Showing posts with label Big homes are renting well. Show all posts
Showing posts with label Big homes are renting well. Show all posts

Sunday, July 20, 2008

Incredible Time for Property Management

I have been constatnly surprised as to the make-up of our new customer base. Not surprised that half of our new customers are 'unintentional investors' who have/need to move but don't want to sell their house, but VERY surprised as to the magnitude of the homes coming to us.

In a given week, it is not uncommon for us to take on multiple homes that are in the $500k and up range. A few weeks ago, we even had a $1.5M and a $600k in the same day. Perhaps more important, these homes are renting... some of them VERY fast. Cherry Creek School District is a huge driver (they are typically on the market for days), but expensive properties are renting in all areas as well (might take 4 weeks to move something in east Aurora, but they do eventually move).

Scott Lukes
Founder
Echo Summit Properties
http://www.echo-summit.com/