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)
August 2020 Rental Market Update
Phoenix – A Hot Spot for Rental Property Investment
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”
Navigating the Covid-19 Eviction Restrictions
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”
Building Positive Relationships with Your Tenants
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”
July 2020 Rental Market Update
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)
Back to School – Or Not
The dilemma is yet to be solved. No sooner is a return-to-school plan established, then something changes. It’s a challenging time for parents who are juggling onsite and remote work while helping their children with e-learning, adjusting to daycare changes, and trying to make plans for children to return to school classrooms – at least …
Rentals America Featured as Multi-Year Winner of the Best Property Management Company Award
We’re pleased to announce that PropertyManagement.com has named Rentals America as a multi-year winner of the Best Property Management Companies Award. This recognition is given each year to property management companies that have consistently shown exceptional performance. “Out of the 300 property management companies that we’ve evaluated this year, our research found that Rentals America has continued …
Finding Your Dream Rental
Looking for a home to rent can be challenging, and when you find the perfect place, there may be several others who have discovered it too. Understanding the application process and being prepared can make all the difference in securing your ideal residence. Have your paperwork in order: In addition to filling out an application, you …
Investing in the Rental Market 101
Investing in the rental market can be a prudent way to build up your financial portfolio. Like anything worth doing, however, there’s the wise and thoughtful path and the hit or miss impulsive path. Taking time to study the industry and industry tools before you jump in pays off. Frankly, with the changes in technology, …
Rental Property Clean-Up
Reducing the time between tenants is essential – after all, an empty rental doesn’t produce income. A plan for efficient repairs, updates, and cleanup makes a difference, whether you do it yourself or hire professionals. A thorough deep cleaning not only attracts tenants, but often reveals areas that need further attention. Furthermore, in our current …
