High End Properties moving........

By
Services for Real Estate Pros with HomePointe Property Management

Over the last 45 days I have started to see higher end properties start to rent out quick again.  Could this be a change in the market?  Is this a fake rally like some people are saying about the stock market.  I think we are still about 2 years from being back to good times.  Having tenants feeling confident who have high incomes is always good for these properties.

 

I still recommend to think positive and list your home if you cant make a sale.  Renting your home for 2 years will help you gain equity if possible.

 

Sidney Poritz

HomePointe Property Management

916-429-1205 ext. 800

sporitz@homepointe.com

Comments (5)

Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Sidney, that's great news for you! Just be aware that a new breed of tenant is becoming more widespread, those who don't pay anything after move-in costs and stay in the home rent-free until they are evicted...then they just move on to the next victim!

Leilani (Souza Realty)

Sep 16, 2009 06:32 PM
Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

Hi Sidney.  We get many requests for high-end properties, however tenants are looking to pay less for them.  Regarding Leilani's comment, we have seen this.... we try to move them out very quickly!

Diane

Sep 17, 2009 05:13 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Sidney * question them when showing the property * new hires to the area?  THEIR HOUSE  SOLD and they have STUFF and want to stay in the area?  Loads of reasons - in our area, people are selling and they want keep their kids in same area!!

Sep 17, 2009 10:56 PM
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,

In my area there are so many higher end homes for rent that they are hard to fill, and rents are coming down for them.

Sep 18, 2009 06:04 AM
Rich Murray
PMNC, Cary, NC - Cary, NC
GRI, ABR

In m y area properties are renting well. The stuff over $2000/mo is a little slow but they are renting. The stuff under $2000.mo is renting well.

Sep 19, 2009 01:03 PM