PROPERTY OWNERS AND MANAGERS SURVEY
                      MULTI FAMILY PROPERTIES:  FACTORS CONSIDERED WHEN SETTING RENTS
                                      TABLE 22
    
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    !                     !          !          TYPE OF MULTI FAMILY PROPERTY                   !
    !                     !          !__________________________________________________________!
    !                     !  TOTAL   !         !        !        !         !          ! 50 OR   !
    !                     ! UNITED   !         ! 3 TO 4 ! 5 TO 9 ! 10 TO 19! 20 TO 49 ! MORE    !
    !                     ! STATES   ! 2 UNITS ! UNITS  ! UNITS  !  UNITS  !  UNITS   ! UNITS   !
    !___________________________________________________________________________________________!
    !TOTAL UNITED STATES  ! 20584822 ! 3084750 !2471070 !1894445 ! 1467786 !  2223786 ! 9442986 !
    !___________________________________________________________________________________________!
    !FACTORS CONSIDERED   !          !         !        !        !         !          !         !
    !WHEN SETTING RENTS   !          !         !        !        !         !          !         !
    !_____________________!          !         !        !        !         !          !         !
    !LAST YEARS RENT PLUS !  5676832 !  869718 ! 731026 ! 518432 !  379774 !   543100 ! 2634782 !
    ! INFLATION           !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !LAST YEARS OPERATING !  4576243 !  513964 ! 510527 ! 344692 !  331520 !   489270 ! 2386270 !
    ! COSTS               !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !EXPECTED OPERATING   !  4693239 !  478239 ! 502904 ! 341521 !  319331 !   434843 ! 2616401 !
    ! COSTS FOR COMING YR !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !EFFECT ON TENANT     !  3926259 !  426094 ! 415856 ! 316121 !  256013 !   357476 ! 2154699 !
    ! TURNOVER            !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !DEMAND FOR RENTAL    !  6813119 !  680962 ! 662940 ! 574413 !  467419 !   688157 ! 3739228 !
    ! UNITS IN AREA       !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !VACANCIES AT PROPERTY!  4711973 !  255920 ! 295113 ! 300477 !  312958 !   573426 ! 2974079 !
    !___________________________________________________________________________________________!
    !VACANCIES IN AREA    !  3917974 !  269132 ! 377428 ! 323961 !  272098 !   375495 ! 2299860 !
    !___________________________________________________________________________________________!
    !RENTS FOR SIMILAR    !  8923920 ! 1176679 !1136913 ! 832735 !  688627 !   807858 ! 4281108 !
    ! UNITS IN AREA       !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !GOVERNMENT RENT      !  2766114 !  111159 !  85204 ! 168284 !  148163 !   481891 ! 1771413 !
    ! RESTRICTIONS        !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    !OTHER FACTORS        !  1316344 !  303030 ! 193600 !  85585 !   82109 !   138668 !  513352 !
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    !DONT KNOW            !  1724697 !  319428 ! 154933 ! 132071 !   78925 !   155425 !  883915 !
    !___________________________________________________________________________________________!
    !NOT REPORTED         !  1187981 !  154163 ! 144990 ! 143946 !   95499 !   156201 !  493182 !
    !___________________________________________________________________________________________!
    
     NOTE: Items will not sum to totals because of multiple responses