Properties are renting in 15 to 30 days. This combined with steady increase in rental rates is a very positive signal for the industry.
Detroit, MI (PRWEB) June 26, 2014
Garner Properties & Management LLC, the largest single family rental company in Southeast Michigan, reported a record number of lease signings for May 2014. Garner Properties had over 50 new leases signed in May and an average of 45 per month for the previous months. Overall, lease signings to inventory is on an upward trend.
Chris Garner, president of Garner Properties said, "We have seen a steady increase in lease signings for the past year. We are currently turning our available inventory of rental homes every 2 months and most properties are renting in 15 to 30 days. This combined with a steady increase in rental rates is a very positive signal for the industry.” Garner Properties is leading the way in innovation, efficiency, and production in property and asset management in Detroit Michigan and surrounding areas.
Garner Properties & Management LLC is the largest SINGLE FAMILY, and the fastest growing small to mid-size MULTI-FAMILY, property management company in Michigan with over 1800 properties under contract. Garner Properties & Management LLC has been serving Michigan for more than fifty years helping property management customers reach their goals.