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Well, it’s about time. July marked the first step to cracking down on junk fees so many renters have been facing. Repeated rental application fees. Surprise convenience fees. The “who-knows-what-it’s-for” fees that appear during the rental process that for years renters have faced and just had to accept. The Biden-Harris Administration outlined concrete steps in their effort to create fee …
“UNDER-SERVED” NOT “UNDESERVED”
Wasn’t it great seeing and hearing from Larry Gersch again? Here at PorchLight, we sure enjoyed all your comments and know you too miss working with him, his smiling face, and unrelenting professionalism. Seems as if retirement suits him and he’s loving his hard-earned free time. If you missed Larry, no worries CLICK HERE. If you want to hear more …
Struggling to find a quality, practical, effective solution for lump sum mobile employees who rent?
This post addresses what PorchLight’s research revealed and what our experience confirms. It’s true that when mobile employees receive a lump sum relocation package they are cautious about spending the money. Research reveals, it’s not because they don’t see value or need help; it’s because they fear coming out of pocket for their move. They’re embarrassed and disgruntled if their …
Dents in Rents?
So many headlines lately discussing rental declines. June 13, 2023 post from Norada Real Estate Investments asked “Will the Rental Market Crash in 2023?” Realtor.com headlined with “Least Expensive Metros See Faster Rent Growth.” Does anyone have a crystal ball for rental futures? PorchLight’s research on rental trends accurately informed our clients of what to expect in the rental …
Honing Our “KRAFT”
Hello again from Diane and welcome back to PorchLight’s new 5-minuteish communications that hopefully leaves you informed and inspired. As the industry leader in everything rental for decades — two decades this year to be exact — we wanted to move forward with info that educates and motivates us all to do better and be better. Join us in 2023 …
Market Spotlight
OUTCOME VS. HOURS Most U.S. domestic relocation policies provide for 1 day of service for renters. Destination service companies, serving renters, have modeled services after these policies and when the service day is over, the service is done. Survey feedback reveals that customers question the “time spent” or where the time went because they don’t see or realize the time …
Happy Anniversary, PorchLight!
7305 DAYS. 20 YEARS. 2 DECADES. We can’t believe it! Sometimes I feel I can count the 10,512,000 minutes of hard work, good luck, sleepless nights, and sheer faith that it took to get here. Back in 2003, the industry was skeptical of PorchLight’s ability to deliver: Nationwide rental finding coverage – anywhere and everywhere renters needed support; Ongoing assistance …
What can we expect for 2023?
After a year of 17.6% rent increases in 2021, American renters saw rental rates begin to slow in 2022. According to realtor.com: Rents are still higher than they were a year ago, but the gains are shrinking, as landlords lose pricing power in the face of inflation. Rents in October, 2022, rose 4.7% compared with October 2021, the slowest annual …
First & Foremost
Hello from Diane and welcome to PorchLight’s new 5 minuteish communications that hopefully leaves you informed and inspired. As the industry leader in everything rental for decades, we wanted to move forward with info that educates and motivates us all to do better and be better. Or the very least, makes you smile. Let’s get started. Diane Ayres, President, …
U.S. Rental Trends for 2022
The U.S. rental market continues to transition following the initial outbreak of the pandemic. The mass exodus from the expensive metropolitan cities in 2020, and people seeking larger spaces and more affordable monthly rents, caused an upheaval in the housing market. During that time, rental rates in traditionally expensive cities such as San Francisco, New York, and Boston drastically fell …