“People don’t build a 5,000 square foot home to turn it into a rental, but we have a number of those in the community right now.”-Clint Collins, Idaho Falls Rentals
The home sales market is so bad in eastern Idaho that many sellers are turning to temporarily renting out their vacant houses. To give you an idea of how bad; in October, 2010, Idaho Falls Rentals took on four houses for rent. Then in July, 2011, eighteen homes, then in August another seventeen. That’s just one east Idaho property management company!
The plus side for “Home Tender” renters is that they can get a big home for less than the usual rent, but the down side is they have to move out as soon as it sells.