{"id":16533,"date":"2025-12-02T10:54:16","date_gmt":"2025-12-02T10:54:16","guid":{"rendered":"https:\/\/tst.wordpress.realogydev.com\/cartus\/uncategorized\/us-rental-assistance-what-you-need-know\/"},"modified":"2025-12-02T10:54:16","modified_gmt":"2025-12-02T10:54:16","slug":"us-rental-assistance-what-you-need-know","status":"publish","type":"post","link":"https:\/\/tst.wordpress.realogydev.com\/cartus\/insights\/blog\/us-rental-assistance-what-you-need-know\/","title":{"rendered":"U.S. Rental Assistance: What You Need to Know"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":26,"featured_media":16534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"footnotes":""},"categories":[23,198],"tags":[233,200,85,234],"class_list":["post-16533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-real-estate","tag-rental-assistance","tag-rental-market","tag-supply-chain","tag-u-s-rental-market"],"acf":{"blog_type":"Long Blog","category_type":"blogs","dont_display_published_date_in_blog_landing_tile":false,"hero_image":16535,"story_section_topic":"","story_section_description":"","rich_text_content1":"Following the pent-up demand of 2020, the\u00a0U.S. rental market is\u00a0currently\u00a0very competitive with prospective tenants outnumbering available rental properties.\u00a0This imbalance has\u00a0led to increasing\u00a0rental rates\u00a0across much of the U.S. when compared to pre-COVID\u00a0levels, impacting both houses and apartments.\u00a0Here we discuss the\u00a0key\u00a0challenges, what Cartus is doing to overcome them, and\u00a0the\u00a0best practices\u00a0organizations can follow to help reduce the impact on\u00a0their\u00a0mobility programs.\n\n","rich_text_content2":"<h3>Current Challenges<\/h3>Low availability in the U.S. rental market is being exacerbated by\u00a0a number of\u00a0factors. Prospective landlords\u00a0are\u00a0choosing to\u00a0sell their investment homes rather than rent them out, in order to\u00a0take advantage of the current demand and low interest rates within the real estate market. In addition, as many\u00a0people\u00a0have been given the option to work from home, house sales continue to rise to unprecedented levels in some areas of the U.S., which\u00a0has reduced available rental stock further.\u00a0At the same time, other homeowners\u00a0are selling\u00a0their properties\u00a0for profit and renting\u00a0until house prices settle,\u00a0which is adding to the\u00a0already\u00a0overcrowded rental market.\u00a0\n\nAs the pandemic continues to impact supply chains (international and domestic),\u00a0delays\u00a0in\u00a0construction material\u00a0deliveries\u00a0has\u00a0meant\u00a0a lack of new homes being built.\u00a0Leading U.S. property management companies estimate the U.S. real estate market\u2019s\u00a0supply-demand imbalance will drive\u00a0up\u00a0rental rates 4% to 5% in key markets this year.\n\nStates\u00a0such as California are particularly challenging with property viewings hard to secure because entire apartment blocks are completely occupied until early October. In these instances, prospective renters are asked to join a waiting list in case of early\u00a0vacancies.\n\n","title":"","sub_title":"","sub_text":"When scheduling rental tours, give at least 3-4 weeks\u2019 notice and 3-6 months to secure a property\n\nStagger groups of renters moving into one location so they are not all competing with each other for limited inventory\n\n\n\n","display_primary_cta":true,"label_for_primary_cta":"","download_pdf_or_link":false,"download_pdf":null,"download_link":"","primary_video_or_image":false,"primary_image":16536,"primary_video":{"video_title":"","video_type":"youtube","video_id":""},"rich_text_content3":"<h3>Recommendations: Organizations<\/h3><ul><li>Where possible,\u00a0organizations should\u00a0adjust their\u00a0relocation\u00a0budget\u00a0to reflect rising rental rates for both\u00a0apartments and houses, as well as extra relocation costs.\u00a0For example, offering over the asking price is becoming increasingly common in the most\u00a0competitive locations and\u00a0approved\u00a0rental applicants may be asked for a refundable deposit to secure a \u201cplace in line\u201d.\u00a0\n\n<\/li><li>When scheduling rental tours, give at least three to four weeks\u2019 notice and an additional three to six months to secure a property. This extended time should be built into mobility program\u00a0schedules\u00a0before moves are\u00a0signed-off.\u00a0\u00a0\n\n<\/li><li>Stagger groups of renters moving into one\u00a0location\u00a0so they are not all\u00a0competing with each other\u00a0for\u00a0limited inventory.\u00a0\u00a0\n\n<\/li><li>Extend temporary\u00a0housing benefits\u00a0to give\u00a0employees additional time to search for\u00a0a\u00a0permanent\u00a0rental\u00a0property.\n\n<\/li><\/ul><h3>Recommendations:\u00a0Employees<\/h3><ul><li>To manage their\u00a0expectations before\u00a0the relocation process begins, employees should be made aware of current market\u00a0trends and the impact they\u00a0may have on\u00a0the overall\u00a0relocation experience.\u00a0For example, multiple, full-day property viewings are often now replaced with virtual or ad-hoc in-person viewings.\u00a0\u00a0\n\n<\/li><li>Employees should try to be as flexible as possible\u00a0when\u00a0it comes to\u00a0property\u00a0criteria (location, size, style). Pets can also be a limiting factor, so organizations should be prepared to offer additional pet deposits\/fees if they allow employees to relocate with pets.\u00a0\n\n<\/li><li>Once a suitable property is found, employees should aim to\u00a0make decisions quickly\u00a0(within hours instead of days)\u00a0and have all necessary documentation ready before the rental tour begins, e.g., letter of employment or proof of job offer,\u00a0pet resume\u00a0(a document that\u00a0serves to reassure a landlord including information around\u00a0the pet\u2019s\u00a0size, whether\u00a0it\u00a0has been spayed\/neutered or declawed, and testimonies from previous landlords).\n\n<\/li><\/ul>\n\n","secondary_video_or_image":false,"secondary_image":null,"secondary_video":{"video_title":"","video_type":"youtube","video_id":""},"rich_text_content4":"","rich_text_header_with_bullet_points":"","left_section_content":"<h3>How Can We Help?<\/h3><ul><li>Cartus is working with our rental providers across the U.S.\u00a0to provide\u00a0our clients with up-to-date\u00a0market\u00a0trends,\u00a0rates, lead times, and available\u00a0inventory.\u00a0\u00a0\n\n<\/li><li>Cartus consultants are aware of the current challenges and are managing expectations when\u00a0counselling relocating employees.\n\n<\/li><\/ul><h3>Find Out More<\/h3>Download\u00a0our\u00a0<a href=\"https:\/\/assets.ctfassets.net\/2czxzrwels61\/jI7MxmXzSYKDUk5nmbPmU\/dd5cb5ba848c08b0e0c6a9a68cb7a225\/Cartus_Mobility-Supply-Chain-Industry-Update_2022-04_1.pdf\">Mobility Supply Chain Guide<\/a>\u00a0to find out the specific challenges impacting the wider industry, what Cartus is doing to mitigate them, and key recommendations to help companies reduce the impact these challenges have on their relocation programs. Our guide looks specifically at:\n\n<ul><li>Destination\u00a0Services\u00a0\n\n<\/li><li>Immigration\u00a0\n\n<\/li><li>Temporary\u00a0Housing\u00a0\n\n<\/li><li>Rental\u00a0Assistance\u00a0\n\n<\/li><li>U.S.\u00a0Household\u00a0Goods\u00a0\n\n<\/li><li>Global\u00a0Household\u00a0Goods\n\n<\/li><\/ul>\n\n","left_section_video_or_image":false,"left_section_video":{"video_title":"","video_type":"youtube","video_id":""},"left_section_image":null,"right_section_content":"Look out for more blogs over the coming weeks, which will deep-dive into specific areas of supply chain and the innovative solutions we are providing to help clients navigate the current challenges. Read our previous posts:\n\n<ul><li><a href=\"https:\/\/cartus.com\/en\/insights\/blog\/us-household-goods-challenges-what-you-need-know\/\">U.S. Household Goods Challenges: What You Need to Know<\/a>\n\n<\/li><li><a href=\"https:\/\/cartus.com\/en\/insights\/blog\/us-temporary-living-challenges-what-you-need-know-part-1\/\">Temporary Living Challenges: What You Need to Know<\/a>\n\n<\/li><\/ul>Cartus will continue to work closely with our\u00a0supplier\u00a0partners\u00a0to ensure we minimize the impact this situation may have on our clients and their relocating employees.\n\nThank you to our supplier partners,\u00a0<a href=\"https:\/\/www.coldwellbanker.com\/\">Coldwell Banker Realty<\/a>,\u00a0<a href=\"https:\/\/www.dwellworks.com\/\">Dwellworks<\/a>, and\u00a0<a href=\"https:\/\/www.nationalcorporatehousing.com\/\">National Corporate Housing<\/a>\u00a0for contributing to this blog post.\n\n","right_section_video_or_image":false,"right_section_video":{"video_title":"","video_type":"youtube","video_id":""},"right_section_image":null,"category_title":"CATEGORY","tags_title":"TAGS","category_name":"","entry_title":"Cartus|LongBlog|us-rental-assistance-what-you-need-to-know","publishing_date_blog":"2021-08-12 00:00:00","description":"Following the pent-up demand of 2020, the U.S. rental market is currently very competitive with prospective tenants outnumbering available rental properties.\n\n"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Rental Market Challenges &amp; 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