling clean, and maintain the plumbing. The tenant must not violate the law or disturb the peace, nor allow guests to do so.

Eviction


  • In trying to evict a tenant, a landlord will try to prove the tenant violated a tenant responsibility. 
  • However, the landlord may not seek to evict a tenant in retaliation for legitimate complaints about housing conditions to proper authorities. 
  • No eviction can occur, though, until the landlord first gives the tenant notice of the problem, and then gets a court order.
  • Without the court order, the landlord has no power to interfere with the tenant.
  •  The landlord cannot, for instance, lock a tenant out or cutoff tenant's utilities. 
  • A landlord engaging in this type of prohibited practice may be liable to the tenant for damages in the amount of three months' rent or actual damages whichever is higher. 
  • The landlord must get a court order of eviction before he or she can interfere with the tenant's occupancy. If a tenant is served with papers seeking eviction, the tenant should immediately seek legal assistance. 
  • The tenant may have legal defenses.
  •  For instance, the landlord cannot try to get even with a tenant by evicting him or her when the tenant has not violated tenant responsibilities. 
  • To raise defenses in an eviction proceeding, a tenant normally must pay into the court registry past due rent if any is owed and rent which comes due during the proceeding. 
  • If the tenant disputes the amount of rent claimed to be due, he or she may ask the court to determine the correct amount, but the tenant must show why he or she believes the amount is wrong. In an eviction proceeding, a tenant has very little time to respond, so quick action is extremely important.

Removal 

The landlord can never remove the tenant's property or lock the tenant out.
Only the sheriff's office may do this after a Court Order and Writ of Possession.


Sunday, February 16, 2014

How Landlords Can Sustain Rent Growth Levels



Landlords using Tenant Screening Report





The key to sustained rent growth levels is stability, and the single most important element for rent stability is the tenant. Each time a tenant moves, the landlord has usual and customary expenses associated with renting the unit to someone new. The unit must be inspected and cleaned. The vacancy must be advertised. The landlord must spend time reviewing new rental applications, verifying rental histories, verifying employment, and contacting references.

All of those expenses are normal, but they also all reduce the profit a landlord makes from a unit in a given year. Statistics from the U.S. Census Bureau show that renters are four times more likely to move from a dwelling than a homeowner. To maximize profit and minimize the expenses associated with finding new tenants, landlords have to minimize renter turnover.

Renters move for a variety of reasons, and many of these reasons are beyond a landlord’s control. It’s important, therefore, to control the factors that can be mitigated. For example, a landlord cannot do much about adjoining properties where residents routinely cause disturbances, and it is understandable that a good tenant wouldn’t want to live next to that situation. Landlords can, however, eliminate residential disturbances from properties that they also control. If a landlord doesn’t rent to problems, then there are automatically fewer problems in the landlord’s units.

It’s the same with finances. A prospective tenant credit check gives a landlord confidence that tenants have met financial obligations in the past. Banks use credit checks to decide whether or not to make a loan. Car lots run credit checks before financing a car. Landlords should always run a tenant credit check to gage the likelihood that a person will pay rent on time. Good renters are stable renters. They don’t move away in a few months when they can’t cover the rent. Neighborhoods where tenants stay long term becomes known as stable neighborhoods. Residents get to know one another and take better care of rental property. Good tenants want to live in neighborhoods like that. Nearly 13.6 percent of renters are over 64 years of age. Renters in this age group are far more likely to remain with a unit than younger tenants who may move because of employment or relationship changes. On the other side of that coin, 12.7 percent of renters are under the age of 25. This is a highly mobile age group with a tendency to mismanage finances.

Landlords cannot discriminate against younger tenants based on age, but it is perfectly reasonable to base renting decisions on a credit history. This is why a landlord needs to know a potential renter’s background. A history of bounced checks or missed utility payments is a strong indication that the person has trouble meeting financial obligations. Listed references are always going to check out – because who would list a reference who will say that their friend is unreliable? A solid credit check for tenants is a far more credible reference. If a person pays his or her bills on time, then that person is likely to pay rent on time.

Landlords should always minimize problems by proactively looking for problems before they occur. This is true with plumbing and roofs, and it is equally true with tenants. A credit check for all renters prior to signing any lease is simply good business.





Saturday, February 8, 2014

It Is Never Too Soon To Boost Your Tenant IQ

landlord tenant screening report



It Is Never Too Soon To Boost Your Tenant IQ


Though foreclosures have slowed, getting approved for a mortgage is certainly more difficult than it was before the Great Recession. Furthermore, many people who could purchase homes are choosing to rent while they weigh their options. According to a recent survey conducted by Apartments.com, there is a growing trend of former homeowners choosing to rent for the indefinite future. More than 35% of surveyed renters previously owned a home, which represents a new high. With so many tenants entering the rental market, it is important to understand the type of background check USA companies provide.

Property managers have always used background checks. The question is if managers are using the most sensible tenant check procedures. The property management industry has long relied on critical thinking. According to market researcher IBISWorld, firms in this sector spend a mere $0.04 on capital investment for every dollar spent on human resources. This reflects a focus on thoughtful outsourcing and strategic planning. With the massive influx of long-term renters, it may serve for managers to rethink their long-established practices. Even experienced managers may need to take to steps to improve their tenant IQs. Casual, incomplete tenant screening doesn't provide much more security than no screening at all. Sensible managers make sure screening providers live up to their promises when it comes to thoroughness in background checks.

In any industry, certain companies stand out above the rest. It is no different in the world of tenant screening services. In this industry, the most worthwhile firms do not stand out due to hyperactive ads or marketing campaigns. The most reputable tenant services build impressive reputations by simply providing indispensable help. Networking with other property managers is a good way to enhance one's tenant IQ. Many seasoned managers tell instructive stories about meeting terrible tenants who initially seemed perfect in every way. Well-dressed, articulate, dignified--these are just a few of the qualities that prospective tenants can misleadingly portray. The tenant credit check is a critical tool for backing up our intuitions with real facts. Fortunately, property managers are well-served by the thorough type of background check USA based companies offer.

Although the average property manager feels good will towards others, experienced managers learn the inescapable need for the tenant credit check. CNN reports that the number of property managers will ultimately grow by 15% between 2006 and 2016. Though this is good news for members of the industry, growth can lead to greater competition. Managers with more thorough tenant check procedures should experience greater security. It would be nice if we didn't have to vet tenants with the obligatory credit check and criminal record check. In the imperfect world we live in, a well-timed criminal record check can save money, headaches and professional reputations

Friday, February 7, 2014

Tenant Screening Report: 2013 Rental Market Update




Tenant Screening Report: 2013 Rental Market Update




Las Vegas

With demand for apartments remaining strong and new supply levels minimal, occupancy jumped to 92.6%. While not great, it is a jump of 160 basis points in 2013.
Annual rent growth FINALLY showed a little momentum as same store rents climbed 1.9% in 2013, the largest increase seen in Las Vegas since 2007.

North East

Northeast region’s apartment markets ranked among the nation’s rent growth laggards during 2013
Connecticut. Effective rents for new leases in the state proved basically flat, inching up a minor 0.2% on average. Only the New Haven/Waterbury area, where rents jumped 2.6%, registered any real pricing power.
Connecticut realized apartment rent growth of 3% to 4% annually in 2010-2011, basically recovering the losses incurred during the downturn of 2008-2009. Then growth of about 2% in 2012 took rates slightly above pre-recession levels.
Connecticut’s apartment occupancy rate now stands at 95.0%

Boston 

Apartment demand in Boston fell short of rapidly rising supply levels in 2013
With supply outpacing demand, occupancy is understandably down in Q4 2013. That said, the 96.3% occupancy rate is still healthy for the metro as a whole and across submarkets and product groups.
The bigger issue for Boston is pricing. Same store rents for new leases climbed only 1.4% in 2013, the weakest year over year increase in 14 quarters.


 
San Diego
San Diego’s apartment market has historically been reliably steady, but rarely a top performer in terms of rent growth. But in 2013, rent growth in San Diego topped the levels seen for the U.S. overall and for most other Southern California markets.
at the end of 2013, San Diego is starting to see some pretty good momentum just as the U.S. average rent growth change has started to cool. As of Q4 2013, San Diego registered 3.6% rent growth while the U.S. apartment market as a whole registered 2.9%.
One of the driving factors for this growth has been a strong economy. In 2012, employment hit a decade high in the metro and while job numbers cooled slightly in 2013, the market experienced a 1.8% job expansion rate, good enough for second best in Southern California. San Diego is also the first Southern California market to return to pre-recession employment levels

Orlando
Economy: The good news for Orlando is that the economy is growing at a solid pace. In fact, job growth hit a post-recession high in Q4 with 29,000 jobs added annually, an expansion rate of 2.7% and good enough to be 10th best in the country among the core 100 metros.
Rent Growth: Despite the growing economy and occupancy levels, there still isn’t much rent growth in Orlando. Overall, for 2013, rents were up only 1.7%, an 11 quarter low.
If not for a significant amount of supply scheduled for 2014 (6,133 units scheduled), Orlando could have been positioned for a pretty nice bump given the strong demand tailwinds. But with all that new supply, MPF Research expects occupancy to trend down about 100 basis points and for rent growth to remain limited.

Dallas Forth Worth

Apartment demand in Dallas/Fort Worth was stronger than anywhere else in country in 2012 and then again in 2013. The high demand reflects back to back years of strong job growth.
Occupancy: D/FW has had more demand that it has supply in each of the last four years, and that means occupancy is in good shape: At 94.4%, the occupancy rate in the metro remains at a 14-year high.
Outlook: With nearly 17,000 new units expected to complete in the region, rent growth in the middle and lower end products will have to remain strong for D/FW to continue its momentum of strong occupancy and rent performance. MPF Research expects momentum to slow slightly with rents climbing around 3.0%