|Specialty||# of Agencies|
|Single House or Condo||12|
|Home Owners Association||7|
|Total Local Companies||21|
The average rent for a 3 bedroom house in San Antonio, TX is $1,189.00. 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.
San Antonio, TX Rental Market Overview
Employment Growth Spur San Antonio Rental Unit Construction
According to Forbes Magazine, more than 24 Fortune 500 companies are headquartered in Houston. Only New York City plays host to more corporate headquarters in the United States. Gas and oil companies are the most commonly associated with Space City, but recent corporate activities have bolstered Houston's leisure and hospitality sector, driving up hotel, retail and restaurant revenue and employment. Because many hospitality occupations fall outside the earnings scale essential for home ownership, the growth in this sector increased apartment demand according to the 2013 Marcus & Millichap National Apartment Report (NAR), and more than 4,000 additional apartment units were brought online last year.
New Completions Foster Fresh Competition among Property Owners
Houston's Far West suburb received the largest increase of new apartments in 2013, and while surging demand from new arrivals should offset some of the surplus, the NAR predicts that Houston's vacancy rate will remain near 6%, which is above the national average. As a result Marcus & Millichap rated the Houston rental market 24 out of 44. Even if you're a property owner with assets beyond Far West, it's likely that you might feel the effects of the apartment unit surplus through slow marketing results--or even existing tenants leaving to seek cheaper and newer accommodations elsewhere in Houston. How can you make the most of a buyer's market? Sometimes the best solutions arrive in the form of fresh opinions and perspectives. That's why a number of small and independent property owners consult with Houston property management companies. Local property managers are usually well versed in real estate and understand the most effective marketing channels for rental properties. They can also assess and explain what your competition is doing to attract new tenants. Houston property management companies also offer a range of services that extend beyond marketing, including maintenance, lease enforcement, fiscal report filings and legal research. Find out what a Houston property manager can do for you. Review the company profiles on these pages and request your free information today.