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 …
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 …
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 …
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 …
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, …
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