It is important for you as an employer to fully understand the process that your relocating transferees who choose to rent go through. This slideshare will offer some insight into the most important parts of the process.

1. Renter Policies

2. The housing market is going!
through a shift

3. What was once a homeowner
dominated market is now beginning to
transition towards renting, and with
that comes a lot of adjustments.

4. More and more people, especially
Millennials, are choosing to rent
property over buying it

6. Home purchases seem too risky to
the younger generation

7. What if they don’t like
their city?

8. What if they are unhappy
with their new job?

9. Renting is viewed as an !
opportunity to test the waters

10. It is important for companies to
recognize and understand that they
need to accommodate renters as
much as they do their homeowners

11. Being prepared and properly informed
about the rental market (and the process
as a whole) is going to be the best tool
that you can have at your disposal – !
for both your sake and your employees

12. We have outlined the renting
phenomenon and everything you
need to know about how to approach
it to benefit your transferees

13. 1. The Reason For The Shift

14. There is a high demand for skilled
talent to fill talent gaps due to an
aging population and Baby-boomers
leaving the workforce

15. This has led to an increase of
hiring and relocating Millennials
right out of college

16. And since Millennials love to rent…

17. This has resulted in a
spike of the amount of
renters present in the
workforce

18. Not only are Millennials apprehensive
about the commitment that comes
along with homebuying…

19. …they likely aren’t coming into the
housing marketing with the most
attractive credit score.!
!
in fact…

20. 2/3 of the graduates walking away
holding their shiny new degree !
are also carrying a whopping !
$26,600 !
in debt

21. Along with this, there are
many other sticky situations
homeowners can find
themselves in

22. Foreclosure

23. Short Sale

24. Bad Market

25. With these less than ideal situations
relocating transferees can find
themselves in, it is no surprise that
they have gravitated towards renting
instead of buying

26. 2. What You Need to Know

27. There are many challenges existing in
the market today

28. Higher Rent Prices

29. Limited Availability

30. Stubborn Landlords

31. With this, real estate brokers and
agents are working even harder to
provide services to renter transferees

32. Even with this, renters aren’t receiving
the level of assistance they need due
to a lack of attention from employers

33. For example:!
Many companies do not
understand rental
assistance and finder’s fees

34. Let us explain

35. Finder’s Fee: a fee for !
helping a tenant to !
find an apartment

36. Rental Assistance: services provided
to help the relocating employee
familiarize themselves with their
housing options

37. Agents may be with a transferee from
dawn to dusk until a residence is located

38. Although agents do their !
best to set expectations !
with the transferee up front…

39. …situations may arise where an agent
continues to work with the transferee !
for several days, but only gets
compensated for the number of allowed
days provided by the employer

40. 3. The Challenges

41. There are a lot of possible roadblocks
that a renter can face

42. While current renters won’t
experience a loss on sale, that
doesn’t mean leaving an old
apartment behind doesn’t come with
its own set of costs as well

43. The result
of all this:

44. A landlord controlled market.

45. Landlords are less likely to !
negotiate on price, as well as other
considerations including the !
inclusion of a lease-break clause !
in the lease agreement

46. This can cause a big strain on those
with a time-sensitive move or are only
moving for a temporary assignment

47. Employers can often find themselves
having to cover any of these
additional costs their transferring
employee faces if they are in a time
crunch

48. Every little
cost
adds up!

49. And every bit of reimbursement helps

50. Lump sum and relocation !
technology alike have now begun to !
fit the mold of renters needs

51. This is substantially
more difficult !
to handle for an
expatriate

52. Does your expatriate
have credit?

53. Do they have a visa?

54. Do they have an
Employment Letter from
their previous employer?

55. Your expatriate needs all of these
things before they even start to think
about the process of actually
obtaining a place to live

56. Prepare your
expatriate for

57. High rent depending
on location

58. School districting

59. Transportation

60. The more you can streamline the
process for each transferee, the more
structure and guidance your
transferee is going to feel, making it
easier on you in the long run

61. 4. The resources your
transferee needs

62. Finding a place to live is a stressful task with
which transferees need your guidance

63. Encourage homefinding trips

64. Prepare them for the costs !
they will face if they are going !
to need temporary housing

65. And make sure you understand the
rental market to give them plenty of
time to work out their accommodations

66. If you can avoid confusion,!
stress, and anxiety…

67. …the relocation process will be
smoother for both you, making for
a happier (and more productive)
employee