Here’s the latest rental activity and trends for the Phoenix Metro area for December 2021… Closed Rental Units: 1,513 (9.51% decrease year over year) Median Lease Rate: $2,085 (20.87% increase year over year) Average Lease Rate: $2,241 (18.76% increase year over year) Average Days on Market: 24 (4.00% decrease year over year)
Author: Rentals America
December 2021 Rental Market Update
Amenities Are Where It’s At
We check out the amenities even when seeking a hotel room for a one-night stay. Perusing for those must-haves that will assure us of a great stay. Free full breakfast. Pool. Free Parking. Onsite restaurant. Free wifi. If amenities are that important for a brief stay, imagine their impact in a residential setting? While we …
Time-Saving Tips
Time. Everyone has the same amount of time in a day, a week, a month, a year. But not all of us use our time as efficiently as we could and when it comes to landlords and property management, every minute counts. First, let’s talk about the simple strategies that will put minutes back into …
4 Overlooked Tax Deductions for Landlords
Are you paying more taxes on your rental income than you should? Well, that depends on if you’re taking advantage of all the deductions allowed on real estate investment income. Most rental property owners are familiar with the primary deductions that landlords can claim to lessen the amount of income tax paid on their profits. …
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November 2021 Rental Market Update
Here’s the latest rental activity and trends for the Phoenix Metro area for November 2021… Closed Rental Units: 1,494 (11.18% decrease year over year) Median Lease Rate: $2,094 (16.72% increase year over year) Average Lease Rate: $2,262 (11.92% increase year over year) Average Days on Market: 22 (0.00% increase year over year)
4 Tips for Showing Appreciation to Tenants
4 Tips for Showing Appreciation to Tenants Who doesn’t love a word of appreciation? A nod of recognition. A simple thank you. It feels good to be appreciated by the people in our life. And that includes the landlord. Simple gestures that demonstrate appreciation can significantly impact the development of trusting, long-term, mutually satisfying relationships …
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Rentals America Packs Emergency Food Bags
The Rentals America Cares volunteer team recently had an opportunity to help United Food Bank. The group packed 975 emergency food bags to help support United Food Bank, and the families, children, and seniors that they serve. If you would like to donate or learn more about United Food Bank, please visit www.UnitedFoodBank.org About United …
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Are Home Warranties Worth the Cost?
Most landlords purchase insurance to protect against property damage caused by weather, water, fire, and theft. Should landlords also purchase a home warranty policy? Home warranties typically cover service visits and repairs for electrical, plumbing, and HVAC, and may cover major laundry and kitchen appliances as well. The items covered, service fees, and exclusions vary quite a bit …
Should You Rent to a Friend?
It’s the million-dollar question every landlord will face at some point. A friend, an extended family member, or someone who better fits the label of acquaintance will approach you about renting one of your properties. Other friends and family, colleagues, the mail carrier, and the grocery cashier will be quick to weigh in with their …
The Power of Gratitude
Imagine if there was something that could make you happier, improve your health, deepen your relationships, and even increase your productivity. Sounds amazing, right? Well, there is, and the good news? It’s not expensive or complicated. And absolutely anyone can access this life-impacting “something.” What can do all these awesome things and more? Gratitude. Adopting an “attitude of gratitude” gets a lot of mileage in November because of the Thanksgiving holiday. For …
