Lubbock, TX: Hub City
Lubbock has a population of 258,870 residents, making it the 11th-most populous city in Texas. It also acts as the county seat of Lubbock County. Lubbock is home to several historic landmarks, including the Cactus Theater, the Carlock Building, the Kress Building, the Texas Technological College Historic District, and Lubbock High School.
Lubbock is also home to a thriving music scene. It is the birthplace of rock legend Buddy Holly, who also makes an appearance on the West Texas Walk of Fame. The city also houses the Lubbock Symphony Orchestra, which regularly performs at the Lubbock Memorial Civic Theatre. Other than that, the city hosts a number of events, such as an Independence Day festival, the South Plains Fair, and the National Cowboy Symposium and Celebration.
Colleges and universities located in Lubbock include Texas Tech University, Lubbock Christian University, Wayland Baptist University, South Plains College, and Kaplan College. Other notable attractions include Silent Wings Museum, the Science Spectrum, the National Ranching Heritage Center, Mackenzie Park, the Buddy Holly Center, and the American Windmill Museum.
How Is Lubbock’s Rental Market?
Lubbock has an appealing rental market. The median listing price for a home in this city is $219,900, though they can go for as high as $4.5 million. Out of Lubbock’s population, 48.8% are renters. This makes it fairly easy for rental property owners to find potential tenants in the city.
Image via towncharts.com
Rent in Lubbock also allows landlords to earn a decent living. The median rent in 2019 was $959. Although this was lower than both the national and state median, it still represents an increase in median rent from the previous year. In fact, rent in Lubbock has been crawling upwards since 2017.
Image via deptofnumbers.com
Furthermore, Texas is a very landlord-friendly state. Its laws serve to protect the rights of property owners when tenants violate the lease terms. The state also lets landlords and tenants negotiate their own conditions when it comes to repairs. All this and more make Lubbock favorable to rental property owners.
How a Lubbock Property Management Company Can Help
Lubbock is rife with rental properties owned by landlords who don’t always have a knack for management. Rental property management takes time and experience. The best way landlords can ensure success is to outsource the job to a Lubbock rental management company.
What can a property management company 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
Find the Best Property Management in Lubbock
The search for the right rental management company begins with a single step. Take that step today using Rental Choice’s comprehensive online directory. Browse our database according to city or state to find the best management company that suits your needs and budget!