Top City Searches in Mississippi
Mississippi: The Magnolia State
There is an estimated 2,963,914 residents living in Mississippi today. Jackson serves as the state's capital and most populous city. Mississippi is known for its gambling towns, which has brought on increased revenue and tourism to the state.
The Magnolia State is also famous for its diverse population, low cost of living, and a thriving arts and culture scene. Music and literature, in particular, are two areas of the arts that take the spotlight in this state. Mississippi also hosts the Magnolia Independent Film Festival as well as the USA International Ballet Competition. It is also home to Ballet Mississippi
, Opera Mississippi
, and the Mississippi Symphony Orchestra
The University of Mississippi
, Mississippi State University
, Alcorn State University
, and Mississippi College
are some of the colleges and universities located in the state. Other attractions include the Davis Bayou Area Gulf Island National Seashore
, the Vicksburg National Military Park
, the Elvis Presley Birthplace
, the Mississippi Museum of Art
, the Biloxi Lighthouse
, Tishomingo State Park
, and the Ohr-O'Keefe Museum of Art
How Is Mississippi's Rental Market?
Mississippi has a growing rental market. There are relatively more affordable homes here, with a median sale price
of $236,500. This represents a 12.6% year-over-year change. There are also many renters in Mississippi. In fact, 31.8% of its population rents their homes.
Image via towncharts.com
As for the price of rent, the median monthly rent in 2019 in the Magnolia State was $777. This is comparatively cheaper than many other states as well as the national median. And while the median rent experienced a slight dip from 2018, it is still higher than the years before that.
Image via deptofnumbers.com
It is worth noting, though, that Mississippi has a high vacancy rate. The vacancy rate in the state in 2019 was 10.67%. In comparison, the national vacancy rate at the time was 5.97%.
Fortunately for landlords, Mississippi is also widely recognized as a landlord-friendly state. The laws here give landlords more power when it comes to evictions and lease terms.
Why Hire a Mississippi Property Management Company?
Clearly, there is a lot of potential for rental profit in Mississippi, which is why investors flock to this state. But, managing a rental property is not all smooth sailing. Landlords are bound to encounter some hardships along the way, especially if they don't have time or experience in property management. Plus, there are so many laws to keep up with.
This is why most landlords often need a Mississippi rental management company.
When you hire a property management company, you can say goodbye to long hours of work and incessant calls from your tenants. A property manager can do all of the things a landlord is supposed to do. It is essentially like leaving your rental property on autopilot, allowing you to sit back and reap the benefits.
What can a property management company do for you?
- Market your property online and offline
- Show the property to interested parties
- Screen and guide tenants through the application process
- Conduct property inspections
- Set your rent according to market data
- Collect rent (including late rent)
- Prepare the lease agreement
- Enforce the terms of your lease
- Manage maintenance and repairs
- Keep up with changing landlord-tenant laws
- Handle evictions (if necessary)
Searching for Property Management in Mississippi
Are you searching for property management companies in Mississippi? Being a landlord comes with its fair share of challenges, not to mention takes up most of your time. Rental Choice aims to help property owners like you easily find a property management company. Search our online directory