[quote=joec]Maybe everyone is “right” and the avg is going up because only new units are being built which has a higher rental rate…This skews the numbers a little higher even though some areas or units are not moving up a lot.

I don’t think a lot of the mom and pop landlords are also in these reports since they don’t poll these people who maybe offering the better “deals” for their rentals since they don’t run it like a business with professional full time workers onsite who don’t mind kicking old tenants out to charge market rate since the building owner has to pay them anyways.

Also, some workers want certain amenities say like a parking space, laundry, etc…so those units have a higher premium than older units without these features so those older rental units aren’t up as much since they haven’t been upgraded.

All I know is I see rents are up a lot all over my area so can’t help but think prices won’t drop until this changes.[/quote]

wrto mom/pop landlord or commercial rentals, at least in MM, I think there is about a $100-150/month difference for the same terms and approximate sqft.

The problem is the supply of mom/pop units are in short supply i think. A lot of the newer rentals are higher end that throw in incentives like first month free or reduced, but then rates are substantially higher afterwards.

I remember that when there were building new rentals off of the end of MM blvd and 15, that many said that would impact the rent prices for all of MM, since there would be much more supply. Those ended up being high(er) end rentals and I don’t think appeal to the same demographics as what mom/pop landlords appeal too.