{"id":719,"date":"2022-02-25T21:29:22","date_gmt":"2022-02-25T21:29:22","guid":{"rendered":"https:\/\/www.cincyrents.com\/blog\/?p=719"},"modified":"2024-03-20T18:14:45","modified_gmt":"2024-03-20T18:14:45","slug":"4-things-rental-property-owners-should-know-for-2022","status":"publish","type":"post","link":"https:\/\/www.cincyrents.com\/blog\/2022\/02\/25\/4-things-rental-property-owners-should-know-for-2022\/","title":{"rendered":"4 Things Rental Property Owners Should Know for 2022"},"content":{"rendered":"<p>At CincyRents we offer <a href=\"https:\/\/www.cincyrents.com\/cincinnati-property-management.php\">competitive property management services<\/a> on apartments, townhomes, condos, and houses throughout the Greater Cincinnati area. In this blog article, we&#8217;ll provide some tips that rental property owners should consider for getting the most return on their property investment.<\/p>\n<h2>Accessibility Matters<\/h2>\n<p>Wheelchair ramps, elevators, and other infrastructure improvements to your house, townhome, condo, or apartment might have a little bit of upfront cost, but they can also open your space up for high-quality rental candidates with disabilities.\u00a0 For many, something as simple as a ramp is easy to overlook if you are renting out a house that you used to live in and you never had the need for a ramp.\u00a0 But for the elderly and those with disabilities, this can be a dealmaker or breaker. For a full list of items to consider look at this article from <a href=\"https:\/\/www.disabilityrightsohio.org\/housing-accommodations-modifications-people-disabilities\">Disability Rights Ohio<\/a>.<\/p>\n<h2>72% of Renters Own Pets<\/h2>\n<p>According to new data, <a href=\"https:\/\/www.prnewswire.com\/news-releases\/apartmentscom-survey-reveals-pet-ownership-among-renters-at-all-time-high-270864521.html\">72% of renters own pets<\/a>. If you don&#8217;t allow pets on your property then you are eliminating a significant portion of rental candidates.\u00a0 Instead, consider allowing pets but protecting yourself by adding a pet deposit to the security deposit or, if your state allows it, add a monthly fee to the rent for pets.\u00a0 If you need help but don&#8217;t know where to get started then <a href=\"https:\/\/www.cincyrents.com\/blog\/2022\/02\/28\/a-landlords-guide-to-pet-screening\/\">read our article on screening pets<\/a>!<\/p>\n<h2>Rent is Rising<\/h2>\n<p>Last year the median rent price rose significantly. If you are a property owner then it may be time to evaluate your rental price and make sure you are keeping up with the market and with your own costs.\u00a0 In the Cincinnati market, <a href=\"https:\/\/www.realtor.com\/research\/may-2021-rent\/\">May 2020 to May 2021 rose 11.9% in median rent<\/a> which was the 9th-highest increase in the country. According to <a href=\"https:\/\/www.citybeat.com\/news\/cincinnatis-rent-increases-are-among-the-highest-in-the-nation-for-2021-12265209\">CityBeat<\/a>, &#8220;studios in Greater Cincinnati went up 2.1% over the last year, single bedrooms increased by 7.3%, and doubles rose a whopping 12.7%.&#8221;\u00a0 In short, rent is rising.\u00a0 Are you keeping up with it?<\/p>\n<h2>2022 Is a Good Year to Invest in Additional Properties<\/h2>\n<p>According to <a href=\"https:\/\/www.rocketlawyer.com\/real-estate\/landlords\/property-management\/legal-guide\/2022-predictions-for-landlords-and-property-managers\">RocketLawyer<\/a>, 2022 is a good year to invest in additional properties or improvements on existing properties. Interest rates are low; meaning it is the optimal time to refinance or add an additional mortgage.\u00a0 The economy is recovering and higher demand for rental property is expected as life returns back to normal. <a href=\"https:\/\/www.businessinsider.com\/housing-market-cooling-easier-buy-house-inventory-prices-inflation-cooling-2021-12\">Business Insider<\/a> agrees that 2022 is a great time to make home purchases.\u00a0 If you decide to purchase additional property in Cincinnati, let CincyRents manage it for you.\u00a0 We find quality tenants, handle move-in, move-out, background checks, and maintenance calls all for a competitive rate.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At CincyRents we offer competitive property management services on apartments, townhomes, condos, and houses throughout the Greater Cincinnati area. In this blog article, we&#8217;ll provide some tips that rental property owners should consider for getting the most return on their property investment. Accessibility Matters Wheelchair ramps, elevators, and other infrastructure improvements to your house, townhome, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4,61,62],"tags":[],"class_list":{"0":"post-719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-cincinnati","7":"category-property-management","8":"category-rental-properties","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>4 Things Rental Property Owners Should Know for 2022 -<\/title>\n<meta name=\"description\" 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