According to data released by Apartment List, more than 1/3rd of remote or hybrid workers plan to move within 2023. This survey took place in December 2022 and interviewed more than 6,000 participants. Their full data explores the motives and rationale for so many workers seeking a new place to live. Top among them are the desires for a more spacious living environment, relocating to be closer to family, reduction in the rental cost, and greater access to urban amenities.
Are Landlords Ready for 1/3rd of Tenants to Move?
If you are a landlord, only you can answer that question. 27% of fully remote workers, 31% of hybrid remote workers, and 17% of on-site workers intend to move in 2023. That is a lot of turnover to handle in a short time. Landlords are going to spend a lot of time cleaning out buildings, performing maintenance tasks, looking for new renters, doing background checks, paperwork, returning security deposits, and more. If you don’t have time for that then 2023 might be the perfect year to consider hiring a property management company.
How Property Management Can Help Landlords in 2023
While property management varies from company to company, Cincy Rents offers a lot of practical solutions to make your life as a landlord easier.
- Exclusive Leasing Service – For a modest fee you can list your property for 90 days on cincyrents.com. This service also includes inquiry and showing management, background checks of potential tenants, and lease signing and move-in coordination.
- Full Management Service – In addition to everything included with the Exclusive Leasing Service, full management adds accounting services, 24/7 maintenance staff, and tenant communication. Full management cost is based on the price of monthly rent and makes it easy for you to own multiple properties without every needing to find your own tenant or communicate with tenants.
- Regional Resources – One of the major reasons that workers give for relocating in 2023 was to be closer to urban amenities. This blog covers urban living in Cincinnati with a detailed breakdown of each neighborhood.
To learn more about how we can help you find new tenants in 2023 visit our Property Management Services page.