--- title: "Property Management Finds that Rent is the New Buy" description: "[vc_row][vc_column][vc_column_text]The trending preference of renting over buying is good news for the Southern Maryland investment property owner." url: https://realpmgold.multisites.ai/rentvsbuy publisher: Real Property Management Gold phone: +1-301-392-2172 assessment: https://realpmgold.multisites.ai/contact-us#assessment --- # Property Management Finds that Rent is the New Buy LocalPublished December 2, 2016Updated July 17, 2024 The trending preference of renting over buying is good news for the [Southern Maryland](https://realpmgold.multisites.ai/rental-property-tax-deductions) investment property owner. In fact, the National Association of Realtors estimates 5 million new households of renters to emerge in the next ten years. The eruption of new rental households is mainly due to the decision of millennials to put off homeownership. ## **It’s an Investors Market** According to a recent national renters survey, renters are committing to their rental properties long-term. The survey shows the percentage of single-family home property renters committing to their rental properties for more than 5 years is 22%, 3-5 years is 14%, and those expecting to stay for at least 2 years is 59%. These figures show on average that 25 percent of single family home renters plan to stay put for more than five years. This trend impacts the [Southern Maryland](https://realpmgold.multisites.ai/southern-maryland-real-estate-investing-with-property-management) investor market through lower vacancy rates and more stable tenants. ## **The Rental Life for Me** The millennial generation is known for putting important life events off till later in life. Owning a home is no different, as 60 percent of those surveyed said they don’t plan on purchasing a home of their own in the next five years! When asked why they did not foresee homeownership in the near distant future, respondents answers were divided into three reasons: - 29% said they are unable to attain a mortgage - 33% didn’t want to be tied down and burdened by homeownership - 42% said they just enjoy the freedom and mobility that comes with renting ## **Featuring a Great Lifestyle** The survey also revealed renters top priorities when choosing where to live, and results were pretty consistent to past years. - Proximity to good schools (84%) - Safe neighborhoods (97%) - Proximity to parks (71%) - Access to a community center (64%) - Friendly neighborhood (94%) With this explosive growth in the rental market and rising rent rates nationwide, the [Southern Maryland](https://realpmgold.multisites.ai/real-property-management-company) property management industry is growing as well. If you need assistance managing your rental properties, contact the leader in Southern Maryland [residential](https://realpmgold.multisites.ai/) [property management](https://realpmgold.multisites.ai/) today. First published by Real Property Management Gold on December 2, 2016. Details may have changed since then; current rules are in the [Landlord Center](https://realpmgold.multisites.ai/landlord-center). ## Keep reading - [Indian Head Rail Trail: What the 13-Mile Trail ConnectsThe Indian Head Rail Trail is a paved trail of about 13 miles that links the Town of Indian Head with the White Plains area of Charles County. It follows a former railroad corridor through the Mattawoman Creek stream valley. Owners can cite it in a listing as a fact, with the official name and a measured distance.](https://realpmgold.multisites.ai/indian-head-rail-trail) - [Calvert Cliffs Fossils: What Maryland DNR Says About the ParkMaryland DNR states that fossils of over 600 species have been found along Calvert Cliffs. Calvert Cliffs State Park sits at 10540 H. G. Trueman Road in Lusby. DNR also warns that climbing on or walking beneath the cliffs is prohibited because of landslides, and that collecting fossils beneath the cliffs is illegal.](https://realpmgold.multisites.ai/calvert-cliffs-fossils-lusby) - [Thomas Stone National Historic Site: A Port Tobacco LandmarkThe National Park Service lists Thomas Stone as a Maryland signer of the Declaration of Independence, born in 1743 and tied to Port Tobacco in Charles County. He is buried at Thomas Stone National Historic Site, which has a mailing address of 6655 Rose Hill Road, Port Tobacco. Check the park's page for hours and tours.](https://realpmgold.multisites.ai/thomas-stone-historic-site-port-tobacco) ## Ask what your home could rent for. Free. A free rental assessment from our offices in Lexington Park and Waldorf. No cost, no contract, no pressure. [Request a free assessment](https://realpmgold.multisites.ai/contact-us#assessment)[(301) 392-2172](tel:+13013922172)