Oklahoma City, OK: The 405
With an estimated 681,054 residents, Oklahoma City is the most populous city in Oklahoma. It also serves as the state capital and as the county seat of Oklahoma County. Often referred to as simply OKC, Oklahoma City is home to numerous institutions of higher education. These include the University of Oklahoma, the University of Central Oklahoma, Oklahoma State University-Oklahoma City, Langston University, Oklahoma City University, and Oklahoma City Community College.
Additionally, OKC boasts a vibrant arts and culture scene. Notable attractions include the Oklahoma City Museum of Art, the Civic Center Music Hall, the Science Museum Oklahoma, the Oklahoma History Center, and the Oklahoma Contemporary Arts Center. Residents and visitors also enjoy outdoor destinations such as the Myriad Botanical Gardens, the Oklahoma City Zoo, Will Rogers Park, and the Oklahoma River.
Sports also play a major role in the culture of Oklahoma City. In fact, the city is home to the Oklahoma City Thunder of the NBA. Other notable points of interest in OKC include the National Cowboy & Western Heritage Museum, the Oklahoma City National Memorial & Museum, the Museum of Osteology, the American Banjo Museum, and the Oklahoma State Capitol.
The State of Oklahoma City’s Rental Market
Oklahoma City is a good place to invest in rental property. The median listing price for a home in this city is $235,000, though some homes can go for as high as $9.8 million. OKC also boasts a sizable renter pool. In fact, renters make up 41% of the city’s population.
Image via townchartss.com
Rent in Oklahoma City, though, is not that high compared to other cities. The average rent for an apartment here is $874. While this already represents a 10% year-over-year change, it is still lower than the national average. A bulk of apartments also fall between the $701 to $1,000 rental range. This may be appealing to renters, but not so much when it comes to landlords.
Image via rentcafe.com
However, the good news is that Oklahoma City has fairly affordable homes. Additionally, Oklahoma is generally a landlord-friendly state. This means its landlord-tenant laws typically favor the rental property owner.
How an Oklahoma City Property Management Company Can Help
There are many rental properties in Oklahoma City, whether they come in the form of single-family homes, townhomes, condos, or apartments. As such, the demand for property managers here is quite high. Landlords typically don’t have time to manage their own rental properties or simply lack the expertise required for it. Others live too far from their rentals or just dislike managing them.
This is where an Oklahoma City rental management company can help. With professional assistance, rental property owners won’t need to carry the burden of their landlord duties anymore. They can pass on most of the work to a property manager and basically leave it on auto-pilot while simultaneously earning rental income. Below are just some of the services property management companies offer:
- 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 Oklahoma City?
There are many property management companies in Oklahoma City alone. Finding the one that suits your needs just right can be a hassle if you don’t know where to start. Use Rental Choice’s comprehensive online directory today. We list reliable property management companies that you can search by area.