|Specialty||# of Agencies|
|Single House or Condo||3|
|Home Owners Association||2|
|Total Local Companies||5|
The average rent for a 3 bedroom house in El Paso, TX is $1,151.00. 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.
El Paso, TX Rental Market Overview
Cool Trends along the Border
Rental property owners and investors in El Paso Texas know that they're playing for keeps in one of the toughest real estate markets in the United States. While El Paso properties remained resilient throughout the 2008 market crisis, over the last five years home values steadily declined as rental property vacancies increased. Online real estate resources like Zillow and Trulia predict that El Paso home values will continue to drop in the near term, and increased development will compound the challenges faced by property owners seeking tenants to fill growing vacancies.
Know How to Maximize Your Marketing Efforts
There are a variety of ways to ride out challenging times and some strategies are clearly more expensive than others. It's less of a concern for large rental development companies that manage diversified property assets in profitable markets outside of the El Paso area. The reality is that most small and independent property owners don't enjoy the luxuries of diversified assets in multiple markets. That's where property management services can make difference, especially when it comes to presenting, showing and marketing vacant single homes and multi-unit complexes. Many property management companies have real estate professionals who understand and have access to important marketing tools like Multiple Listing Services (MLS) and property staging resources. Most property managers track regional trends and specific strategies applied by larger or more successful developers to fill vacant rental units. Will these same strategies work for you? That often depends on specific details related to your rental properties, but property management companies often customize their strategies around their individual clients, taking advantage of location, presentation and other unique factors to create optimal marketing exposure. To learn more, check out the property management company profiles for these El Paso companies and ask for your free instant quote today.