Summer in McKinney gets very hot, with the average temperature in the high 90’s. That’s almost too hot to sit out in the yard, unless there’s a decent breeze blowing.
However, the housing market is even hotter. According to the National Association of Realtors, the median price of a home in North Texas in January was $259,000 which was an increase from $188,300 in 2014. That is some increase and it is not showing any signs of stopping. Just before the Great Recession, the median price was $150,900.
One woman, a high school teacher, found a house she liked in October 2017 priced at $195,000. She bid $210,000 and thought she had got it, but she was outbid. Between then and January she bid on another four houses unsuccessfully.
The result of this is that more people are looking to rent homes, so property investors are getting more choice of tenants while their properties are increasing in value rapidly.
Sit Back And Collect The Rent: Use a McKinney Property Management Company
Investors with one or more homes to let are seeking McKinney property management companies such as North Texas Property Management to let their homes and take care of all the day to day running of them, rather than get involved personally. Then all they have to do is to sit back and collect the rent. As a McKinney property management company we take care of absolutely everything for you, including any repairs or cleaning that needs to be undertaken when there is a vacancy.
We do ask that the electricity and water services are left on during a vacancy because this enables us to undertake cleaning and repairs. It is also a good idea to keep the home cool during the summer months and warm in winter so that prospective tenants can take their time inspecting the property without feeling uncomfortable. In addition, it is the case that the lights are very useful for rooms that have little natural light or when prospective tenants are viewing late in the day as it gets dark. We contact every property owner as soon as a property is leased so that the utilities can be contacted to turn off the service.
As a McKinney property management company our aim is to provide services to investors that save them time and money. We have been renting out single family homes, condos, duplexes, and townhomes in McKinney for many years and our knowledge of the city is unsurpassed. Our expert advertising and marketing skills result in high call volumes from potential tenants, which in turn means that our clients’ homes are rented faster so that they are not sitting there doing nothing when they should be earning you money.