Even before Labor Day, we are preparing for Summer of 2023!
Over the past 3 summers, there was high demand for rental properties; and the length of our season was extended.
This increased interest allowed property owners to bump up rates. Â And while some long time renters complained, they continued with their leases because the shore was still their best option for a family vacation.
For 2023, I believe a more conservative approach is best. Â School and sport camps are back to regular schedules (therefore creating a shorter season). Â And travel opportunities are once again competing for vacation dollars.
A tenant understands a modest increase to cover the rising costs of utilities, cleaning, and improvements to the home. Â Yet quality repeat tenants also want to feel appreciated!
Stunning September Sunrise