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Montana: The Treasure State
Montana has an estimated population of 1,085,407, making it the seventh-least populous state in the nation. As one of the largest states by area, it is also the third least densely populated state. In addition to the Treasure State, Montana is also unofficially known as Big Sky Country and the Last Best Place.
Thanks to its natural attractions, Montana is a popular tourist destination. Residents and visitors alike love to participate in the many outdoor activities available in the state. This includes fishing, hunting, and skiing. Notable attractions include
Glacier National Park,
Yellowstone National Park,
Big Sky Resort, Avalanche Lake,
Lake McDonald, Flathead Lake, and
Beartooth Highway.
Montana also has a thriving arts and culture scene, with points of interest such as the
C. M. Russell Museum Complex and the
Museum of the Rockies. The state also hosts a number of festivals and events, including the Crow Fair and Rodeo, the North American Indian Days, and the Montana Shakespeare in the Parks.
The
University of Montana,
Montana State University, and
Carroll College are some of the colleges and universities located here. Other attractions include the
Little Bighorn Battlefield National Monument,
Going-to-the-Sun Road, Grinnell Glacier,
Whitefish Mountain Resort, and the
Bridger Bowl Ski Area.
How Is Montana's Rental Market?
The housing market in Montana is currently flourishing. Home prices have been on the rise since before the pandemic, though it went through
an even greater boom during. In Missoula alone, the median sale price for a home rose to $403,450, representing a 20.5% change from the year prior. Bozeman saw a 25% increase to $679,900, while Whitefish saw a 41% increase to $632,000.
More and more people are moving to (or moving back to) Montana. With the increase in population, landlords and property investors stand to earn a lot of money. In fact, renters make up 31.9% of the state's population. Rent has also been climbing upwards since 2016, with the median rent in 2019 at $831.
Image via towncharts.com
Image via deptofnumbers.com
To top it all off, Montana is known as a landlord-friendly state. Limited restrictions on evictions and the lack of statewide rent control laws make the Treasure State a favorable environment for landlords.
Why You Need Montana Property Management Services
Anybody can see that Montana has an attractive rental market. With a large pool of renters, a low vacancy rate, and reasonable rental prices, it is easy to understand why property investors flock to the Treasure State. However, a big problem many landlords face usually has to do with hands-on management.
This is where a Montana rental management company can step in to help.
A professional management company provides services that would make the lives of landlords much easier. While not all companies offer the same solutions, they generally include the following:
- Rental property advertising
- Tenant screening
- Rent collection
- Lease preparation and enforcement
- Property inspections
- Maintenance and repairs management
- Tenant retention and management
- Eviction proceedings
- Budget management
- Tax assistance
Find Property Management in Montana
If you are renting out your home in the state of Montana and are in search of a new management company, you've come to the right place! Rental Choice is a great source to start your search. It is a user-friendly online directory that helps you find and contact a Montana property management company to help you oversee your rental property.
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