For the first time in the past few years, the massive supply of Antelope Valley rental homes seems to be shrinking! For quite some time, our daily average supply of rental homes was hovering in the neighborhood of 
250 available units. Now however, the daily average appears to be holding steady at about 150 available homes for rent.
The most obvious reason for this decline in numbers is based on the Countrywide crash. When Countrywide tanked, it caused the lending industry to go through a major overhaul. The carefree lending, 100% financing, everything is wonderful days came to a crashing halt. So how does that influence the number of rentals available?
Now that it is so much harder to qualify for a home loan, we are seeing massive amounts of 
people turning to rentals to meet their housing needs. As an added bonus, many of these people have great jobs, awesome income, and perfect credit. The problem is that they don't have a large amount of money to throw in for a down payment. What that means, is that we are now seeing more highly qualified, low-risk renters than we have for a long time.
Of course you still have to be careful.
Just because there are more awesome renters out there today than there were yesterday, that doesn't mean that the bad ones have all gone. It doesn't matter if you live in the Antelope Valley or anywhere else in the country, you still need to take the time to make sure the job is done right. If you are considering renting out your home, you should at least talk to a property management company to learn about the way rentals work. You might feel confident enough to manage your rental yourself, but it doesn't hurt to go at it with as much knowledge and information as possible.
This may be the best time in years to rent out your home with peace of mind, but peace of mind does not warrant absence of mind!
Classic Property Management, putting your mind at ease for 15 years. For more information, check out our website by clicking on the logo to the right!
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