Legerity Property Management 2011 Vacancy
Although Legerity Property Management has always had a vacancy rate better than the community's average, this past year, vacancies rates have improved considerably for everyone. Legerity finished 2011 with a 1.4% vacancy rate for the year - our best year yet. Market conditions and our improvements in advertising this past year certainly paid off.2011 Evictions / Lease Breaks
Although we didn't have any evictions in 2011, there were more lease breaks than expected this year. The two top reasons being job loss and interestingly enough relocation for new employment. Fortunately, most of our tenants are good about communicating distress early, so filling the homes quickly and mitigating the need for collection attempts and litigation fees worked out favorably this past year.Growth in 2011
Legerity Property Management realized small rent increases on the majority of Ada county properties and had the pleasure of meeting many new clients - some investors and some individuals who entered the rental business as the sales price of their home was unfavorable in another year of distressed sale prices.
Brandon Morgan
Legerity Property Management, Inc.
