For the month of Nov 2016, all RENT Check indicators turned to RED again. Yet it is normal during this season of the year. Now the numbers…

Median Lease: $1,295 – Decreased from $1,300 previous month.

Average Lease: $1,464 – Decreased from $1,476 previous month.

Avg. Days on Market: 34 – Increased from previous 33 days.

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

Closed Rental: 1,986 – Decreased from previous 2,309 homes.

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

Cap rates and Cash on Cash are still around 4% – 5% yet be careful about the potential mortgage interest rate hike.