The current rental market is Hot.  The recent record number of foreclosures have left families displaced, bank owned properties sit empty and mortgages are hard to come by.  Throw in unemployment  and depreciating properties and you get a high supply of prospective tenants. 

Properties shouldn’t be sitting vacant long in this market.  Most of our clients have new leases started the day after their old tenant’s lease ends.  With 60 days notice and a hot rental market, how could you have vacancies?    Any good property manager should, on average be able to rent your property in 2 to 3 weeks, if not, something is wrong. 

When I look at properties online I see some that have been vacant for 200 to 300 days??   This is ridiculous and I believe it is mainly from realtors telling owners what they want to hear and not being responsive to prospective tenants.

This rental market will be hot for the foreseeable future, but won’t last forever.  Investors should be maximizing  their opportunities while they are there.

For Expert Property Management in Hillsborough, Pinellas, Manatee and Sarasota Counties contact Sun Rock Property Management

Related posts:

1. The Effect of Record Foreclosures
2. As Home Prices Decline, it is a Great Time to Invest in a Rental Property
3. The Other Number

Located on Tampa Bay in Apollo Beach, MiraBay is the dream for anyone who wants to enjoy the luxury of living in Tampa’s all-inclusive waterfront community.

At MiraBay, you are more than a resident, you are living the coastal resort-style community dream. MiraBay offers its’ citizens more than 35 active resident clubs. If you prefer, you can visit the MiraBay spa and join friends for brunch at The Galley Café, a waterfront restaurant.

For the active lifestyle MiraBay offers tennis lessons,swimming in the distinctive bridged pool, or exercising with top-of-the-line equipment in the fitness center.

Residents have access to water on the freshwater lagoon, saltwater canals or Tampa Bay itself. Every holiday season,  MiraBay hosts its annual “MiraBay Mariners’ Club Lighted Boat Parade.” The event takes place as a spectacle of festive lights in the MiraBay Lagoon. It is a wonderful way to celebrate the holiday’s tropical style with the whole family.

For the prospective investor, there are a variety of residential properties to choose from. MiraBay offers townhomes, coach homes as well as a variety of single family homes.  It is best to contact a property manager for pre-purchase consulting and specific rental rates.

For expert property management in MiraBay, contact Sun Rock Property Management.

Related posts:

1. Lakewood Ranch – Property Management Perspective
2. Heritage Harbour – Property Management Perspective
3. Manatee County – Property Management Perspective