With new housing complexes increasing constantly, keeping your rental property competitive is crucial. To keep ahead of inflation and rising living costs, you’ll have to raise the rent sometimes. However, renters may be unwilling to pay if you don’t increase your property value. How can you increase the value of your units without breaking the …
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Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – September 2024 Typical Rent: $1,863 (1.0% increase year over year) Single Family: $2,310 (2.4% increase year over year) Multifamily: $1,600 (-0.3% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – …
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If you think being a rental property owner is financially impossible, you should consider house hacking. House hacking means buying a personal residence and renting out your extra space to make money. It’s not being a rental property owner in the traditional sense. But this low-key method can help you transition into a more lucrative …
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