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Real Estate Investment and Property Management in West Chester PA

The administration of residential properties in West Chester, PA, involves serving two different rental communities.

The first community includes students attending West Chester University. As certain geographic areas of West Chester do not allow student rental, it is very important that you make sure where your investment property is located in the city. Student housing requires a lot of time for property managers and requires additional work hours to meet their needs. For example, with student housing we receive calls to change light bulbs, remove snow or ice, clean rooms and many other requests that we generally do not receive from non-student tenants. As an investor, you should make sure you have a property management company in West Chester, PA, aligned to handle these problems or be prepared to handle them yourself.

In addition, with student housing you will get a great rotation and most students will stay one year and move. So be sure to plan a high tenant turnover when considering investing here.

The second community in West Chester, PA, are not students. This may include people who live in this very popular community or, in some cases, people who work at the University of West Chester. These types of tenants tend to be more mature and easier to manage the properties in which they reside. In addition, they tend to pay rent on time and do not need almost as much maintenance or attention. As an investor, this may be the best option, but these types of investment properties tend to cost more per unit.

The good news is that non-students can live on their investment property for many years and reduce their free time.

West Chester, PA is a very popular community with many shops and restaurants in the downtown section. West Chester, PA is also home to QVC, one of the largest employers in the area.

This city is still a very popular market for both sales and rentals. The average sale price of a home as of November 2018 is $ 414,100. The average sale price rose 3.4% during the last year. The rental market is also experiencing a good price appreciation. The average rent is $ 2,242 per month and has risen 1.5% in the last month. This compares with the average rental in Philadelphia of $ 1,581 and nationwide of $ 1,449. Given the high popularity and strong employment in the area, I would suggest that this is a great place for real estate investors to look for investment properties and returns above average.

If you are a real estate investor or owner and would like more information on how we can help you buy investment properties and our property management program, visit our website

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