It can be difficult to find a rental in this competitive rental market. Here are some tips and tricks when applying and what do when reaching out to property management companies.  TENANT TIPS and TRICKS:

  1. Consider submitting an application with a few property management companies (or as many as you feel you are willing and able to do)
  2. Consider paying for the application fee, if it applies 
  3. Consider getting reference letters from past landlord's if you had a good relationship and sharing with your application
  4. Follow up with Property Managers that you have submitted an application with and casually check in on new properties coming on the market 
  5. Your credit score will be pulled, so do make sure your record…

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Rental Needs: 

- 2+ bed, 1+ bath
- Must have a yard
- Renter has 2 dogs, 2 cats (older and well-behaved)
- Areas of interest: Bozeman, Belgrade, Three Forks, Livingston
- Budget: $1900/month and under 
- Month-to-month rent or open to a lease 
- Tenant has great references 
- Start Date: ASAP

If you know of any rentals coming up, please email me at Marisa@BuyBozemanHomes.com. 

Marisa Owen - Realtor
(925) 785-2596

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I want to touch on investing in Bozeman. Real Estate inventory for 2019 has continued to be lower than expected and prices have increased as you are probably well aware of. However, this results in more renters staying put where they are as buying their first home could be unachievable or more difficult.  While this is an unfortunate outcome of higher priced homes, let's dive into the how's and why's investing in Bozeman. I've created some questions to structure the conversation. 

5 REASONS WHY INVEST IN BOZEMAN:

1. Investing in the market is like investing in the stock market but can have greater returns in the long haul. 
2. If your cash is sitting in a checking account, it's collecting an insanely low interest rate per year. 
3. There are more…

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With Bozeman housing prices increasing every year, is it still feasible to find a profitable rental property here in Bozeman? 

The short answer is YES. The rental market demand is STRONG and there are simply not enough rentals with the number of students and additional residents moving to Bozeman every year.  

RENTAL STATS

"In Bozeman, the most recent American Community Survey figures estimate that 56% of households are renters and 44% are owners." In looking back since 2000, the number of renters vs. owner households has maintained the same high ratios (55-57% of households). The distribution of the renter households vs. owner households has not significantly changed in the last 16 years. 

RENTAL INCOME

  • Right now (in 2019), we…

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In the last few years, the City of Bozeman has reinforced the how, where, what of renting out properties in Bozeman (VRBOs and short term rentals). There are numerous factors to consider (i.e. location, zoning, etc, etc) beyond this list, but this is to kick off the basics when shopping for a property that has investment opportunity. Specifically, this blog is looking at "a main house and ADU" as a rental property. 

  • Property Type: Main House and ADU (Accessory Dwelling Unit) 
  • Where: Located in city limits of Bozeman 
  • What: Review both HOA covenants and bylaws (or possible Property Management Company to verify) AND review the city of Bozeman ordinances for specific restriction language
  • Restrictions: The City of Bozeman has restrictions on…

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Short Term Rentals in Bozeman City Limits

While in theory renting out your property seems manageable on sites like Airbnb, VRBO, etc, there are key items you should know before entering the process. The below applies to properties within Bozeman's City Limits. 

Here are some questions to guide you in the process: 

How do you locate a property that allows Short Term Rentals (STRs)? 
We help our buyers vet those properties by looking at zoning, reading covenants, and verifying with the HOAs. 

Is there a link to easily see what properties can be short term rentals? 
Yes and No. This link will allow you to see what areas of Bozeman will allow STRs. However, to identify the available/active listings ready for purchase, we can help you with that by…

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