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Why Rental Properties are Popular among Millenials

Renting is becoming the above average preference, especially among millennials, or those between the ages of 18 and 35. Recently, a thousand renters in this age bracket were surveyed to find out why renting is the lifestyle of choice for them. When you put your head inside the head of a renter it will give you some insight on how to invest property in Coeur d’Alene and keep your renters happy and promote longevity with renters.

Not So Handyman Gets Maintenance Help

One of the great reason to rent renting a home over purchasing for millenials is the ability to call maintenance. Generally the average millenial does not have the set of skills for handyman maintenance prepares because they haven’t had the need to. When you don’t have the skills to fix problems around the house, constantly calling someone to come do the work for you can get very expensive. Renters revealed that they felt less pressure about fixing serious repairs on things like furnaces, appliances, and water heaters when they could call someone to handle it for them. It is simply easier to make a phone call and let your Real Property Management Coeur d’Alene company take care of the problems. Specialized RPM has the resources for group discounts for maintenance supplies and equipment, creating a win/win situation for tenants and property owners when a repair is needed.  Also with their wealth of experience handling these matters your mind is at easy knowing that it will be done in the most cost and time efficient way imaginable.  Also since property manager conduct regular inspections, potential problems can easily be available so the problem does not hit at bad timing or when you need it the most, like a furnace in Coeur d’Alene winters. 

Freedom

Many of the renters who were surveyed indicated that millenials did not foresee them commitment to home ownership at that time, even though most did not grow up in a rental situation. Renting means less commitment where you have to stay for a long period of time. Real Property Management Coeur d’Alene can decide lease options for people in these situations, with an average lease from 6-9 months. With fluctuating job markets and globalization, renters don’t have to worry about relocation as much if they are renting – they can just pack up and go. Job changes, relationship struggles, financial worry, and even neighborhoods can all determine that a person needs to move, but specifically of the age bracket of 18-35 this is more important. Renting gives that freedom and with that freedom comes peace of mind.

Money and Convenience

One of the top reasons given by millenials for choosing to rent over signing a mortgage is the cost. Even though renters know they aren’t building equity with property ownership, renting can be less expensive than a monthly mortgage payment, and when finances are tight that is the deciding factor.

Coeur d’Alene property managers can be assured that renter demands are increasing not decreasing, and increasing with the needs of millenials and the next generation. People are always going to be looking for that perfect home in just the right neighborhood where they can put down some roots at least for a while. Investment rental property owners are there to fufill that need and create a happy home for the ever changing needs and market of rental properties.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.