A Summer For Landlords
With increased rents, reduced turnover, and escalating home prices, this is a good summer to have rental properties. In July, the strong majority of our turnover was in Canyon County. Even still, we saw a 5% increase in rents for new leases and renewals. Reduced turnovers combined with a proper preventative maintenance program can significantly affect the return on housing investments. Fortunately, we’re at a 67.25% renewal rate for 2013 so far.