Choices of Area Rental Homes are Getting EASIER!

By
Property Manager with Gibson Management Group, Ltd.

There is a quote attributed to Henry Ford when he was asked if a customer could pick the color of his new Model T * Any customer can have a car painted any colour that he wants so long as it is black.

 

That pretty well sums up our area rental selection mid-way through this year's rental season.  Choices are NOT HARD because they are very FEW!.

I showed a home last week to a couple who said they would "get back to me".  They e-mailed me yesterday that they would like to go forward; unfortunately, the home they were interested in has RENTED and the new residents are moving in this weekend.

Just as many buyers want to see EVERYTHING in their price range, rental prospects who want to see EVERYTHING OUT THERE for RENT are having an EASIER time * there is not so much to spend their time looking at on our current rental market.

There are less than 100 listings on our local Craigslist listing roll and 20% of those listings are 30 minutes away and in a different area code.

Blinking their eyes and shaking their heads, they are putting in multiple offers for rental homes.  I just ask they provide a check for their deposit AND first full month's rent with their applications.  When scheduling a viewing, I suggest they come with their completed applications and checkbook.

Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

LandlordWhisperer

View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans

"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Virginia Albemarle County Charlottesville
Groups:
VIRGINIA
Property Management
Landlord Issues
CHARLOTTESVILLE REAL ESTATE
Real Estate Trends
Tags:
property management
homes for rent
charlottesville
homes for lease
rental property leasing
landlordwhisperer

Spam prevention
Show All Comments
Ambassador
1,723,639
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Wallace,

I laughed at the quote. I know it, but it was so well put here, so appropriately used...

I know that so often the Byuers become easier to work with after they lose on a deal, where they were the bosses.

When they lose, they start listening. And if they a good listeners, their chances are usually better

Jul 09, 2011 06:14 AM #1
Rainmaker
1,245,223
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Jon * rental prospects think that because there is an OVERsupply of FOR SALE listings, there should be an OVERsupply of rental properties * NOT!  Rents are UP and inventory is DOWN!

Jul 09, 2011 06:21 AM #2
Rainmaker
150,619
Virginia Gardner
Roy Wheeler Realty Co. - Charlottesville, VA
Realtor, Charlottesville, Serving Central Virginia

You hit the nail on the head with that... The public hears every other minute that the economy is terrible, that houses are plenty (to buy), and since they have a good paycheck and credit, they really are lulled into believing they can have whatever they want. 

Jul 09, 2011 08:27 AM #3
Rainmaker
421,084
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

There are not enough homes for lease here in our area.  They go quickly and tenants are frequently shocked until they lose out!

All the best, Michelle

Jul 09, 2011 02:45 PM #4
Rainmaker
1,245,223
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Michelle * when I'm working on a lease with approved applications and move-in monies in hand, I don't post to Craigslist * I do keep it on my website until the lease is signed.

Jul 09, 2011 11:21 PM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,245,223

Wallace S. Gibson, CPM

LandlordWhisperer
Ask me a question
*
*
*
*
Spam prevention

Additional Information