Blog :: 05-2020

RESILIENCE IN THE SEACOAST RENTAL MARKET

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It's clear consumers, companies, and property owners want the COVID-19 epidemic to be controlled as quickly as possible. Everyone is taking the proper measures to contain and reduce the spread of the coronavirus.

What is not clear is how quickly the short term rental market will recover.

We recognize there is strength and resilience in leisure travel destination markets, like Seacoast NH and Maine, where travelers face far less risk than they do in urban crisis centers.

The impacts of this pandemic are highly localized, meaning the markets affected are largely limited to where the virus outbreaks are.  In fact, short term rentals on seacoast shoreline may be more resistant to this temporary slowdown than other markets. Here’s why:

  • Vacation rentals are often in more remote locations with less direct exposure to other travelers
  • Vacation rental guests often visit destinations within driving distance which allows them to bypass the potential risks of airline travel
  • Because vacation rentals are booked further in advance than hotels, canceling is often more cumbersome with tougher cancellation policies

Vacation rentals are open for business. That said, it becomes even more challenging for property owners to manage and maintain their seasonal or secondary homes when faced with a stay home order.

That’s when having a local, trusted management company is important.

Rising Tide offers customized property management services for Seacoast property owners to choose from. With more than a decade of managing properties in Seacoast NH and Maine, our team provides guidance navigating the rental market to maximize your real estate investment.

From arranging repairs, monitoring security, and routine maintenance to meeting tenants and guests, running background checks, and handling emergency, middle of the night calls. You can breathe easy knowing our team is responsible for the details of your New Hampshire area rental property. 

Only time will tell how long the industry will continue to take a hit, here’s hoping for a speedy recovery and a thriving summer and fall. In the meantime, if you are faced with managing your property while hundreds of miles away, we can help. Our customized property management packages will meet your needs, large or small.

To learn more about how our team can maintain and manage your property while under shelter in place orders, please email Property Manager, Anthony Sillitta at anthony@maddenre.com or visit www.maddenre.com

Five Spring Things to Protect Your Home

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As the season changes, we usually tend to annual maintenance and repairs from the winter season to keep our homes in good shape and avoid costly repairs later on. Rising Tide Property Management  team offers these top five spring things to protect your real estate investment.

  1. Inspect the Roof

A typical New England winter can bring roof damage from winds, snow, or hail and usually you don’t know what damage exists until a problem arises. Well, don’t wait.

According to National Home Improvement guidelines, an asphalt, wood, or composite shingle  needs professional  every three years, while a tile  can go up to five years between 

  1. Replace Filters

Dirty HVAC filters will force your system to work harder, and cost you more money. Heating and cooling system filters should be cleaned or replaced twice a year. A simple and important task to keep your home’s engine running efficiently. Also consider draining your hot water heater. Sediment builds up in the water heater tank which will curtail the life of the unit.

  1. Clean Dryer Vent

This task is easily overlooked. Not all lint is caught in the link trap. Hiring a professional to unplug this appliance will save your dryer from working harder and help prevent a potential house fire.

  1. Decks, Driveways, and Fences

After a long winter, head outside to inspect and clean decks, driveways, and fences. A good pressure washer will do the trick. Don’t have one? Borrow, rent, or hire a contractor.

  1. Smoke Detectors

Simple. Replace your batteries twice a year, it could save your life.

If the COVID stay at home order is preventing you from tackling these spring maintenance projects to protect your real estate investment, we can help.

As essential work, our property management team can head out to your property and facilitate these maintenance matters or help establish and arrange for contractor services like landscaping, weekly lawn care, or planning ahead for your renovation project.

To learn more about how our team can maintain and manage your property while under shelter in place orders, please email Property Manager, Anthony Sillitta at anthony@maddenre.com or visit www.maddenre.com

 

Stay Informed! NH Stay at Home Order 2.0

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You can click here to read the Stay at Home 2.0 guidelines. 

Click here for specifics about businesses reopening in Stay at Home 2.0

Click here for other Stay at Home 2.0 resources for NH residents and business owners, updated after yesterday's (May 1st) press conference. 

The beaches remain closed. The reason is because MA and Maine pose risk to NH. So why not close the beach parking lots and not the beaches. And why are other state parks open? Some beaches are state parks.  This land is your land, this state is your state. You can write to your congresspeople and senators to voice your opinion.