Des Moines, IA: Hartford of the West
Des Moines has an estimated population of 214,133 residents. It is the most populous city in Iowa. Des Moines also serves as the capital city of Iowa and as the county seat of Polk County. It is known as the insurance capital of the United States, with major companies such as the Principal Financial Group and Nationwide Mutual Insurance Company operating within the city.
Des Moines also has a vibrant arts and culture scene, acting as the cultural hub of Iowa. Here, residents and visitors will find many museums and performing arts venues. Examples include the Des Moines Performing Arts, the Temple for Performing Arts, the Des Moines Playhouse, the Salisbury House and Gardens, and the Hoyt Sherman Place.
The city also hosts a number of events throughout the year. A lot of these events focus on food and beer as well as music and the arts. These include Des Moines Beer Week, Iowa’s Premier Beer, Wine & Food Show, World Food & Music Festival, Blue Ribbon Bacon Fest, ArtFest Midwest, 80/35 Music Festival, and Wild Rose Film Festival. Other attractions include the Iowa State Capitol, the State of Iowa Historical Museum, Terrace Hill, the Greater Des Moines Botanical Garden, and Blank Park Zoo.
The State of Des Moines’s Rental Market
The real estate market in Des Moines is fairly affordable, with home values 40% below the national median. In this city, the median listing price for a home is $137,500. Despite this, Des Moines still has a sizable renter population. In fact, 39.9% of the residents here rent their homes.
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This comes as no surprise considering rent is more affordable in Des Moines than in many other cities. In 2019, the median rent in this Iowa city was $940, while the national median was $1,097. Property investors, though, should see Des Moines as a lucrative investment since rent is steadily increasing year after year.
Image via deptofnumbers.com
On top of that, Des Moines also has a decent vacancy rate. In 2019, this city had a vacancy rate of 5.66%. Meanwhile, in the same year, the national vacancy rate was 5.97%. Iowa is also a fairly landlord-friendly state, with few rent control laws and shorter notice period requirements.
How a Des Moines Property Management Company Can Help
There are several rental properties in Des Moines, whether they are townhomes, apartments, condos, or single-family homes. As such, there is also a high demand for property managers. Landlords normally have insufficient time or expertise to manage their own rental properties. Meanwhile, other landlords lack interest, have too many properties to juggle, or live far away.
This is where a Des Moines rental management company can help. With professional assistance, landlords no longer need to shoulder the burden of their responsibilities. They can delegate most of their tasks to an experienced manager while still earning rental income. Here are just some of the services you can expect from a rental management company:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
Find the Best Property Management in Des Moines
Good rental management companies are hard to find, particularly if you don’t know where to look. Start your search easy using Rental Choice’s comprehensive online directory. We list reliable management companies that you can filter by city or state. What are you waiting for? Find a rental management company today!