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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 …
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, …
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 …
The impact of the pandemic disrupted the rental market turning the most expensive and highly occupied cities into high vacancy locations experiencing rapid rent decreases. What can we expect in 2021? PorchLight prepared this report based on insights gathered through real estate investment firms, apartment data resources, rental and real estate sites and first-hand experience supporting renters, across North America, …
PorchLight is proud to partner with OFX to assist our international transferees with global money transfer and payments. When you relocate across borders, the ability to transfer money and make global payments is critically important. Whether paying pre-arrival deposits, transferring money for large purchases, the question is how to manage these needs in the most efficient and cost-effective way possible. …
Managing Mobility means managing the mobility needs of all relocating employees. Seems simple enough, right? When we asked mobility leaders the last time their renters had glowing service scores and key performance indicators around their home finding service, they paused. After some reflection, the consensus was they didn’t have good information regarding renters and their home finding experience. For decades, …
How many of your transferees secure leases as a result of the service your company authorizes? Jack Jampel of Stryker knows. He uses PorchLight, and the ROI is at his fingertips. With over 60% of transferees renting at their destination, this interview reveals the superior service PorchLight provides to renters moving anywhere throughout North America. Find out how measuring relocation …
Ed Cohen, founder of Global Business News and affiliated Relocation News talks with Diane Ayres of PorchLight Rental & Destination Services on the role and challenges PorchLight plays in relocation and moving in this COVID-19 environment. Find out what PorchLight is implementing for safe rental finding and virtual touring in this global pandemic. CLICK HERE to listen to the discussion. …
What words would you use to describe PorchLight? D. Garcia, with Stryker chose: The PorchLight team has been nothing short of phenomenal in aiding me to find a great rental unit that suited my needs. The rental agent I specifically worked with, Mariam, based in the San Jose, CA region, was such a great help and extremely flexible with me …
Relocation shouldn’t hamper your employee’s hobbies and lifestyle. As an employer, do you want your newly relocated employees to be happy in their new location? Studies show that an employee’s happiness in their new location leads to retention and higher productivity. Helping employees fully replicate a lifestyle they enjoy is key to that happiness. PorchLight’s specialization in rental finding …
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