Property Management Rental Market Update – July 2018
RE/MAX Infinity Property Management – Pace, Milton, Pensacola
The summer is in full swing and the Pace and Milton rental market has been moving very quickly. Rental inventory is extremely low and most homes are renting very quickly. Due to the lack of supply, prices have been rising and competition has allowed us, in many cases, to screen multiple applicants, in hopes of securing the highest quality tenants possible for our available properties.
We have seen steady movement across most all price ranges. There is a very strong demand currently for 3 and 4 bedroom homes between $1,000 – $1800/month. Above $1800/month, the time on market has been slightly higher than rentals priced below that price point, but has still been moving quicker than normal.
On average, we are seeing most houses rented in less than 15 days. For many, especially those 3 and 4 bedroom homes priced between $1,000 – $1,600 have been renting in less than 10 days. For homes that have been priced slightly above market estimates, we have seen properties moving in approximately 20-30 days, with minimal adjustments needed in pricing.
If you are considering renting your home, it is very important to present a clean, quality home and have a very strong screening and application process in place. Finding tenants can be very easy, but with the increased demand and lack of affordable rentals, there are a high number of unqualified tenants currently looking for any available homes. Additionally, many tenants are moving in from out of the state, so quality marketing photos, videos, and 3-D tours can help secure these tech-savvy tenants before they arrive in the area.
If you need help renting a property, call RE/MAX Infinity Property Management to learn how we can help. We know the Pace and Milton rental market better than most and utilize some of the most advanced marketing strategies available. Learn what makes us different and what steps we take to find the best and most qualified tenants.
We provide the following for all of our property management clients:
- Free Rental Price Evaluation
- 25+ High-Quality Marketing Photos
- Walk-Through Videos
- Optional 3-D Tour of Home
- Professionally Written Property Description
- Online Marketing to the Top Rental Listing Websites (Including Zillow, Trulia, Realtor.com, REMAX.com, and many more)
- Quality Tenant Screening – Criminal, Credit, Background, Employment, Residency History
- Professional Showing Agent for all Tenants – We don’t check out keys or let unknown people into your home unattended
- Proprietary Lease Agreement to Ensure You Are Protected
- Property Inspections Before, During, and After Tenancy
- Professional Accounting and Monthly Statements – So you know what’s going on with your money
- Maintenance Coordination to Ensure that Your Property is Properly Cared for and Maintained
We would love an opportunity to discuss your needs and provide you an option or help you rent and protect your home. If you need professional rental management services in Pace, Milton, or the greater Pensacola area, please give us the chance to talk about how we can help. Our consultations and advice are always free.