Little Rock, AR: The Rock
With 202,591 residents, Little Rock is the most populous city in Arkansas. It serves as the state capital and the county seat of Pulaski County. In Little Rock, residents enjoy many outdoor activities such as boating and hiking. There are also several parks located within city limits, perfect for lazy Sunday afternoons.
When it comes to arts and culture, Little Rock does not disappoint. The city is home to the Arkansas Museum of Fine Arts, the Arkansas Arts Center, the Robinson Center Music Hall, the Museum of Discovery, the Old State House Museum, the Mosaic Templars Cultural Center, and the Historic Arkansas Museum. Performing arts companies located in the city include the Arkansas Symphony Orchestra and the Arkansas Repertory Theatre.
There are also a number of colleges and universities in Little Rock. The University of Arkansas at Little Rock, the University of Arkansas for Medical Sciences, and Arkansas Baptist College are some that come to mind. Other attractions include the Arkansas Arboretum, the William J. Clinton Library and Museum, Little Rock Central High School National Historic Site, Little Rock Zoo, and Pinnacle Mountain State Park.
How Is Little Rock’s Rental Market?
The median listing price for a home in Little Rock is $225,000, making for a fairly average real estate market. There are many renters in this Arkansas city, though not as many as there are homeowners. Renters make up 44.7% of the city’s population. With moderately affordable homes and a large pool of renters, Little Rock is definitely a popular choice among property investors.
Image via towncharts.com
Landlords also have a chance to earn decent returns in Little Rock. The average rent here is $896. While this is below the national average rent, it still represents a 9% year-over-year change for the city. A large chunk of apartments commands a rental price between $701 and $1,000, though a sizable percentage also falls between the $1,001 to $1,500 range.
Image via rentcafe.com
Beyond that, Arkansas is a very favorable state for landlords. Out of all 50 states, it is the only one where landlords are not required to provide tenants with a habitable dwelling. Landlords don’t need to perform repairs unless the lease agreement says otherwise. Additionally, tenants can’t withhold rent under any circumstances. As such, Arkansas is widely considered by many as the most landlord-friendly state.
How a Little Rock Property Management Company Can Help
Considering the state of its rental market, Little Rock unsurprisingly draws in many property investors. Whether property investments are your thing or you simply have an extra apartment in the city, rental management is something you will inevitably need to tackle. Most people have a hard time managing rental properties, though, which is where a Little Rock rental management company comes in.
A professional management company can help landlords with all their needs. Companies have the resources and connections needed to make the entire process smoother. Although services can vary from company to company, they generally encompass 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
Looking for Property Management in Little Rock?
Little Rock is home to a number of property management companies. The difficult part is trying to find the one that best matches your needs and price point. Streamline your search process today with the help of Rental Choice. Browse our online directory of property management companies by city or state.