Hope Street Gets Complaints of Edmonton Landlords Being Squeezed by Tenants
Summary
Higher end homes have also seen a drop in average rent price but the demand for them is up as tenants “move up” and are able to afford larger places for the same budget.That may seem small but it’s roughly 1 out of every 13 rental homes that are sitting empty and if that’s your home, it can be financially devastating.“That’s one of the main reasons people choose to use an Edmonton property management company instead of managing their own rental properties,” says Shamon Kureshi of Hope Street.“A property management company typically fills their inventory much faster than an owner will on their own.” He’s worked managing properties for a few decades and knows that even though “really bad tenants” get the most recognition, it’s empty houses that really cripple landlords.The current Edmonton market is still a renters market with many landlords willing to negotiate terms and prices, but things are starting to level.Higher end homes have also seen a drop in average rent price but the demand for them is up as tenants “move up” and are able to afford larger places for the same budget.What can you do to fill your rental property faster?They’ll be able to let you know what they handle, what they don’t, how much it costs, and then you’ll be able to make the right decision based on your time and financial investments.Hope Street Property Management serves Edmonton landlords & tenants.