|Specialty||# of Agencies|
|Single House or Condo||2|
|Home Owners Association||6|
|Total Local Companies||8|
The average rent for a 3 bedroom house in Dayton, OH is $1,017.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Is Dayton on the Verge of Turning an Economic Corner?
On paper Dayton appears to lag behind the rest of Ohio in the statewide economic recovery, but if positive growth continues, this could be an opportunity for small rental property investors seeking preemptive strategies for sidestepping competition from large institutional investors. According to the U.S. Department of Labor, Dayton's unemployment rate was 7.5% in January 2014, higher than Ohio's state average of 6.9% and the national average of 6.6% for the same time period. 2012 data from the U.S. Census Bureau American Community Survey show that a little over 36% of Dayton households rent and almost 25% earn an annual income of $15,000 or less. As often associated with these statistics, Dayton's foreclosure inventory is higher than other Ohio cities with stronger economies, but this also creates some low-cost market entry points.
Explore Investment Opportunities near Strong Employment Centers
While Dayton's economy continues to find direction, small landlords and independent investors might want to consider examining affordable assets close to recession-resistant employers, including the nearby Wright-Patterson Air Force Base. Premier Health Partners, a network of five hospitals and two health centers, is Dayton's largest employer with over 14,000 employees. In late 2013 Premier acquired the Ohio Neurological Institute in Dayton as part of an ongoing effort to add neuroscience staff. Premier also partnered with Wright State University to build a new Neuroscience Engineering Collaboration Building on campus. Off-campus housing is another viable alternative. U.S. News & World Report ranks the University of Dayton (8,042 enrolled students) at #112, roughly halfway through their complied list of 2014 Best Colleges and National Universities, but Entrepreneur Magazine ranks the university's School of Business Administration a notable sixth in the nation for entrepreneurs. The suburban environment surrounding the university lends itself well individual rental property owners who prefer to own assets oriented to off-campus living. Currently 26% of the students reside off campus. While researching properties, keep in mind that large foreclosure inventories don't imply easy acquisitions. Good condition B/C Class properties are often identified early and tracked by realtors who represent regional and out-of-state investors. That's why many small landlords and independent rental property investors work with Dayton property management companies for local insights on the rental marketplace. Most property management companies employ real estate professionals who do more than collect rent, screen applicants and contact maintenance contractors. These property management companies also offer acquisition and sales services that are optimized for rental property owners. Take a few moments to review the Dayton property management profiles listed here and then request your free information today.
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