Professional Property Management Performance
August continued the steady summer trend of rental rate increases and low-moderate vacancy. New leases and renewals saw a 5.23% average increase in rental rates.At the beginning of the summer, we did see some notices to move-out due to purchasing a home. Recently, we’ve had none. Could just be a coincidence, but perhaps the sudden interest rate increases have discouraged home ownership for the late part of the summer. Hopefully the economic forces that be are a little more constructive in the future than these two fellas:
What would you like to hear about?
I’ve recently received a few suggestions for informational topics that I thought were great ideas. As my reason for spending time on this blog is two-fold: 1) Giving additional transparency to homeowners / clients and 2) Providing resources and information to make us all better investors, I’d very much like to hear where you feel your knowledge gaps might be or which aspects of real estate investment you find your comfort level is less than ideal. As the weather cools, I devote more time to education and refinement in my skills, so please shoot me a message or give me a call with your ideas.