The 2022 housing market in the Santa Clarita Valley has continued to experience a dramatic change in value, price and inventory. Rental rates are increasing in all classes of properties specifically condos, townhomes & 3 and 4 Bedroom homes.units (prior to 2000) are also seeing dramatic increases in rental pricing. 2 bedroom condos are now going from about $2500 to $2800 a month with an equivalant amount for a security deposit. Detached homes of 3 bedrooms are between $2800 and $3500. Top areas for renting bring even higher numbers. Top areas of demand are Stevenson Ranch, Westridge, Valencia, North Valencia, certain sections of Newhall and Tesoro.
The benefits of renting with a professional property management company as opposed to renting a property yourself go without saying. There are more and more laws to be concerned with as well as renters that misrepresent their credit, rental history, etc. Professional property management comes at a cost but offers protection that you absolutely need in todays changing Real Estate market.
Please call Bob Whitney of Whitney & Associates for a comparative value analysis of your home. I am the owner of the business and also the property manager. I handle, on average, no more than 30 homes. When an owner or tenant call they get the owner of the business not an assistant or a property manager in training.
My Fee is 8% of the Gross Lease amount plus a one time $395 charge for advertising, promotion, marketing and web site placement. Charges for repairs are not marked up. There is no Whitney Maintainance business. All repairs are completed with a copy of the vendor invoice sent to you , the owner. Small repairs ( under $50.00 ) are not billed to you. My 8% includes those charges. I have 2 handymen on call that handle most of the repairs that are needed however I have licensed tradespeople in all trades to cover most big repair needs. Most of the trades people are personal friends of mine or I have used to work on my own home.
There is no magic bullet for renting a home. 90 % of a successful rental program depends upon getting the right tenant. As an experienced property manager and owner of my own rentals I use the same criteria to place tenants in your home as I do mine. Thorough tenant background investigation is done which includes credit checks (FICO scores), employment history,residential history, skip trace, bankruptcy and several other methods. You can never do enough research when putting someone in your home that you don't know.
If a property is priced right and in very good shape it should take normally no more than 30 to 45 days to rent. Sometimes sooner and in some cases (in the winter) November - February longer. The best months to rent (most demand) are mid April to the end of July.
Please call me for a Rental estimate @661-204-1999 or for any questions you may have on renting your property.
Thank you.
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