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What is the Summer Rental Market Like?
08-09-2016
08-09-2016

 

The summer rental season is the most active time of year, according to our experience at Propman Property Management. People are moving in between school sessions and using the nice weather to look for new lodging.

 

 

This summer’s rental market has already shown to be hotter than last year’s. The rental demand rose in May, and more potential tenants are active in their rental research, contacting the listing agent directly rather than using a leasing agent.

People are Using Technology to Find Homes

We contribute this increase to the development of user-friendly real estate websites (like ours) directed at the rental market, and easy access to the Internet through mobile devices. In one case, we even “showed” a property to the wife of a serviceman who could not make the showing using Facetime as a live video feed. He was able to view the entire property while asking questions about the unit, and we were successful in renting the unit without the need of an additional showing.

At Propman, we like to contract with our property owners before the busy season, often in winter or early spring. This gives us time to prepare the property for incoming renters to make them most attractive before the market heats up. After all, a desirable property can earn you more monthly income.

Preparing a Property for Summer Rental

To prepare a home for rental, we suggest that owners overseed and fertilize the lawn, powerwash siding, and perform spring maintenance, like cleaning gutters and inspecting chimneys. We also recommend that they repair or replace broken or damaged appliances. For example, a 25-year-old rusty appliance can show lack of interest in your rental property and in almost all cases, be reflected in your tenants’ attitude toward the property during their tenancy.

Owners should also deep clean their unit, professionally cleaning the carpets and painting if needed. Wood cabinets and floors should be cleaned and treated.

In our experience, the biggest mistake a homeowner can make is to place their property on the market when it does not show well. It is a big waste of time for rental agents and applicants, and if you do get a tenant, they will likely not respect the property as you would like them to.

Propman Property Management tries to make it easy for potential tenants to learn about our rental properties. They can search online through our “Available Rentals” and even answer questions (FAQs) and submit an application online.

Our property owner clients rely on Propman’s expertise in preparing properties for rent, and in finding the right tenants. If you have a property to rent, or are looking for a rental home, please contact Propman.


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