Bridgeport, CT: The Park City
Located in Fairfield County, Bridgeport has an estimated population of 148,654 residents. It is the largest city in Connecticut. Bridgeport is known as a historic seaport city with many districts bearing historical significance. These include the Black Rock Harbor Historic District and the Marina Park Historic District.
Bridgeport also has a thriving arts and culture scene. Performing arts venues in the city include the Klein Memorial Auditorium, the Stress Factory, and the Downtown Cabaret Theatre. There are also several museums in the area such as the Barnum Museum and the Discovery Museum and Planetarium. Beyond that, Bridgeport hosts a number of events like the Barnum Festival Great Street Parade and the Annual Bridgeport Arts Fest.
Additionally, Bridgeport has a vast collection of public parks, earning it the nickname “The Park City.” Notable parks include Beechwood Park, Seaside Park, Pleasure Beach, and Beardsley Park. The city is also home to colleges and universities such as the University of Bridgeport and Housatonic Community College. Other points of interest include the AMFAB Art Building, Tongue Point Light, Steelpointe Harbor, and Fayerweather Island.
What Is Bridgeport’s Rental Market Like?
Although Connecticut has widely been known to have an expensive housing market, Bridgeport stands out. The median listing price for a home in this city is $169,600, which is 26% below the national median. Bridgeport also has a higher concentration of renters compared to other Connecticut cities. In fact, 58.2% of the population are renters.
Image via towncharts.com
Rent, though, is on the pricier side. The median rent on a national level was $1,097 in 2019. In the same year, Bridgeport had a median rent of $1,521, up from the year prior. This is also notably higher than the median rent in Connecticut as a whole, which was at $1,177 that year.
Image via deptofnumbers.com
Bridgeport attracts many rental property investors mainly due to the large renter population and the high rent. Landlords stand to gain a lot from the city’s rental market. However, it is worth mentioning that the laws in Connecticut benefit tenants more than they do landlords.
Why Go With a Bridgeport Property Management Company?
Landlords need to juggle a multitude of tasks to ensure the success of their rental property. More often than not, though, landlords don’t have enough time to manage their rentals. They also typically lack experience in rental management. Meanwhile, others either live far from their rental properties or are simply uninterested in the daily management of rentals.
This is where a Bridgeport rental management company can help. A professional manager can facilitate the smooth operations of rental units and homes. Management companies ease the burden often shouldered by landlords. Some of the services you can expect from a rental management company include:
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Find Excellent Property Management in Bridgeport
There are many landlords looking for professional help in Bridgeport. If you are one of them, Rental Choice is the place to start. Using our online directory, you can search for the best property management companies in the location of your choice. You can also click on each company to learn more about what they offer and how you can get in touch with them. Begin browsing today!