A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

A.D. Cantelmo Property Management Our Business is Property Management in Orange County California  

 

 

 

How long will the increase in rents last?

 

 

 

  It’s always mystifying when you try and look for reasons why things happen, when you think the opposite should be happening. I am talking about the increase in rents in the Country. With interests rates to buy a home so low, you would think that people would be knocking down the doors of the banks to get a home loan, but in reality,  people are knocking down the doors of Property Management Companies to trying to find a home to rent.

 

Just look at the increase in rents:  

 

 

 

People are spending a larger amount of their income on rents. A renter making a median income in the U.S. spent 30.2 percent of their income on a median priced apartment in the second quarter, compared to 29.5 percent a year earlier. The long-term average, from 1985 to 1999, was 24.4 percent.

 

Rental affordability worsened from a year earlier in 28 of the 35 largest metropolitan areas covered by Zillow. Rents were least affordable in Los Angeles, where residents devoted 49 percent of monthly income to rent. The share in San Francisco was 47 percent, 45 percent in Miami, and 41 percent in the New York metro area  

 

In my business of Property Management in Orange County California, I have to ask, With the cost of rents increasing and the mortgage  rates still very low, when will the renters turn into buyers? And why have they not taken advantage of these low interest rates to buy a home instead of renting? I have written about this many times and The instability of the economy is the number one reason people give me for not buying. With all the involvement of the Federal Reserve in keeping interest rates low, and with the unemployment rates coming down, many people are working part time jobs or jobs that pay low wages, so people are still not confident in their future incomes and they are more comfortable renting even though it would be to their benefit to buy.

 

When will this change, only time will tell, but for the buyers out there who are in a good position to buy, they should take advantage of the low interest rates now, because there will be a time when rates start to move up and many people will look back and wonder why they waited.    

 

 

 

    A.D. Cantelmo Property   Management Specializes in Property Management in Orange County Ca.

Tenant/ Property Service
 
Marketing Property
We market your property on all the major Real Estate websites, including Zillow, Trulia, Realtor.com, and the Multiple Listing Service

Showing your Property
We make sure your Property is shown to all Qualified, interested parties. We never allow Unchaperoned shwings

Screening Tenants
We have a detailed tenant screening process. We run Credit, Criminal and Eviction checks. we check rental history, and use our more then 10 years of Property Management experience to place the Best Tenant possible in your Property

Open 7 Days a week

Contact Tony
714-313-7413
If you have hours that do not coincide with normal business hours, No Problem.


 

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Realtor Equal Housing Opportunity Multiple Listing Service
 

What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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