Premier Property Management Group Continues To Impress
Premier Property Management of Memphis and PPMG of Texas have both been seeing this same trend their management portfolios since the4th quarter. A rise in rental rates over-all, a rise in demand for our services and a decline in vacancies. Each city have seen increases in lease extensions coupled with fewer monthly move-outs. We cannot say for sure that these trends are company specific or if they are related to the cities themselves as there is very little published data.
What we can say is that an increased focus on staff, training and service to tenants has absolutely paid off. We continue to have the outlier properties that take a little longer to rent for no rhyme nor reason and we continue to turn down un-qualified applicants only to have them complain. However, both scenarios continue to occur on a decreasing scale and happy, satisfied tenants continue to extend leases at an increasing rate.
Over-all, we are thrilled with the job our teams in Memphis and Dallas are doing! Here is a quick breakdown of some key numbers: