Considering Renting Your Home?

As spring and summer heat up, more and more homeowners decide now is the time to put their home on the market to see what kind of offers they can get. Ask any realtor today, and they will say the same – inventory is low and homes are being scooped up incredibly fast as buyers take advantage of low interest rates forecasted to go up in the next year. What you might not find as often is that many in our community aren’t looking for the long-term commitment of a 30-year mortgage, but still want a nice place to call home. “We have a waiting list of people looking for homes to rent, and our vacancy rate is only two percent right now,” said Resort Property Manager Stephanie Booth. Booth sees first hand each and every day the demand for quality rental homes as the inquiries pile up.

Resort Property Management was well known in the community and nationally as a local vacation rental company but has recently switched its focus to long-term rentals as the demand continues to increase. The company has spent the last year increasing efforts on its fully furnished executive rentals, which include anything from condo spaces at Riverstone to four and five bedroom waterfront homes. “We see a lot of people that come to our community to teach at the college, move here for a new executive position, or work with Kootenai Medical,” said Booth. “These renters can do a three or six month agreement with us depending on how long they will be in the community.” Booth says executives and those moving to the area for a new job enjoy the flexibility as it allows them to move their families into a comfortable and furnished environment while they search for their own place to call home in a competitive housing market.

For those looking to make the jump up to a larger place or downsize their current residence, it’s important to consider the idea of renting out your current home. Hiring a company like Resort Property Management to fill your home with quality, long-term renters allows you to earn some additional monthly income all while someone else is paying down your mortgage. “You will be surprised what people are willing to pay for a comfortable rental property, and we like to offer a wide range of options,” said Booth. Resort Property Management offers a free consultation on what it might look like to put your current home on the rental market. They will assess your property, go over the costs of renting and what you can ultimately get in long-term rental income. With a glut of potential renters in the market, most new rentals are filled within weeks of being listed. Even renting out your home for a few years will help pay down your current mortgage creating more equity in your home if you choose to sell in the future.

For those currently seeking quality rentals in the area, a visit to resortpropertiesidaho.com will show you a wide range of rentals from one bedroom condos to furnished family homes. A call into the office will give you the most up to date information when rentals come available as well. If you’re looking for a place to call home or potentially making additional income by renting out your home, give Resort Property Management a call as they are happy to assist.

Resort Property Management, Inc. 2120 North 3rd Street Coeur d'Alene, Idaho 83814 208.667.6035

www.resortpropertiesidaho.com

#local #businessspotlight #shopping