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Property Management Blog

National Rental Prices Starting to Explode Higher!!! Philadelphia Rents up 5.65%

By Mike Lautensack Monday, May 31, 2021

National Rents are Moving High

  • National rents are up 2.3% in May versus April
  • National rents are up 5.4% in May versus last May
  • Rents have increased 3 straight months and are accelerating higher?
  • Philadelphia is even better at 5.65% in May versus last May
  • We are recommending Landlords increase rents at lease 4% and maybe even 5% going forward 

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Mike Lautensack
President for Philadelphia's Leading Property Management Blog
Mike Lautensack is the owner of Del Val Realty & Property Management, where they manage close to 5,000 rental units in and around Philadelphia. By implementing a tenant retention-focused strategy, Del Val Realty has successfully maintained occupancy rates above industry standards and generated consistent returns for their investors.
Mike Lautensack is the owner of Del Val Realty & Property Management, where they manage close to 5,000 rental units in and around Philadelphia. By implementing a tenant retention-focused strategy, Del Val Realty has successfully maintained occupancy rates above industry standards and generated consistent returns for their investors.
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