Greetings!
Happy New Year to you and your family from our family at Garner Properties & Management, LLC! What new year would be complete without a couple of market predictions? Below we present the short list of ours. We also discuss an interesting article found on www.money.com. Finally, Garner Properties is a proud member of the National Association of Residental Property Managers ("NARPM"). NARPM is not only an advocate for the property manager, but has also expanded its reach to provide support for the tenant as well. They have posted valuable information on their site for tenants which we have provided below. |
 | Market Predictions for 2011 |
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It's that time of year again where we make market predictions for the coming year:
1. The real estate market is expected to remain flat for the next few years. To that end, we expect the rental market to remain strong and see growth.
2. While initial rent fees will remain lower, we expect to be able to increase rates on a lease renewal.
3. We also expect to see an increase in lease renewals in the coming year as tenants settle in to their homes.
Do you have predictions for 2011? We would love to hear them. Send them to us via e-mail. |
| Fear Of Buying Continues |
| An interesting article appeared on www.money.com on December 2 regarding the continued trend of home buying angst. Despite affordable prices and low interest rates, consumers are holding off on buying homes for various reasons. While this situation is keeping Real Estate Agents in the hot seat, it is good news for our property owners becuase it means more people are renting. It is also good news for our tenants because it means that you are not alone out there. Click here to view the article in its entirety. |
| Protect Yourself Against Foreclosures |
| FROM THE WEBSITE OF NARPM: "In an effort to help consumers confused by recent changes in area housing markets, NARPMŪ has set up a website to assist individuals who are either currently renting a single-family home or are considering renting in a specific area. By logging onto www.WhyUseOne.com, consumers can find out more about local real estate laws governing rentals, as well as discover the type of protection NARPMŪ offers renters. A variety of marketing materials are also available to promote the site." |
