Stone Oak Client Update | November 2021
Inflation in Rental Real Estate
In our last update, we talked about inflation in real estate and its effects on your rental home. We wanted to expand on this topic and let you know about some of the forces at play and where we feel the effects of inflation in our business.
Vendor Labor - Quality vendors are becoming harder and harder to find, and the ones who are still around are charging more for their services due to labor/material shortages & inflation. Our maintenance team faces a continued challenge with getting great labor in your home without breaking the bank.
Appliance Costs & Parts - Appliances and specialized items for your rental property are becoming harder to come by with growing shipping times. Alongside the appliances, getting parts for said appliances, etc can be difficult to do right now with logistics issues across the board with shipping and trucking industries.
Insurance, Taxes & Dues - At Stone Oak Property Management, we anticipate an increase in the costs of these...