Here’s the latest rental activity and trends for the Phoenix Metro area for June 2022… Closed Rental Units: 2,294 (34.94% increase year over year) Median Lease Rate: $2,199 (11.34% increase year over year) Average Lease Rate: $2,359 (9.52% increase year over year) Average Days on Market: 24 (41.18% increase year over year)

Should a landlord utilize child-proofing methods in their rental properties?   The answer to that question is – probably.  Properties with safety features can be more appealing to potential tenants with young children, and can reduce liability risk as well.  Fortunately, equipping units with the fittings and tools to ensure children are safe does not require …

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With the costs of goods and services steadily climbing, protecting the bottom line is more critical than ever for landlords.   The Dilemma   Continue to meet financial obligations, pursue business goals, and maximize profits, all while offering housing options that are affordable and attractive to today’s tenants.  The Formula   Maximizing profits by increasing income while reducing …

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We naturally try to distance ourselves from creepy, crawly pests of all varieties—rodents, insects, snakes. The very thought of these intruders invading our space is unpleasant at best. As landlords, it’s your job, and responsibility, to maintain a pest-free rental property. In fact, in many states, it is a legal requirement.   Addressing creepy, crawly unwelcome …

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Do I need a landlord-tenant attorney who focuses specifically on legal issues relating to landlord and tenant rights?   Every landlord must answer that question for themselves, as each property owner has a unique combination of circumstances. So, let’s focus on the questions that will help landlords determine their need for an attorney specializing in …

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Here’s the latest rental activity and trends for the Phoenix Metro area for May 2022… Closed Rental Units: 1,994 (33.83% increase year over year) Median Lease Rate: $2,200 (15.79% increase year over year) Average Lease Rate: $2,360 (14.73% increase year over year) Average Days on Market: 25 (19.05% increase year over year)

Ever present in a landlord’s thoughts is the burning question, “How can I prevent tenant property damage?” Of course, all hopes are pinned on the best-case scenario, that any damage will be light and of the normal wear and tear variety. But wise property owners understand the need to consider damage scenarios that fall into …

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The dream of every landlord is to have all rental properties occupied. And when satisfied tenants fill those units, that’s icing on the cake. So what reduces turnover and keeps renters happy? A positive tenant experience.   Landlords and property managers often seek tips on tenant retention in an effort to reduce the costs associated with …

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Gone are the days when multiple properties popped up for sale on a weekly, if not daily, basis. Buyers had time to peruse listings, do a leisurely drive-by or two, and work their way toward an offer. But today’s housing market moves much too fast for that laidback approach. Now, properties often move from listing …

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Here’s the latest rental activity and trends for the Phoenix Metro area for April 2022… Closed Rental Units: 1,774 (10.19% increase year over year) Median Lease Rate: $2,195 (21.94% increase year over year) Average Lease Rate: $2,287 (16.80% increase year over year) Average Days on Market: 25 (25% increase year over year)