September 2024 Newsletter: A Steady Rental Market and Industry Shifts

Market Update: Continued Strong Demand

The rental market continues to thrive as we transition from summer to fall. In August alone, we rented 32 units, showcasing the sustained high demand for rental properties across our portfolio. Our vacancy rate remains low, and properties are moving quickly, keeping your investments profitable and productive.

• Strong Occupancy Rates: With a continued focus on maintaining and upgrading properties, we’re seeing high occupancy and quick turnover, ensuring minimal vacancy time for property owners.
• Rental Demand Outlook: As we move into the cooler months, demand remains steady, with prospective tenants still actively seeking well-maintained and conveniently located rental homes.

Transitioning Seasons: The Heat Is Cooling Off

After a summer of record-high temperatures, the weather is finally starting to cool down. This transition brings much-needed relief to both tenants and property owners as we see fewer HVAC service calls compared to previous months.

• Cooling Down: As temperatures ease, we’re seeing a decrease in heat-related maintenance requests, giving us the chance to catch up on routine property checks and ensure everything is in top condition for the fall season.
• Preparation for Cooler Weather: As we head into fall, now is a great time to think about preparing your properties for cooler weather—inspections, cleaning gutters, and ensuring heating systems are ready.

Industry Shifts: Property Management Changes in Redding

Recently, several property management companies in Redding have been bought and sold, causing some disruption in the local market. These transitions seem to be shaking things up, with many property owners facing service delays and inconsistencies during the handover periods.

• Service Issues: We’ve been hearing from property owners who are struggling with slower response times and reduced service quality during these transitions. At Authority Property Management, we remain committed to providing consistent, high-quality service and are here to offer support to property owners who may be feeling the impact of these industry changes.
• Our Commitment: As these market changes occur, we continue to stand by our promise to deliver reliable and responsive property management. With our experienced team and deep local knowledge, we’re well-equipped to handle any challenges and ensure your investments stay on track.

A Milestone to Celebrate: 500 Google Reviews

We’re incredibly grateful to all of you who have taken the time to leave us a five-star review! Thanks to your support, we’ve recently surpassed 500 Google Reviews, and we couldn’t be more proud. Your feedback helps us improve and continue delivering the top-notch service you expect. Want to leave us a review you can do so here.  Leave Us A Review!

Best of the North State: Your Vote Counts!

It’s that time of year again, and we’re honored to have been nominated for Best Property Management Company and Best Customer Service in the Best of the North State contest. We’re thrilled to be recognized for our efforts and would greatly appreciate your vote! Help us win these prestigious awards and continue providing exceptional service by casting your vote.

Thank you for your continued trust and support! Together, we can be the best in Redding! 

How to Vote:

• Vote every day from now to September 23!
• Click here to vote.
• Find us under Services, scroll down until you see Property Management Company and Customer Service category to cast your vote!

Wrap Up: Staying Steady Amid Change

As we move into the fall season, the rental market remains strong, and we’re dedicated to continuing our proactive, responsive service for property owners. Even as the local property management landscape shifts, Authority Property Management stands firm in our commitment to excellence. We’re excited for the months ahead and look forward to helping you navigate any challenges that may arise.

If you have any questions or concerns, don’t hesitate to reach out. Let’s continue making the most of your investments!

Best regards,

Authority Property Management