Lincoln, NE: Star City
With an estimated 289,102 residents, Lincoln is the second-most populous city in Nebraska. It also acts as the state capital and as the seat of Lancaster County. The city is known for its extensive park system and many options for outdoor recreation. There are more than 130 parks in the city as well as several bike lanes and trails.
Lincoln also has a burgeoning arts and culture scene. Notable locations include the Lied Center, the Sheldon Museum of Art, the Noyes Art Gallery, Zoo Bar, and the Pinnacle Bank Arena. The city also hosts several events throughout the year, including the International Thespian Festival, Celebrate Lincoln, and Boo at the Zoo. There are also a number of farmers markets spread across the city.
Colleges and universities located in Lincoln include the University of Nebraska-Lincoln, Nebraska Wesleyan University, and Southeast Community College. Other notable attractions include the Sunken Gardens, the Lincoln Children’s Zoo, the Mueller Planetarium, Pioneers Park Nature Center, the Nebraska State Capitol, the International Quilt Museum, and the Speedway Motors Museum of American Speed.
How Is Lincoln’s Rental Market?
In Lincoln, home prices can range from $23,000 to $2.8 million, with a median listing price of $239,900. The city also has a fairly large renter population. In fact, 43% of the city’s residents are renters. With relatively affordable homes and a wide pool of renters, Lincoln is definitely a popular choice among property investors.
Image via towncharts.com
Landlords also stand to earn a decent living from renting out property. The average rent in Lincoln is $1,052, which is only slightly below the national average. Rent also went up by 6% from the preceding year. To break it down even further, 37% of apartments in Lincoln charge between $1,001 and $1,500 in rent, and 8% command a rate higher than $1,500.
Image via rentcafe.com
Lincoln also boasts a good occupancy rate. In 2019, the vacancy rate in this Nebraska city was 3.21%, which was below the national vacancy rate of 5.97%. This means you won’t have a hard time finding tenants to rent your property.
To top it all off, Nebraska is fairly landlord-friendly. There is no limit on fees landlords can charge. Moreover, the state currently has no rent control laws.
How a Lincoln Property Management Company Can Help
It is clear that Lincoln’s rental market makes it attractive to property investors. However, capital is not the only thing you need when it comes to rental management. You must also fulfill the duties of a landlord, which can be hard to juggle when you don’t have enough time or expertise. This is why most landlords choose to hire a Lincoln rental management company.
With help from an experienced professional, you can breathe a sigh of relief knowing your rental property is in good hands. You will no longer need to worry about late rent, evictions, and bad tenants. All of that can be managed by a professional company.
What can a rental property management company in Lincoln do for you?
- 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
Start Looking for Property Management in Lincoln
Searching for the right rental management company can be a frustrating process. There are too many companies offering the same service that it can be hard to narrow down your options. It is simply overwhelming at times.
Rental Choice provides landlords and property investors with a convenient database of trusted rental management companies. Using our online directory, you can search for companies by location and get their much-needed contact information without any hassle.