The stage is set for a big bounce in rental pricing during 2011, according to a report Thursday, with San Jose pegged as the top market.
MPF Research, a market intelligence division of Carrollton, Texas-based RealPage Inc., forecast a 5.1 percent jump in rates across the U.S. Combined with an increase of 0.8 percentage points anticipated in occupancy, the rising rents should increase revenue by 5.9 percent for apartment owners.
MPF Research anticipates San Jose rental revenues will surge 10.2 percent. The majority of that growth will come from forecast rent increases of 9.6 percent, the report said. San Jose’s already-tight occupancy rate is projected to rise 0.6 percentage points to 97.1 percent.
To capture the boom in the rental market, this winter is the best time to buy a rental property. Finding the right opportunities requires a lot of financial analysis and local market knowledge. Make sure that you go to a Realtor who specializes in investment properties such
as Archers Homes.