Good News For Rental Property Owners, Vacancies Fall and Rents Are On The Rise.

The St. Louis area rental market is heating up. Landlords are seeing their lowest vacancy rate in years. Experts say that the recent housing slump and tight lending regulations have caused the majority of people to stay in rentals, versus buying a home.

Renters are finding tough competition when searching for a rental. Most landlords require an immediate deposit in order to hold the home, and they're getting it. "They do rent quickly," agrees Laura Kaspar, managing member of REI Liaison.

Rental homes are not just for investors anymore. Laura Kaspar says REI Liaison's owners are changing. They used to be investors buying up properties to rent out. Now they are homeowners who have to move on and can't sell their home in this market. These homes make for a better, nicer, and more expensive inventory.

Even though the home buying market is seeing somewhat of a recovery, landlords don't seem too concerned. As the job market has not recovered as quickly, and strict lending laws are keeping the renters where they are. Along with a growing younger generation that is none too quick to buy, after seeing home prices fall for the past six years.

All of this makes for the prime rental market. Contact REI Liaison Property Management today, let us show you how our services are "Tailored to Suit Your Needs."

About REI Liaison Property Management
We at REI Liaison are a full service residential Property Management and Leasing company. Our services are tailored to suit your needs. We have nine years of experience working in the industry which is why we have become the company of choice for our valued customers. We offer a range of solutions for our customers to choose from. Our staff of skilled professionals works with owners to ensure that they minimize risks and maximum return on investment.
View our website at http://www.reiliaison.com.

News source: PRWeb

Source:
Good News For Rental Property Owners, Vacancies Fall and Rents Are On The Rise.

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