9 min read
How to Get Property Management Clients (Lead Gen Methods)
With such a competitive and fast-paced real estate market, especially rental markets, knowing how to get property management clients is crucial for starting and...
The Cincinnati Rental Market Trend Report analyzes four key data points: active listing growth, renter lead growth, average renter leads per property, and the average rent price for two-bedroom listings.
In 2020, active listings in Cincinnati started strong in January and then fluctuated from February through July when the pandemic restrictions started and then lifted. The most considerable increase in 2020 occurred in October at 39%, and the lowest was a drop of 23% in December. The start of 2021 saw a massive jump of 53%, which is typical as the start of the new year often sees rental turnover – inversely, February 2021 saw a significant decrease in active listings. March has again seen a considerable increase of 60%, with the following month of April dropping to 48%. The extreme trends continued into May with a spike of 52%.
The start of 2020 saw a healthy number of renter leads and then dropped significantly in March with a decrease of 66% as shutdowns began. Renter leads in Cincinnati fluctuated for the rest of the year but remained extremely high compared to other cities with the largest increase in June of 2020 at 258%. The average leads per property in Cincinnati stayed above 36 for the all of 2020. The largest average took place in February 2020 at 175 leads per property, and the lowest occurred at 18 in March 2021 – leads currently sit at a lower level at 19 per property. Renter leads in Cincinnati have faired much better than other cities during this reporting period, such as Austin.
Year-over-year, the average rent amount for a two-bedroom listing is holding at similar levels to 2020. Average rent spiked in September 2020 at $1,345, which correlates with the increase in active listings. Rent pricing in Cincinnati has only had small increases and decreases, which is expected due to seasonality – the lowest average rent reported was $832 in April and June of 2020.
We will continue to update this data every month. If you have data requirements that are outside the scope of this article, please email [email protected]. We have ongoing data collection and are happy to supply another data set if it is available. Check out all of our COVID-19 landlord resources here.
If you are in the process of filling your properties, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.
9 min read
With such a competitive and fast-paced real estate market, especially rental markets, knowing how to get property management clients is crucial for starting and...
8 min read
Condo property management, on its face, is exactly what it sounds like — overseeing one or many units in a condominium building...
7 min read
Finding the ideal commercial or residential rental property can be challenging for renters, as it may only meet some of their specific...