The collapse of the housing market has attracted a whole new breed of tenant to the rental market, swelling the ranks of renters and altering the profile of the "typical tenant", according to experts in Florida; property management in Bradenton is a good example. Experienced property managers in Bradenton say that many of today's renters are more discerning than in prior decades, as many have moved out of quality homes and into apartments and single-family rental homes.
While it is commonly held that this new influx of renters is comprised mostly of people who lost their homes due to foreclosure or short sale and thus have low credit scores, this is not always the case. Many people are choosing to rent Florida properties while they wait for the market to perk up, or because they moved to a new area for job opportunities and don't want to sell the house they left behind until real estate values improve.
These are good tenants, and, what's more, they are a choosy. They have lived well in their previous location and want to continue living as comfortably as possible until they decide to buy again. Investment owners would do well to offer quality rental housing to this demographic. As current or former property owners, they will take good care of your property for you, sometimes even adding improvements here or there before moving on.
