Foreclosure and short-sale participants now find that a damaged credit history will significantly restrict their lifestyle for years. Federal lending guidelines dictate two to three years before a new mortgage is an option and credit scores must meet higher minimums. Prospective tenants are subject to income and credit screening when dealing with professional agencies.
The inventory of available rental homes remains low and has already begun to push rents upward. Earnest investors are purchasing bank-owned properties at reduced prices and realizing the positive cash flow potential of rental income. Finding good tenants, maintaining rental properties and knowledge of applicable landlord laws has presented challenges to owners.
One local company with a depth of experience and a breadth of services is positioned to help with the challenges facing tenants and owners. A sister company of Coldwell Banker Amaral & Associates, A. Meadows Property Management specializes in leasing and managing single-family residences in East Contra Costa County and is committed to providing the highest standard of professional quality services in the industry. A. Meadows Property Management finds desirable homes for potential renters and assists owners in finding, leasing and maintaining rental properties.
For more information, call 925-625-7975 or visit www.ameadowspropertymanagement.com.