Renting a place to live, instead of owning, has recently become increasingly popular, especially among younger people below the age of forty; but why so? Not too long ago, renters between the ages of 18 and 35 were surveyed to find out why they opted out of owning a house. One main reason for someone to choose to rent a home rather than purchasing is the luxury of having maintenance services. There are many times when help is needed around the house and a person isn’t able to fix everything on their own, yet having to hire someone to deal with every little problem can add up, causing quite the expense. Renters spoke up about being overwhelmed when it comes to fixing serious repairs on things like furnaces, appliances, and water heaters when they would rather call someone to handle it for them.
Another reason why so many people are starting to rent more is that it’s not as big of a commitment as potentially buying a home. While renting doesn’t allow a person to build equity with property ownership, it’s often less expensive than a monthly mortgage payment.
Here at Real Property Management Highland, we know that the population of renters is only getting bigger, as is the number of rental properties. We help rental property owners find excellent tenants and then serve those tenants well to help increase the duration that they stay. We also perform regular property evaluations in order to catch major problems before they happen, resulting in less stress for both the tenants and the property owners.
Would you like to learn more about our property management services? Please contact us for more information.