Rancho Palos Verdes, CA, United States, 22nd Nov 2024 - A new endeavor for Harbor Property Management seeks to assist South Bay property owners in the battle to erase signs of aging in rentals – "Renter-Ready South Bay." As nearly half of the South Bay's rental properties have been in existence for more than 30 years, many units have been crying out for a refresh as the market intensifies in competition.
A top property management company that specializes in the issues of rental property owners in the South Bay, such as deferred maintenance and extended vacancies, Harbor Property Management has solutions targeted toward making older properties more attractive to today's renters.
Recent new data just released in the South Bay Housing Trends Report reveals that:
"This isn't just about aesthetics—aging properties are having an impact on the bottom line of landlords and fueling tenant frustration," according to Scott Colette, property management manager at Harbor Property Management. “Our program is designed to offer affordable, actionable solutions to help owners modernize and stay competitive.”
The program includes:
The program already has a head start through a pilot project in San Pedro. A 35-year-old duplex on Western Avenue underwent modest work—fresh paint, new appliances, and LED lighting. These led to a 37% shorter time to lease and a 15% increase in rental revenues compared to similar units in the same area.
"These numbers prove that even small upgrades can really make a big impact," Colette explained.
As Harbor Property Management helps landlords, it encourages owners to upgrade rental properties. Harbor Property Management increases both the quality of available housing in the locality and neighborhoods by improving the properties entering the rental market in South Bay. Better housing results in safer communities and a more stable, viable local economy.
"Vacancies in older units aren't just an economic issue for landlords—they affect the entire neighborhood," Colette pointed out. "Our vision is to achieve a win-win in which property owners gain better returns, and their tenants find places to call home."
Being a trusted provider of property management services San Pedro, Harbor Property Management continues to respond to local challenges with creative solutions to the advantage of both owners and renters.
In order to encourage participation, for a limited time, Harbor Property Management is offering free property assessments to owners in San Pedro, Hawthorne, and Rancho Palos Verdes. Owners will receive tailored upgrade recommendations as well as access to exclusive partner discounts.
Harbor Property Management is a full-service rental property management company servicing San Pedro, Hawthorne, Rancho Palos Verdes, and other South Bay communities. They are known for their emphasis on excellence in housing. Its turnkey solutions equally benefit both property owners and tenants.
Email: info@harborpm.com
Organization: Harbor Property Management - San Pedro
Contact Person: Scott Colette
Website: https://www.harborpm.com/
Email: Send Email
Contact Number: +14242874969
Address:29623 S Western Ave Postal Code: 90275
City: Rancho Palos Verdes
State: CA
Country:United States
Release id:20343
The post A New Initiative to Revitalize Aging Rentals in South Bay: "Renter-Ready South Bay" appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.
