More than one million residents call Dallas home. The city has become one of Texas'---and the nation's---most popular destinations for renters and, in turn, property owners looking to invest and cash in on the substantial apartment demand.
Renowned Tex-Mex cuisine, a highly regarded downtown arts district and them good ol' Cowboys of the NFL and Mavs of the NBA are just a few reasons residents continue to flock to the Dallas area to sign lease agreements at rental properties.
Many renters are either students who are attending one of the city's numerous esteemed colleges and universities, or members of the working class whose offices are in the busy City Center District, where many top domestic and international companies conduct business.
The Midtown District is where many prospective tenants will be keeping an eye on in the years to come, as many rental properties are or will be undergoing construction, creating vast opportunities for property owners and management firms.
Property Management Companies Can Greatly Assist Dallas Property Owners
While the growing number of apartments in the city's Midtown District should appeal to investors, there are a considerable number of other high-demand areas for rental properties to keep an eye on.
Taking advantage of the popular rental market is something any current or potential property owner in the area should consider. However, you should also take into consideration employing the services of a property management company to take care of all the specific maintenance and everyday business to ensure your residence is run accordingly.
Dallas Rental Market at a Glance
Average Rent - 1 Bedroom, 2011: $727
Average Rent - 1 Bedroom, 2010: $715
Average Rent - 1 Bedroom, 2009: $723
Average Rent - 2 Bedroom, 2011: $982
Average Rent - 2 Bedroom, 2010: $925
Average Rent - 2 Bedroom, 2009: $957
Statistics courtesy of ApartmentRatings.com.
Finding Dallas Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
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