Fresno, CA: Land of Ash Trees
With an estimated 542,107 residents, Fresno is the fifth-most populous city in California. It also acts as the county seat of Fresno County. It earned its name, Fresno, which is Spanish for “ash tree,” thanks to the many ash trees that line the San Joaquin River. Colleges and universities located in the city include California State University, Fresno, DeVry University, and Alliant International University.
In terms of arts and culture, Fresno does not disappoint. The city is home to many museums, performing arts companies, and theaters. Some of the most notable ones include the Azteca Theater, Tower Theatre, Warnors Theatre, the Fresno Art Museum, and the Fresno Chaffee Zoo. The city also hosts a number of events such as the Big Fresno Fair, Valley DevFest, and the Ani-Me Con.
What Is Fresno’s Rental Market Like?
The real estate market in Fresno is relatively affordable. Home prices are only 5% above the national median, with the median listing price being $239,800. In addition to affordable properties, Fresno is also attractive to property investors because of its high renter population. In fact, 53.3% of the city’s residents rent their homes.
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Fresno also offers great returns to landlords. The average rent in this California city is $1,354, which is well above the national average. Moreover, a large chunk of apartments in Fresno command a high rental rate — somewhere between the $1,001 to $2,000 range. On top of that, 8% of apartments charge a rate above $2,000.
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How a Fresno Property Management Company Can Help
The rental market in Fresno is clearly favorable to property investors. However, it takes more than just capital to become a successful landlord. There are several variables at play, and you must have a good grasp of the landlord-tenant laws in California to operate legally. When it comes down to it, being a landlord takes up a lot of time, energy, and resources.
A Fresno rental management company, though, can help you with all of it. A rental management company can handle the entire tenancy process from start to finish. Although services can change depending on the company you hire, they generally include the following:
- 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
In Search of Property Management in Fresno?
Fresno has an abundance of rental management companies. Finding the one that matches your exact needs and budget can be troublesome if you don’t know where to begin. Use Rental Choice’s comprehensive online directory today. We list reliable property management companies that you can filter by city or state.