Real Estate Investing and Property Management

Real Estate Investing and Property Management

Residential property management in West Chester, PA involves serving two different rental communities.

The first community includes students who attend West Chester University. As certain geographic aspects of West Chester do not let student rentals, it is significant that you be sure what component of town ignore the property is located. Student housing is quite time consuming for property managers and extra man hours for everyone their needs. For example, with student housing we calls to improve light bulbs, remove snow or ice, clean rooms and lots of other requests we typically aren’t getting from non-student tenants. As an investor you intend to make sure that you just have a property management company in West Chester, PA arranged to handle these complaints or be prepared to take care of them yourself.

Also, with student housing you’ll receive a lot of turnover and the majority students stay twelve months and re-locate. So be sure you plan high tenant turnover when thinking about investing here.

The second community in West Chester, PA is non-students. This may include people that live in this very well liked community maybe in some cases folks that work at West Chester University. These forms of tenants tend to be mature and simpler to manage the properties during which they reside. Additionally, they have a tendency to pay rent in time and do not need nearly as mush maintenance or attention. As an investor this could be the better option, these types of investment properties are likely to cost more per unit.

The nice thing about it is non-students may live in forget about the property for quite a while and reduce your vacant time.

West Chester, PA is a very well liked community with plenty of shops and restaurants inside downtown section. West Chester, PA can also be the home of QVC, among the largest employers inside area.

This town has become a very hot niche for both sales and rentals. The average sales price for home at the time of November 2018 is $414,100. The average sales cost is up 3.4% over the past year. The rental market can also be seeing nice price appreciation. The average rental is $2,242 monthly and is up 1.5% during the last month. This even compares to the average rental in Philadelphia of $1,581 and nationally of $1,449. Given the strong popularity and strong employment within the area I would suggest mtss is a great place for sure estate investors to find investment properties and above average returns.


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