(Newswire.net — January 8, 2015) Edina, MN — In 2015, the rental market has the potential to improve from where it was in previous years. Due to a higher demand and a stronger economic climate, more people are seeking new residences within Minnesota. In evaluating and assessing the current climate for residents of Minneapolis, St Paul, and the surrounding metro area, Simply Residential Property Management evaluated multiple criteria in order to narrow the field to identify the main reasons for renting a home or apartment in 2015. The full list of items along with the selection criteria can be found on the company website www.simplyres.com …
Among the highest ranking factors for renting in 2015 are:
#1 More Individual Freedom – People planning to make a move from Minneapolis to one of the surrounding areas who have been looking for a change of scenery should notice a better selection of available rentals this year. The Twin Cities have many wonderful places in the area that people can be a part of if they consider a new location to live.
#2 Protecting Your Assets – It is a sad truth, but people in the Minneapolis and St Paul lose their homes because they can’t afford their mortgage and don’t think that by moving to a smaller location will help. There are many resources available to protect homeowners that are available and in many cases before a short sale or foreclosure happens, finding a property manager to rent a home under water and move a struggling homeowner into a smaller less expensive location can make the difference between losing a home and keeping it.
#3 Keeping Up With Maintenance – The advantages of home ownership are great for many. However, if you need more space or are downsizing and want to hold on to your investment, maintaining the home you own may be costly over time if you do everything yourself or prolong repairs. Having a property manager that keeps in touch with renters provides opportunities to fix problems as they happen instead of all at once. One of the biggest expenses in owning a home other than a mortgage are maintenance costs.
When discussing the reasons for creating the list to asses the rental market Ron H. the lead property manager at Simply Residential Property Management said, “It is a great honor to serve as a property manager in Minneapolis. Providing excellent service and helping people get into homes is why I became a Realtor. I am always excited to talk to new people about the real estate market and share my experience. This is a great time to talk about what options are available, and consider a change.”
While there are many exciting real estate opportunities to consider in 2015, homeowners looking to rent their home and/or renters seeking a home to rent may reach Simply Residential Property Management at the following: