Author: Rentals America

The Phoenix rental market continues to show strength.  Limited supply of available properties and strong demand continue to drive year-over-year rental appreciation. Check out recent rental activity and trends for the Phoenix Metro area for September 2020… Closed Rental Units: 1,722 (9.80% decrease year over year) Median Lease Rate: $1,700 (6.58% increase year over year) Average Lease …

Continue reading “September 2020 Rental Market Update”

In recognition of World Homeless Day, Rentals America is proud to support Tempe Community Action Agency (TCAA) and the I-HELP campaign. The I-HELP program strives to improve the economic status and self-sufficiency of homeless men and women. “As the homeless population continues to rise, in turn, the volume of affected people unable to access services …

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Like most businesses, rental property owners must adapt to the “new normal” and change in our COVID-impacted world. From social distancing and cleaning procedures, to renters who have been hard hit economically, landlords are searching for new ways to handle their rental properties and navigate the challenges. Communication – good, consistent communication – is essential. Don’t …

Continue reading “Your Rental Properties and the “New Normal””

According to CoreLogic’s recent Single-Family Rent Index report, Phoenix had the highest year-over-year increase in single-family homes rent in August 2020. Among the 20 metro areas included in the report, Phoenix had the highest year-over-year increase in single-family rents at 5.8%. Tucson, Arizona, had the second-highest rent price growth with a gain of 4.8%.  

  There is an old saying that goes, “It’s not the initial cost, it’s the upkeep!” A fitting saying for many situations and certainly one to consider when investing in home rentals. Preparing a home for rental goes beyond the purchase price. It includes remodels and upgrades that give you the best bang for your buck …

Continue reading “Rental Renovations with a Solid Return on Investment”

Check out recent rental activity and trends for the Phoenix Metro area for August 2020… Closed Rental Units: 2,060 (8.36% decrease year over year) Median Lease Rate: $1,743 (9.28% increase year over year) Average Lease Rate: $1,937 (9.25% increase year over year) Average Days on Market: 25 (13.8% decrease year over year)

Phoenix, the fifth-largest US city, is the only state capital with more than a million people. Add another five million residents in Phoenix suburbs, and that’s a whole lot of real estate. Many of those residents prefer renting. According to the World Population Review, more than 46% of residents in the Phoenix metro rent. So, what makes …

Continue reading “Phoenix – A Hot Spot for Rental Property Investment”

As we keep hearing, these are unprecedented times. The Covid-19 crisis has led the government to take extraordinary measures to support the economy and protect people that have been impacted by the pandemic. For landlords, the various eviction holds that have been placed are amongst the most significant actions and a cause of confusion. Here’s …

Continue reading “Navigating the Covid-19 Eviction Restrictions”

Business owners know that it’s important to build a strong rapport with customers. Good relationships and solid customer service will keep them coming back again and again. But how does this apply when you are a landlord and your customer is your tenant? In essence, you want them ‘coming back’ for more in terms of …

Continue reading “Building Positive Relationships with Your Tenants”

Check out recent rental activity and trends for the Phoenix Metro area for July 2020… Closed Rental Units: 2,274 (7.47% increase year over year) Median Lease Rate: $1,699 (6.19% increase year over year) Average Lease Rate: $1,887 (5.83% increase year over year) Average Days on Market: 26 (8.3% increase year over year)