The Rent Experts is streamlining operations to save owners money, time and energy! Standardizing paint colors is an efficient and simple way to make units look better and lower paint costs. Read more to see how we are working to save you money.
Fast Facts about Today’s Renter Demographic
According to a study by the Joint Center for Housing Studies at Harvard University
· In 2016, 37% of all U.S. households (representing an estimated 110 million people) were renters.
· The number of renter households soared by nearly 9 million from 2005 to 2015, the largest increase over any 10-year period on record.
· Renters have accounted for all net growth in households since 2005.
· The bulk of rental growth can be attributed to Baby Boomers—the generation added 4.3 million net new renters over the past decade. In comparison, Gen X added 3 million net new renters, and Millennials added just 1 million.
· More than half of city dwellers rent their housing, compared to 28% in suburban communities.
· One-third of renter households earn less than $25,000.
· Only 11% of renter households earn $100,000 or more.
· Families with children make up 31% of renters, compared to 27% of homeowners.
· Minorities and foreign-born households account for half of renter households, compared to just 25% of homeowners. The differences are particularly striking among black and Hispanic households, with each group making up 20% of renters but less than 10% of owners.
Another reason why you need a to hire The Rent Experts
This is your bread and butter as a landlord. This payment from the tenant goes directly into the fund that helps pay for your kids’ education. As a country, the renter, has grown at a record pace. Therefore, landlords need to be more cautious than ever when it comes to who they give the keys to.
This is one aspect of property management that we pride ourselves on at The Rent Experts. We know that not only do we have to find the right tenant to pay their bills on time, but also one that will treat your home with respect. The credit check, prior history in the rental market, and references all play key roles in finding a great tenant. We have developed a very meticulous process that has proven to be very successful.
After seeing thousands of applications come through this office over the last four to five years we have done very well at picking that correct tenant for the correct property. Unfortunately, in this business we have learned that perfection is unobtainable due to life circumstances. While we have placed countless tenants in properties evictions without any problems, occasionally a bad apple does slip by. Using credit, criminal and eviction history reports coupled with income verification and references we work hard to find the right tenant.
For more information on us, The Rent Experts, please view our website threntexperts.com, follow us on Facebook, or just give us a call at 251-299-2100.
Areas and architecture of Homes for Rent in Mobile.
Looking for a home to rent in Mobile and not familiar with the area? Use this post as a cheat sheet for what you will find in the different areas of Mobile. Our office is located in Downtown Mobile. Downtown you will find upscale, historic buildings converted into lofts and apartments for rent and small shotgun homes on the outskirts. Downtown is great due to the high number of restaurants, libraries, and coffee shops.
Midtown usually has quite a few rental homes available as well. Midtown homes are also historic but typically single family or duplex style properties. They can be bungalows, greek revivals and everything in between. Midtown also has it's fair share of great places to eat, shopping and more. Callaghans in Oakleigh is popular for a burger, Kitchen on George offers Sunday Brunch. Even better you usually never more than ten minutes away from Downtown where Mobile's entertainment district is. The Rent Experts manages multiple houses in this area and even some apartment buildings in this area. Midtown is composed of a few historic areas. Specifically, Old Dauphinway, Oakleigh Garden District, and Leinkauf.
Springhill is a beautiful area with upscale homes some situated on golf courses and college campuses. The Springhill area is excellent if your looking for a larger property or want to be near Springhill Campus or a short drive to the University of South Alabama.
West Mobile is for those who prefer newer construction. Most homes are single story brick dwellings with two car garages and built in the 90's or newer. As the city expands new shopping and entertainment has exploded west ward creating lots of opportunities for people to have everything they could want within just a few miles. The Rent Experts has lots of homes for rent in this area.
This is just a quick sampling of the areas of Mobile and a very abbreviated and generalized description of the types of homes we have for rent in these areas. Feel free to check out our website The Rent Experts for available homes for rent.
Using a Rental Agency to find a home and where to look.
Mobile and Baldwin County have a variety of new and older rental agencies that manage properties for owners. Some have started in sales and branches out into property management. Some only focus on finding tenants properties by selling lists of available properties.
Some places that rental management companies advertise if your looking for a home is www.zillow.com, www.trulia.com and www.craigslist.org. If your looking for a rental home, be careful when searching on craigslist. While there are a lot of legitimate homes being advertised on craigslist, a few are guaranteed to be scams. The way the scam works is they steal legitimate photos of properties for sale or rent online. They then lower the price and replace the real owners phone number with the scammers. When you call the number, they will tell you they are out of town and to send in a deposit and they will send you the key. Since they don't have the key, and have never been in the property or have ownership you naturally never receive a lease or key to move in. Don't fall for this scam! If you really want to be safe use a licensed real estate rental company to locate your next home.
You can locate local ones by searching property management or rental agencies in your internet search engine like bing or google.
Why Use a Property Manager?
Property management is a business that requires efficiency and skill. One misstep can lead to thousands in damages or vacancy. Having the right tools to do the job are what can determine success or failure as a landlord. Property managers, like The Rent Experts have the tools to increase the likelihood of success. While nothing in investing is guaranteed, being able to properly screen tenants can make all the difference in the world. The Rent Experts screens tenants with in depth credit reporting, criminal background and eviction history.
On applications, previous addresses are verified using an online search system. References and landlords are called and verification of employment is implemented. Choosing a tenant is half the battle. Yet, this is still just one reason to use a property manager.
Solid property inspections using photographs and software help insure you know the condition of the property when the tenant moves in. This can assist with keeping deposits and placing charges in the event of damages. Another great system that The Rent Experts offers is an online payment portal. Tenants can pay rent with credit cards, debit cards, and checks online. In addition, we have a drop off location for rent and can autodraft. Payments can be sent to property owners electronically or by check like clockwork.
There are many other reasons to use a property manager. Correct forms and legal procedures being followed, rental knowledge of the market, local knowledge of Mobile and Baldwin County and more. If you think you may be interested in having your rental property managed, give us a call at 251.299.2100 to setup a consultation. We are always happy to be of service.