Check out recent rental activity and trends for the Phoenix Metro area for June 2020… Closed Rental Units: 2,134 (8.43% increase year over year) Median Lease Rate: $1,675 (4.69% increase year over year) Average Lease Rate: $1,839 (2.97% increase year over year) Average Days on Market: 29 (26.09% increase year over year)
June 2020 Rental Market Update
Do’s and Don’ts for Landlords – Part 2
You and your tenant: In Part I, we shared do’s and don’ts for investing in a rental property. In today’s blog, we talk about what happens after you sign the dotted line, and the rental game begins. Do’s Remember, this is a business relationship. You are ‘selling’ a product/service – a place to live with …
Do’s and Don’ts for Landlords – Part 1
Before you invest: Stepping into the rental property market can be a great opportunity. These do’s and don’ts will help you know if it’s the right opportunity for you. Do’s Study the market – and yourself. Take time to answer the following questions. We’re not talking quick responses. Do the research. What is the best …
Celebrating July 4th Safely
“We must be free not because we claim freedom, but because we practice it.” – William Faulkner As you and your family and friends celebrate our nation’s 244th birthday, pause to give thanks for a country that still stands 244 years after our founding fathers penned those memorable words, “We hold these truths to be self-evident, …
Our Partnership with CarbonFund.org
We’re pleased to announce that we’ve recently partnered with CarbonFund.org. We believe that we all have a responsibility to care for the world we live in. While business activity can contribute negativity to the environment, we feel that businesses can also make positive and meaningful steps towards preserving our earth with their actions. With that in …
May 2020 Rental Market Update
Check out recent rental activity and trends for the Phoenix Metro area for May 2020… Closed Rental Units: 2,034 (15.37% increase year over year) Median Lease Rate: $1,600 (3.23% increase year over year) Average Lease Rate: $1,764 (3.34% increase year over year) Average Days on Market: 29 (16% increase year over year)
Creating Curb Appeal
Attracting and retaining reliable renters in your rental property can be a challenge. Many landlords put a lot of thought into layout, flooring, the right colors, lighting, and the list continues. While these are essential, it is equally vital to take time for landscaping, or in other words, curb appeal. Before a potential tenant steps …
Choosing the Rental Price for Your Property
You’ve invested in a rental property, and you’re looking for a worthwhile ROI. You want a rental price that will attract potential tenants, but also ensure you’re getting a fair rate and return on your investment. So, how do you find that sweet spot? Start with Comparative Market Analysis (CMA) In other words, how much …
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Making Memorial Day Memorable
Memorial Day – which is often referred to as the kick-off weekend for summer, has a much richer meaning than family fun. May 1868: General John Logan, decreed May 30 as a national day of commemoration for Americans killed in the civil war. May 1890: By this year, every state of the Union had adopted …
April 2020 Rental Market Update
Check out recent rental activity and trends for the Phoenix Metro area for April 2020… Closed Rental Units: 1,618 (2.08% increase year over year) Median Lease Rate: $1,600 (6.67% increase year over year) Average Lease Rate: $1,751 (2.94% increase year over year) Average Days on Market: 24 (4.5% increase year over year)
