2019 Apartment Outlook
Do you own apartments in California and want to know what you can expect for the remainder of 2019? In this residential management apartment outlook blog post we will provide you with more information about what you can expect from the apartment market this year.
What to Expect In 2019
So far, 2019 is shaping up to be another big year for apartments in California and other states. Apartments are still in high demand, especially newer apartment buildings that offer more features and amenities.
Thanks to recent data from CBRE we know that markets like Los Angeles are absorbing new apartment supply easier than in years past and last year apartment absorption was at its highest since the 1990s.
Most investors also still prefer to own apartments vs. single family properties. Data from the most recent National Real Estate Investor survey has shown that over 40 percent of investors in the United States are planning on investing in apartments versus other types of properties.
Investing in apartments makes sense for every investor because when you have more doors, you have the chance to earn more income per rental, so it’s easy to see why investors want to purchase apartments when they get the chance.
Save Time Managing Your Apartments with Los Angeles Property Management
If you plan on investing in more apartment deals nationwide, apartments are still an excellent investment vehicle that can generate a lot of income but the key to success every investor should focus on is hiring a property management company to manage their investment properties for them.
With property management, investors can save themselves the time, money and hassle of managing their own properties plus they can have confidence that rent will be collected in a timely manner each month.
To learn more about the property management services we can offer you contact us today by calling (800) 294-4656 or connect with us online.