Top City Searches in Maine
Maine: The Pine Tree State
With 1,344,212 residents, Maine is the ninth-least populous state in the United States. Augusta functions as its capital city, while Portland remains its largest. Maine is known for its ravishing wilderness, majestic mountains, and scenic coastlines. Thanks to its location by the sea, it is also famous for its seafood, particularly lobster and clams.
Maine also has a vibrant arts and culture scene. There are countless museums in the state, such as the Maine Maritime Museum
, the Portland Museum of Art
, the Farnsworth Art Museum
, and the Maine State Museum
. Several performing arts companies, such as the Portland Symphony Orchestra
, the Portland Stage Company
, and the Maine State Ballet
, are also based here.
Additionally, Maine hosts a wide variety of festivals and events throughout the year. This includes the Maine Lobster Festival, the Yarmouth Clam Festival, the Great Falls Balloon Festival, and the North Atlantic Blues Festival. Maine also boasts an excellent education system. Colleges and universities located in the state include the University of Maine
, the Maine Maritime Academy
, Bowdoin College
, Colby College
, and Bates College
Other attractions in Maine include Acadia National Park
, the Portland Head Light
, Cadillac Mountain, Mount Katahdin, Baxter State Park
, the Bass Harbor Head Lighthouse
, and Coastal Maine Botanical Gardens
How Is Maine's Rental Market?
Real estate in Maine is on the expensive side, with the median sale price
for a home currently at $320,000. This represents a 16.4% year-over-year change even in the midst of a pandemic. Maine also has a sizable tenant pool, with 27.7% of its population being renters.
Image via towncharts.com
Rental property owners also stand to earn a good rental income in the Pine Tree State. In 2019, the median rent in Maine was $870. While this is not as high compared to other states, the rate has been steadily increasing since 2017.
Image via deptofnumbers.com
Additionally, Maine boasts a low vacancy rate. In 2019, the state vacancy rate was 4.95%, whereas the national vacancy rate was 5.97% in the same year.
Maine is also generally considered to be a landlord-friendly state. This is because the state currently has no rent control laws, and landlord-tenant laws aren't very strict.
Why You Need Maine Property Management Services
Anybody can see that Maine has an attractive rental market. With a large pool of renters, a low vacancy rate, and reasonable rental prices, it is easy to understand why property investors flock to Pine Tree State. However, a big problem many landlords face usually has to do with hands-on management.
This is where a Maine rental management company can step in to help.
A professional rental management company provides services that would make the lives of landlords much easier. While not all companies offer the same solutions, they generally include the following:
- Rental property advertising
- Tenant screening
- Rent collection
- Lease preparation and enforcement
- Property inspections
- Maintenance and repairs management
- Tenant retention and management
- Eviction proceedings
- Budget management
- Tax assistance
Find Property Management in Maine
If you are renting out your home in the state of Maine and are in search of a new property management company, you've come to the right place! Rental Choice is a great source to start your search. It is a user-friendly online directory
that helps you find and contact a Maine property management company to help you oversee your rental property.