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Title: A New Initiative to Revitalize Aging Rentals in South Bay: "Renter-Ready South Bay"

Rancho Palos Verdes, CA, United States, 22nd Nov 2024 - A new endeavor for Harbor Property Management seeks to assist South Bay property owners in the battle to erase signs of aging in rentals – "Renter-Ready South Bay." As nearly half of the South Bay's rental properties have been in existence for more than 30 years, many units have been crying out for a refresh as the market intensifies in competition.A top property management company that specializes in the issues of rental property owners in the South Bay, such as deferred maintenance and extended vacancies, Harbor Property Management has solutions targeted toward making older properties more attractive to today's renters.New Data Highlights the Need for ModernizationRecent new data just released in the South Bay Housing Trends Report reveals that:48% of the rental units in San Pedro, Hawthorne, and Rancho Palos Verdes are over 30 years old, most with minimal upgrades since construction.64% of respondents preferred energy-upgraded properties, citing reduced utility bills and environmental concerns as key determinants.Vacancy in old properties is 22% longer than in upgraded rentals, resulting in major loss of revenues to the owner."This isn't just about aesthetics—aging properties are having an impact on the bottom line of landlords and fueling tenant frustration," according to Scott Colette, property management manager at Harbor Property Management. “Our program is designed to offer affordable, actionable solutions to help owners modernize and stay competitive.”How 'Renter-Ready South Bay' WorksThe program includes:Personalized Property Assessments:Each house gets a thorough inspection and view of the most impactful renovations, including kitchen and bathroom upgrades, modernization of floor...

This press release is issued by King Newswire