Thanks to the pandemic, the 2021 housing market saw a huge rise in single-family rental construction as families sought to transition away from apartment living in favor of the single-family home. Unable to leap into the homebuying market yet longing for both privacy and space, many families chose the appeal of built-to-rent (BFR) homes. The …
The Low Down on Build-to-Rent
Celebrating Earth Day – The Envira Amazonia Project
In celebration of Earth Day 2022, we’re excited to share our support of CarbonFund.org and their Envira Amazonia Project. The project will protect nearly 500,000 acres of tropical rainforest, mitigate the release of more than 12.5 million tons of carbon dioxide equivalent emissions. Our Commitment to Sustainability Rentals America is committed to sustainability and reducing …
Continue reading “Celebrating Earth Day – The Envira Amazonia Project”
March 2022 Rental Market Update
Here’s the latest rental activity and trends for the Phoenix Metro area for March 2022… Closed Rental Units: 1,966 (16.54% increase year over year) Median Lease Rate: $2,100 (16.73% increase year over year) Average Lease Rate: $2,270 (17.68% increase year over year) Average Days on Market: 24 (4.35% increase year over year)
The Do’s of a Rent Increase
Rent increases are a part of life for rental property owners and their tenants. While it will never be considered a favorite part of the landlord/tenant relationship, attention to the following do’s can make the process less painful for all involved. The key is to consider several factors before getting to the “rent increase letter.” …
Mold Prevention Tips for Landlords
Mold is difficult to detect, expensive to remove, and is responsible for a myriad of health issues. The silent cause of damage to structures and a host of symptoms and health concerns. Landlords are compelled to offer dwellings free of health hazards, including the presence of mold. If left unchecked, the harm mold inflicts …
A Great Day at Community Food Bank
The Rentals America Tucson team recently volunteered at Community Food Bank of Southern Arizona. The team filled 2800 food bags, breaking a record! If you would like to donate or learn more about Community Food Bank of Southern Arizona, please visit www.CommunityFoodBank.org About Community Food Bank The Community Food Bank of Southern Arizona responds to the …
The Pros and Cons of Renting to College Students
Many a rental property owner comes face to face with the question: Should I rent to college students? For some, the very thought conjures images of loud, late-night parties and disorderly conduct. Others might offer property destruction and late rent payments as cause for steering clear of student tenants. Even though these commonly held notions …
Continue reading “The Pros and Cons of Renting to College Students”
Rentals America Returns to United Food Bank
The Rentals America Cares volunteer team was happy return to United Food Bank on March 16th to help sort food donations. We had a great time and packed nearly 8,000 pounds of food! Cedric, one of the volunteer leaders, shared several personal stories about his experience with United and Feeding America. It was great to …
Continue reading “Rentals America Returns to United Food Bank”
February 2022 Rental Market Update
Here’s the latest rental activity and trends for the Phoenix Metro area for February 2022… Closed Rental Units: 1,812 (13.61% increase year over year) Median Lease Rate: $2,100 (19.66% increase year over year) Average Lease Rate: $2,270 (20.30% increase year over year) Average Days on Market: 25 (7.41% decrease year over year)
Tips for Determining How Much Rent to Charge
Both first-time and experienced landlords face the dilemma of establishing rental prices for their property. Set the rent too high, and units will sit empty, earning nothing while still accumulating expenses via utilities, taxes, insurance, etc. Charge too little in rent, and red ink will dominate your profit and loss statement again. The prospect of …
Continue reading “Tips for Determining How Much Rent to Charge”