2016 Property Management Trends
It is always smart to prepare for changes in the Florida and Alabama real estate market, but it is easier said than done. This is especially true as the season picks up and your property managers find themselves in the heat of rental demands with less time than usual to follow industry trends. Southern Residential Leasing makes it a goal to check-in with regional and national forecasts and make sure they are keeping your property full all year long.
First on the list of things, national and regional vacancy rates. In short, 2015 was a good year for real estate, and 2016 is poised to be better. As a result you can expect to see vacancy rates dip and rental prices increase. This is great news for property managers and homeowners, but tough news for prospective renters. Unfortunately, tenants looking for a good deal will have a difficult time finding such a property, especially when one compares the market to 2008.
The demand for vacant condos, townhomes and homes for rent in Pensacola, Destin and Mobile far outweighs the supply, and there doesn’t seem to be anything on the horizon to drive rental prices down.
If you or someone you know is thinking about investing in real estate, now is a great time to do so. Contact our Gulf Coast property managers today for a complimentary rental analysis and listing presentation on how we can rent you property and at top dollar.