DETROIT RENTAL MARKET KELLY FARRELL YOUR PROPERTY MATCHMAKER

DETROIT RENTAL MARKET KELLY FARRELL, YOUR PROPERTY MATCHMAKER

DISCUSSION POINTS o. About Me o. Market o. Why Trends Use A Professional? o. Technology o. The ‘Future of Rental Properties’

MARKET TRENDS The Real Estate Market is Up!

REAL GROSS RENT HISTORY FOR DETROIT Date US Median Michigan Median Detroit, MI Median Average 2013 2012 2011 2010 2009 2008 2007 2006 2005 $905 $897 $900 $910 $909 $914 $875 $881 $862 $768 $759 $763 $777 $773 $783 $758 $780 $776 $829 $825 $832 $844 $845 $852 $823 $855 $848 $853 $844 $845 $859 $871 $876 $842 $867 $863

DETROIT RENTAL VACANCY RATE US Michigan Detroit, MI 2013 1 Year Change 3 Year Change 6. 49% 6. 04% 6. 34% -0. 28% -0. 69% -0. 81% -1. 68% -3. 56% -3. 84%

DETROIT HISTORICAL VACANCY RATE Date 2013 2012 2011 2010 2009 2008 2007 2006 2005 US 6. 49% 6. 77% 7. 40% Michigan 6. 04% 6. 73% 7. 72% Detroit, MI 6. 34% 7. 15% 8. 42% 8. 17% 9. 60% 10. 18% 8. 43% 9. 48% 11. 05% 7. 86% 9. 73% 10. 38% 7. 87% 9. 66% 10. 76% 7. 70% 10. 42% 11. 25% ***The rental vacancy rate is the fraction of homes for rent that are not occupied*** 7. 74% 10. 09% 9. 59%

WHY USE A PROFESSIONAL?

WHY USE A PROFESSIONAL? o. Leverage Resources o. Systematic o. Takes Approach the stress off of you o. Presentation to the tenant

TECHNOLOGY o. Social o. Wide Media Span Marketing o. Internet o. Google o. You. Tube

THE ‘FUTURE’ OF RENTAL PROPERTIES Detroit Fraction of Renters by Household Units US Michigan Detroit, MI 2013 1 Year Change 36. 50% 29. 45% 31. 41% +0. 51% +0. 46% +1. 85% +2. 20% +2. 59%

THE ‘FUTURE’ OF RENTAL PROPERTIES History of Detroit Renter Fraction Date 2013 2012 2011 US 36. 50% 36. 09% 35. 42% Michigan 29. 45% 28. 94% 28. 26% Detroit, MI 31. 41% 30. 95% 29. 92% 2010 2009 2008 2007 2006 34. 65% 34. 13% 33. 36% 32. 80% 32. 73% 27. 25% 26. 81% 26. 02% 25. 17% 24. 83% 28. 82% 27. 96% 26. 92% 25. 68% 25. 37%

THE ‘FUTURE’ OF RENTAL PROPERTIES o. Quality and Affordable o. Professional o. Technology Look and Approach Driven o. Long-Standing Income Source

QUESTIONS? ? ?

CONTACT ME o o o Kelly Farrell, Leasing Consultant Ambassador Real Estate (248) 632 -9446 kellysellsmichigan@gmail. com www. kellypropertymatch. com