Jackson vs Nearby Cities
Central Mississippi is a great place to look for affordable real estate, and many of the cheapest homes are located in the Jackson area. The median home value in this city is known to drop as low as $50,000, and the median listing price tends to stay well below $200,000. It’s common for buyers to pay $80 or less per square foot in Jackson as well as in surrounding cities. Similar prices are found in Crystal Springs, but the median home value in this city is often closer to $100,000. Slightly higher prices are found in Canton, where buyers commonly pay $100 or more per square foot. The median listing price in this city is often more than $200,000.
Jackson Property Managers
An experienced property manager will protect your property through real estate expertise as well as accounting, managerial and communication skills. They can serve as your representative when managing tenants and may help you keep your units occupied for maximum profitability. They may also have knowledge that you’re lacking, including marketing and accounting skills.
Jackson Property Management Company Fees
Most property managers charge a base fee for a specified set of services, but you often have the option to add services for a higher fee. There is often some negotiating involved, since every property is unique. It’s important to get an itemized list of tasks that your manager will handle in exchange for their fee.
Mississippi Landlord/Tenant Laws
- Mississippi landlords are required to maintain rental properties so that they abide by all building and housing codes.
- Tenants are required to give their landlord written notice when a repair is needed within their rental unit. The landlord then has 30 days to repair the property.