All RENT Check indicators turned to RED last month.

Median Lease: $1,295 – Decreased from $1,325 previous month.

Average Lease: $1,477 – Decreased from $1,499 previous month.

Avg. Days on Market: 30 – Increased from previous 28 days.

Rent Check Quotient™: 3 : 10 – Remain flat as 3 : 10 last month.

Closed Rental: 2,2952 – Decreased from previous 2,537 homes.

Rent Check Quotient™ (RCQ™) is the ratio of closed rentals and closed sales.

Cap rates and Cash on Cash are still above 4.00%, It’s time to ACT carefully!