Rental Cycles in Charleston, WV
It seems extremely simple, but renting a property isn’t exactly easy. In our first few years of renting our own properties, we ran into a bit of an anomaly. See Charleston, West Virginia is a stunning place. People are moving here because of the relatively moderate climate (but also getting all four seasons), great cost of living, and opportunity to live in a place that is one of the most beautiful states in the United States. However, as our rental properties were put on the market we noticed some trends.
People don’t like to move in the summer or the winter. Our theory is because in the summer, people want familiarity. You either move to a region to experience before their first summer in the spring, or you move for the school year for the fall. Our data and trends have shown people move in the Spring and the Fall. Also, WVU Football starts in the Fall so we are sure that is part of it.
Out of state people are moving in. We have heard countless reasons, from affordability to the relaxed pace of life, for people choosing West Virginia. Opportunities are abundant, and people are taking advantage of the work environment to do what they have always wanted to do.
Tenants appreciate great communication. This seems like an obvious observation. But, our tenants have told us time and time again that they are appreciative of knowing what is going on. Even if a work order is in the works, letting tenants know that we are working on it and don’t have a solution yet is helpful.
Charleston, West Virginia is an unbelievable place to purchase rental properties. The Kanawha Valley is an amazing investment from cash on cash return to helping great people find quality homes. L&L Property Management is here if you have any questions at all. Reach out via phone or email, and we will get back to you ASAP.