Page 31 - AAGLA-MAY 2022

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Survey Says...Only 38% of Residents Who Left Urban Areas During
Pandemic Have Returned
During the early months of the pandemic, the flight from cities was well-documented, with major metropolitan areas like New York, Chicago, Los Angeles, and San Francisco losing the highest percentage of residents during 2020. However, recent data has shown that this urban exodus is coming to a standstill and in fact, has been reversing over the past few months. Amidst reports of a rebounding wave of people moving back to major cities, a recent survey conducted by StorageUnits.com of 1,300 Americans who moved away from cities during the first year of the pandemic found that:
• Only 38% of pre-pandemic city residents have moved back to the city
• 51% of those who returned are paying more for housing than they were pre-pandemic
• 35% are living with more roommates than they were previously
Less than 4 out of 10 people who left cities during the first year of the pandemic have returned, and of those who have returned, the majority of them are also paying more rent and a large majority of them are living with more roommates than they were pre-pandemic. In fact, 44% of this group reports living with three to four other people, and 20% say they have five or more roommates. When asked why they chose to return to the city, the most common reason given was that respondents had to return for work (55%) followed by a general preference for city living versus the suburbs or country (46%).
Jeff Gorrell for Ventura County Supervisors
Recently, Board of Directors member, Curt Knabe, and Executive Director, Daniel Yukelson, attended a campaign fundraiser for Jeff Gorrell who is running for the Ventura County Board of Supervisors. Candidate Gorrell has for many years been a community leader and is a past criminal prosecutor for the Ventura County District Attorney’s office and is also a war veteran. He represented Ventura County residents for four years in the California State Legislature, and more recently, he served six years as Deputy Mayor of Los Angeles with major responsibility for Homeland Security issues. In 2014, Jeff Gorrell lost in a close race for a U.S. Congressional seat representing Ventura County.
Executive Director, Daniel Yukelson (Left) and Board of Directors member, Curt Knabe (Right) stand with candidate for Ventura County Supervisors, Jeff Gorrell at a recent campaign fundraiser in Thousands Oaks, CA.
SMART SAVER TIP OF THE MONTH
Brought to you by Livable
Makesuretochecktheinsulationinyourproperty. Goodinsulationcanbeaninexpensivewaytoreduceyourelectricbillinwinter. Adding insulation in your attic is a great place to start since it can keep more heat in your living areas. Another area where heat often escapes is through your walls, especially around electrical outlets and anywhere utilities enter your home. Pay extra attention to plumbing to prevent heat from escaping and protect pipes from potentially freezing. To find out how Livable can save you money, check out http://www.livable.com/AAGLA/ or call (877) 789-6027.
TENANT SCREENING TIP OF THE MONTH
Brought to you by RentSpree
If you have a larger property in your real estate portfolio, chances are you’ll have more than one tenant. It’s considered best practice to collect a rental application and screening report for each tenant over the age of 18 living at the property. But it’s also important to make sure each tenant signs the lease agreement.
With RentSpree’s new e-sign feature, you can now upload an electronic copy of the lease agreement, add form fields, and submit to your renters in a few easy steps. You can even track the status of each request directly from the dashboard and evenbetter,yougetthisaddedbenefitfornoadditionalcost! TolearnhowRentSpreecanhelpyoufindthebestrenters,visit https://aagla.rentspree.com
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