Top City Searches in Vermont
Vermont: The Green Mountain State
Vermont has an estimated population of 643,503 residents, making it the second-least populated state in the nation. It is also the sixth-smallest by land area. Montplier is the state capital, while Burlington is the most populous city in Vermont. Nicknamed the Green Mountain State, Vermont is known for its forested landscape and mountain ranges, making it a top destination for skiing. It is also the country's top producer of maple syrup.
Vermont is also known for its arts and culture scene. There are many museums in the state, such as the Bennington Museum
, the Montshire Museum of Science
, and the Shelburne Museum
. There are also a handful of performing arts companies based here, like the Vermont Symphony Orchestra
, the Opera Company of Middlebury
, and Ballet Vermont
Additionally, Vermont hosts a wide range of events throughout the year. These include the Vermont Maple Festival, the Green Mountain Film Festival, the Vermont Dairy Festival, the Vermont Brewers Festival, and the Marlboro Music Festival. Colleges and universities located here include the University of Vermont
, Champlain College
, and Middlebury College
How Is Vermont's Rental Market?
Home prices in Vermont have been increasing over the years, and the pandemic made no difference. The median sale price
for a home in this state is $324,500, indicating a 12.3% year-over-year change. This is perhaps why the Green Mountain State also boasts its fair share of renters. In fact, 29.2% of the state's population are renters.
Image via towncharts.com
In terms of rent, landlords stand to earn decent returns. The median rent in Vermont back in 2019 was $980. This was lower than the national median at the time, which was $1,097. On the bright side, vacancies in this state seem to be comparatively lower. The vacancy rate in 2019 was 4.48%, whereas the national rate was 5.97% in the same year.
Image via deptofnumbers.com
Perhaps the only downside to Vermont, though, is that its laws tend to favor tenants. Many even consider it to be the most tenant-friendly state.
Why Hire a Vermont Property Management Company?
Obviously, there is a lot of potential for rental profit in Vermont, making it an attractive location for property investors. But, there is more to managing a rental property than meets the eye. Eventually, landlords will encounter challenges, especially if they don't have enough time or a background in rental management. Beyond that, they also need to stay up-to-date with landlord-tenant laws.
This is why most landlords usually hire a Vermont rental management company.
When you hire a property management company, you can say goodbye to endless calls from tenants and long hours of work. A property manager can do all of the things a landlord is tasked to do. It is basically like leaving your rental property on autopilot. Meanwhile, you can relax and wait for the income to roll in.
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)
In Search of Property Management in Vermont?
Looking for rental property management in the state of Vermont? Rental Choice was formed to be a valuable resource to property owners and landlords. Our online database contains professional property management companies looking to service your rental home.
By entering your zip code or selecting your city, our website allows you to target your search for trustworthy companies. Simply find the companies that offer the service your community needs and reach out to that company for more information.