Low Turnover and Higher Rental Prices in 2017 Driving Profitable and Attractive Market for Landlords

CHICAGO, IL--(Marketwired - April 19, 2017) - As the first quarter of 2017 wound down, property managers indicated it was easier to find qualified renters and that resident turnover had declined compared to the same time last year. A new survey from TransUnion (NYSE: TRU) SmartMove also found that six in 10 landlords said it is more profitable and attractive to be a landlord now than it was five years ago.

TransUnion SmartMove provides tenant screening solutions, such as credit, criminal and eviction reports, leasing recommendations and resident scoring, to millions of independent landlords and small property managers in the U.S., primarily those with a few properties to rent. SmartMove provides consumers with a secure and fast online process that protects sensitive information such as Social Security numbers.

Compared to last year, landlords found it less difficult or about the same to find qualified renters. Only two in 10 (21%) landlords found it more difficult to find qualified renters, but SmartMove data show that more landlords utilized rental screening solutions to evaluate prospective tenants in the past year. FULL RELEASE