There is a lack of inventory for the housing market here in the Seacoast area of NH. While this article is geared towards home sales, the same is true with the availability of rental units in the area. This spring we are seeing a large demand for a home to purchase or rent with less than enough supply to choose from.
The benefit sellers have in this type of market is very similar to the advantage investors see. A landlords unit(s) should rent more quickly than in a market with higher inventory. However you have to keep an eye on your competing landlords and make sure you are priced correctly for your neighborhood and property type. You also have to have the property in a rent ready condition. A professional property manager will make sure that you do all you can to minimize those periods of vacancy.
If you are using a property manager or leasing agent here in Dover, Portsmouth or Exeter – they should be renting your property quickly and to great tenants. Here are a few pointers to maximize the return on investment and making sure your investment is performing.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.