On this week's rental update, Nate recaps the month of March – another record-breaking month for REI Nation. Last month saw 217 new leases signed with lease renewals reaching 250. Nate discusses the current rental market trends and rental rates increasing 8.9% for lease renewals.
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Rental Update: March 15, 2022
By Chris Clothier on Wed, Mar 16, 2022
On this week's rental update, Nate recaps the month of February – a great month for REI Nation with record highs and lows. Last month saw 167 new leases signed with lease renewals reaching 320 and move outs at a record low of only 81 total. Nate predicts that these trends will only continue in the month of March.
1 min read
Rental Update: February 15, 2022
By Chris Clothier on Tue, Feb 15, 2022
On this week's rental update, Nate recaps the month of January and discusses the recent ice storm that hit Memphis and its effect on the area.
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Rental Update: January 25, 2022
By Chris Clothier on Wed, Jan 26, 2022
On this week's rental update, Nate recaps the month of December and recaps 2021's final numbers providing an overall picture of last year's success. He then goes into REI's plans for the new year.
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Rental Update: December 7, 2021
By Chris Clothier on Wed, Dec 8, 2021
On this week's rental update, Nate recaps November's final numbers, and what you can expect for the month of December. He discusses this holiday season's trends and how REI plans to purchase more properties overall.
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Rental Update: November 16, 2021
By Chris Clothier on Mon, Nov 22, 2021
On this week's rental update, Nate updates investors on the things that matter – the KPIs and a look into overall performance with Octobers final numbers and November predictions. He discusses the importance of preventing move outs and how doing so saves investors time and money.
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Rental Update: October 13, 2021
By Chris Clothier on Thu, Oct 21, 2021
Join Nate Gray as he reviews September's numbers including new residents, renewals, and move outs and the trajectory for October!
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Rental Update: September 21, 2021
By Chris Clothier on Tue, Sep 21, 2021
Join Nate Gray as he talks about the $48 million in profit and counting paid out to REI investors this year. He discusses how REI property owners reap the benefits of what REI projects which is done through buying and managing great properties, preventing move-outs, and renting out new properties quickly.
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Rental Update: September 7, 2021
By Chris Clothier on Tue, Sep 7, 2021
Join Nate Gray as he takes a look back at August's numbers including new leases signed, renewals, and vacancy time. He discusses an investor question, with a behind the scenes look at the maintenance process and how maintenance requests are handled without ever worrying the investor.
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Rental Update: August 31, 2021
By Chris Clothier on Tue, Aug 31, 2021
Join Nate Gray as he discusses the property management numbers for end of month, gives an update on the effects of the recent storm, and reveals details about the long-anticipated owner portals update.