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Rental Trends Must Be Watched

Smart landlords in San Diego follow the trends. They know that such information is going to determine whether rent in San Diego is going to rise or not. While the overall picture for San Diego is favorable, with rents going up, landlords still must be careful. If that rent is too high, it will take quite a while to fill vacant apartments. That wait can result possibly in the lowering the rent charged.
Overall trends might not translate into the same thing happening at the local level. A real estate portfolio with properties in several suburbs can be difficult to balance. Trying to determine what trends say can make it all even worse. Property management companies look carefully at trends. Alta Vista Properties is a property management company in San Diego that pays attention to the figures.
Checking Comparisons
We look at trends with an eye to individual properties. We are careful to make sure that apples are compared to other apples. The rent for a three-bedroom apartment is going to be different than that of a two-bedroom place We also consider the location of the apartment. Are rents in the neighborhood rising or are they remaining stable? It is an important question which we work hard to develop an answer. It can determine what amount of rent increase, if any, we recommend to a client. Trend figures give us a base with which we work. We have an idea of the range of rate increases, and we can improve on that. We do it by tweaking the appearance of the apartment. It’s amazing what a coat of paint or a little extra polish can do for an apartment available for rent.

Appearance Helps Determine Rent
We check on the appearance of the apartments with periodic inspections. We make a note of where some improvements need to be made, and we arrange to have a repair work done. When the appearance justifies the rental price we are charging, Alta Vista Properties will start an aggressive marketing campaign. All venues are used, including traditional media, the Internet, word-of-mouth, and leads we have developed over the years. Because we quote the right rental amount, we are ordinarily able to fill a vacant apartment quickly. We bring a great deal of experience and expertise to the table. We have been providing service to property owners in the San Diego Metropolitan Area for decades. Alta Vista Properties has a well-earned reputation for maintaining the value of real estate.

We Can Charge Higher Rents
Inspections and prompt response to any emergency repairs enable us to keep apartments and rental houses in top shape. It enables us to command top rental dollars for our clients. Our ability to maintain a good working relationship with existing tenants guarantees that an apartment has tenants for extended periods of time, with many renewing their leases after the old one has expired. Trends are going to rise and fall over the years. It is possible that increases in rents will slow down and is also true that they can speed up. One thing that remains certain in any year is the high quality of Alta Vista Properties service. We do start to finish, comprehensive service for clients.
We market the available property, screen and do background checks on tenants, set up electronic transfers of rent money and prepare leases, and do necessary repair work on time. All of this has made AltaVista Properties one of the best property management companies in San Diego. We encourage prospective clients to contact the references and talk to our former tenants. All will speak of our professionalism in glowing terms.
Please do inquire at any time about our property management services. We can be reached at 858-274-3600 or by email at info@altavistaProperties.net. We look forward to hearing from you and answering your questions.

Posted by: michaela on November 7, 2017
Posted in: Utilities