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Property Owners and Managers Survey (POMS)

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Table 3. Management of Tenants of Multifamily Properties by Number of Units in Property

Table 3.

Management of Tenants of Multifamily Properties by
         Number of Units in Property				

                                        Total                         50 or
                                        United  Less than  5 to 49    more
                                        States   5 units    units     units

Tenants income at this property	
  Mostly low income                      38.2%    38.8%      37.4%     23.7%
  Mostly middle income                   39.1%    41.5%      29.1%     28.9%
  Mostly upper income                     2.3%     2.4%       1.4%      3.8%
				
Change in income mix in last 2 years				
 Yes, income mix has changed              9.2%     8.3%      11.9%     19.1%
      More low income                     3.0%     2.7%       4.2%      4.7%
      More middle income                  2.9%     2.7%       3.3%      7.1%
				
Handicap accessibility				
  Handicap accessible units              13.3%    12.3%      17.2%     22.7%
     Costs shared by tenant               3.9%     4.1%       3.1%      3.0%
     Costs not shared by tenant          96.1%    95.9%      96.9%     97.0%
				
Future handicap access costs				
  Share conversion costs with tenant     14.5%    14.2%      14.9%     23.8%
  Not share conversion costs             40.8%    40.7%      41.7%     39.5%
  Not sure who will pay costs            44.7%    45.1%      43.4%     36.7%
				
Methods of advertising for tenants				
  New tenants being sought               21.1%    15.2%      41.8%     80.9%
     Newspaper ads                       61.9%    58.7%      66.8%     65.3%
     Apartment property guides           15.3%     8.6%      17.6%     52.3%
     For rent sign                       51.4%    48.4%      57.1%     49.6%
     Word-of-mouth referrals             75.1%    72.3%      76.7%     88.1%
				
Methods of screening tenants				
  Personal interviews                    75.5%    74.7%      79.7%     75.5%
  Responses on the application form      51.0%    47.3%      64.9%     51.0%
  Credit references or checks            50.6%    47.3%      62.4%     50.6%
  Employment checks or references         2.0%    48.8%      63.6%     52.0%
  Personal references                    52.9%    51.9%      57.9%     52.9%
  References from previous residence     52.0%    48.2%      66.1%     52.0%
				
Reasons for rejecting tenants				
  With rejections in last 2 years        31.3%    25.8%      51.4%     84.9%
     Credit or credit references         55.4%    49.0%      65.1%     83.2%
     References from previous residence  46.6%    42.1%      53.0%     68.1%
     Insufficient income                 51.4%    47.9%      56.6%     66.8%
     Unit too small                      40.4%    40.0%      41.2%     40.7%

Note: For some items in this table, the percentages are given only for
the top categories and may not add to 100%.

Source: U.S. Census Bureau | Property Owners and Managers Survey (POMS) |  Last Revised: 2012-08-31T12:06:19.647-04:00