Have you been contemplating whether to rent your home now or wait until spring? Do you think you missed the summer renting frenzy? We want to share with you the top 4 reasons why NOW is a great time to rent out your home.
1. Millennial Home Ownership is DOWN
According to the US Census Bureau, only 36% of Americans under the age of 35 own homes. This is the lowest since 1982! Why is this? According to CNN Money, astronomical student loan debt, tight lending standards and stiff competition are causing millennials to hold back from buying a home and renting instead.
2. Snow is Coming!
Have you tried moving into a home with a foot of snow on the ground? Not easy! People in Michigan already have this in mind and are looking to move before the massive snow hits in January and February.
3. Happy Holidays!
Life slows down for nearly everyone between Thanksgiving and New Years. Although we expect to see a bit more activity due to the low rate of homeownership, now is definitely ideal to get your home listed before the holiday fever starts.
4. Increasing Rent Prices!
Basic economics says that when supply is low and demand is high, prices are driven up. Time Magazine states that rent prices have risen 14% since the end of 2009. Second quarter of 2014 was the 18th consecutive quarter of rent increases!
Click here for a free quote to see how much your home will rent for! Or call us 616-301-9450
So yeah, we're a little geeky and take this whole "Property Management" thing pretty seriously! We love what we do and we're pretty damn good at it too. Own Properties? Life is too short to struggle with doing it yourself or a bad management company. See how it could be.
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