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Title: Harbor Property Management Acts to Address Long Beach Rental Housing Crisis
United States, 22nd Nov 2024 – With unprecedented pressure on Long Beach and Lakewood's rental housing markets, Harbor Property Management in Long Beach is responding with specific solutions to help property owners and renters. Increasing demand for rentals, rising tenant turnover, and increasingly complex regulations are taking a toll on the local market, leaving many local property owners searching for answers.Recently, data has shown that average rent in Long Beach is up 12% year over year; this was when the city was at its lowest vacancy rate ever. Where affordability and quality of housing were once great concerns for tenants, property owners are increasingly finding it difficult to maintain properties, follow laws, and keep up with evolving expectations from the renters. Harbor Property Management works through innovative strategies and a community-first approach to overcome such challenges."Long Beach's rental market is at a tipping point," says a representative of Harbor Property Management. “Property owners are under pressure to keep their investments profitable while meeting tenant demands for higher standards of living. Our property management services in Long Beach focus on bridging this gap, creating stability and value for both sides.”Overcoming the Major Challenges of Long Beach's Rental MarketIn the effort to address the most chronic problems in the rental housing sector, Harbor Property Management has been able to evolve solutions that place it as a leading property management company in Long Beach:Occupancy:Targeted advertising campaigns and an effective system to vet tenants ensure that vacancies are filled within the shortest time possible, reducing revenue losses for property owners. It solidifies Harbor's position as o...
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