Authority Property Management Monthly Newsletter - October 2023

Authority Property Management October Newsletter 🍁🏡

Hello, esteemed property owners and Happy Halloween!

October has painted Redding with its beautiful autumn hues, and we’re thrilled to usher in another month of updates, insights, and achievements from Authority Property Management. Let’s dive into the vibrant tapestry of September and look ahead to what October holds for us.

September by Numbers: Performance Snapshot 📊

Vacancy Rate: We’re excited to share that our portfolio boasted a vacancy rate of just 6% in September. Your trust and our dedication have borne fruit, and projections for October look even more promising at 5.5%!

Applications and Rentals: September was buzzing at our desks, with a whopping 140 applications processed. This fervor culminated in successfully renting out 31 properties. Your properties, matched with the right tenants, are our success stories.

October's Gentle Pace 🍂🐌

As the embers of summer fade, October brings with it a subtle slowdown. It's a rhythm we're familiar with, an ebb and flow that’s intrinsic to the property world as seasons change. But rest assured, our commitment remains unwavering, ensuring each property is cared for and every opportunity is maximized.

Shift in the Short-term Rental Landscape

A noteworthy trend we've observed lately pertains to the short-term rental market. Platforms like Vrbo and Airbnb, as well as rentals targeting traveling professionals like nurses, are experiencing a decline. Over the past three months, this shift has been quite palpable. Recognizing the challenges posed by low vacancies and decreased bookings, we've taken proactive steps to aid property owners. We're proud to share that we've successfully converted five of these short-term, furnished rentals into long-term unfurnished tenancies. This not only ensures consistent revenue for our property owners but also reaffirms our adaptability and commitment to meeting market dynamics head-on.

Recognition on the Horizon: Best of the North State 🌟

We've got some exhilarating news! Authority Property Management has been shortlisted among the top three contenders in the 'Best of the North State' community contest. It’s a testament to our joint efforts and the incredible community we serve. The final announcement is slated for December 17th. Fingers crossed, and a heartfelt thank you for being a part of this journey with us and all of your votes!

In Conclusion 🌆

As October unfurls, with its crisp mornings and golden afternoons, we want to extend our gratitude. Your faith in Authority Property Management fuels our drive, pushing us to deliver nothing but the best. Here's to more milestones, more success stories, and an October filled with achievements.

Should you have any queries or need assistance, remember, we're just a call away. 📞

Warm wishes,

Aaron & Joline Robertson