A recent article in the Chicago Tribune shed more light on why the rental market has been so difficult for renters this year! With low vacancy rates, landlords are receiving higher rents while fewer and fewer apartments come available. This great article talks about the national vacancy rates which are currently a little higher than [...]
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Renewal Rates High, Prices Are Too
As the 2012 Rental Season heats up, communications with many of Rentology’s property owners has revealed a larger than average renewal rate among their current tenants. Since many renters negotiated the rental prices of their current apartment, landlords are now asking their tenants to come up in rent for the renewal term, often with little [...]
Moving Out of the Basement
Recent improvements in the job market have helped many post-graduates who moved home after college. Now, with a better jobs available, and a few more bucks in their pockets, many are moving our of their parents basements (or old bedroom) and into the City of Chicago where much of the growth has occurred. A recent [...]
