October 2024 newsletter

Welcome to our October 2024 rental market update! As we head deeper into fall, we’re excited to share some important milestones and insights that reflect the continued strength of the rental market and our dedication to property management excellence.

Best of the North State: Top 3 Recognition!

We are thrilled to announce that Authority Property Management has made it into the Top 3 for Best Property Management Company and Best Customer Service in the Best of the North State contest! 🎉 A huge thank you to everyone who voted and supported us throughout the process. We’ll be finding out if we’ve taken the top spot soon, so stay tuned for the results! This recognition wouldn’t have been possible without the trust and confidence of our amazing clients.

A Growing Community: Nearing 550 Google Reviews!

We’re beyond grateful for everyone who has taken the time to leave us a review. Thanks to your continued support, we’re now approaching 550 Google Reviews! Each review helps us grow, improve, and continue delivering the exceptional service you’ve come to expect. Your feedback means the world to us and helps other property owners and tenants make informed decisions. If you haven’t left a review yet, feel free to share your experience with us!

Google reviews are incredibly important—not just for us, but for potential renters too. They provide valuable insight and help renters feel more confident choosing Authority Property Management for their next home. The more positive feedback we receive, the quicker we’re able to rent out your properties, ensuring your investment stays profitable and secure. Your reviews make a real difference!

Market Update: Strong Demand Continues

The rental market remains as strong as ever. In August, we rented 32 units, and demand has stayed consistent as we’ve moved into fall. With a continued focus on maintaining and upgrading our properties, we’re seeing minimal vacancy time and sustained interest from potential tenants.

• Occupancy Trends: Properties are turning over quickly, and our vacancy rate remains lower than the county average, ensuring owners see a steady stream of income.
• Rental Demand Outlook: Even as the weather cools, demand remains strong. Prospective tenants continue to seek well-maintained, conveniently located rental properties.

Cooling Temperatures: Preparing for the Colder Months

As the weather turns cooler, it’s time to prepare your properties for the colder days ahead. In Redding, we’re expecting the temperatures to drop significantly, with chilly nights becoming the norm.

• Future Forecasts: Cooler days and colder nights are expected as we move further into October, with potential rain and even some frost in the coming weeks. Now’s the time to ensure that heating systems are ready, gutters are clear, and properties are prepared for the seasonal shift.
• Maintenance Tips: Regular inspections of heating systems, sealing windows and doors, and cleaning out gutters will help keep your property in top condition during the colder months.

Industry Update: Changes in Local Property Management Companies

In recent months, several property management companies in Redding have changed hands, causing some instability in the market. As a result, some property owners have encountered delays and service issues with their management transitions.

• Service Disruptions: Many property owners are reporting slower response times and inconsistent service as these companies adjust to new ownership.
• Our Commitment: At Authority Property Management, we remain focused on providing responsive, reliable service. Our experienced team is here to support you and ensure your properties are managed smoothly, even as the local industry experiences these shifts.

Wrap Up: A Season of Gratitude

As we transition into the colder months, we want to take a moment to express our gratitude to all our clients, tenants, and partners. From being recognized in the Best of the North State to nearing 550 Google Reviews, we couldn’t have achieved these milestones without your trust and support. We look forward to continuing to provide you with the highest level of service, and we’re excited for what’s to come in the final months of 2024!