Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – March 2024 Typical Rent: $1,864 (1% increase year over year) Single Family: $2,289 (2.6% increase year over year) Multifamily: $1,617 (0% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – …
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Our partners at ShowMojo have just released their 2024 Q2 Market Update, outlining trends and challenges in the current rental market. In a nutshell, they describe “Longer market times, fewer leads, and more rent reductions.” We’ve included the key takeaways below, along with what’s working now… Market Times Continue to Go the Wrong Way …
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Summer will be here before we know it, with sunny days and warmer weather. As the heat rises, your rental property’s HVAC system must keep pace with escalating temperatures. As a landlord, you must keep your rental units “fit and habitable” for tenants. Even if warm temperatures don’t reach dangerous levels, tenants have the right …
A Mechanic’s lien legally guarantees that contractors, subcontractors, and suppliers get paid for their work. These liens can arise from any property improvement and cause major headaches if you don’t discharge them properly. An unresolved mechanic’s lien can prevent an owner from refinancing or selling his property and may even lead to foreclosure. What is …
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Every investment involves risk. However, low-risk investments allow the chance of a return with little risk of losing your initial investment. While potential profits are comparatively low, low-risk investments often require minimal financial outlay and usually perform as predicted. What strategies are considered low-risk in real estate investing? Here are three ideas to consider: Buy, …
Inflation is the rate at which the cost of goods and services increases over a year. This rate—swayed by increased money supplies, interest rates, rising wages, spending fluctuations, and tax deductions—reduces a dollar’s purchasing power. And the lower a dollar’s purchasing power becomes, the higher the costs of goods and services will be. Inflation rates …
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About United Food Bank United Food Bank has provided hunger relief since 1983. As a Feeding America member food bank, we collect, acquire, store, and distribute food to about 145 partner agencies and programs, serving over 1 million individuals annually in five counties. www.UnitedFoodBank.org About Rentals America Cares Rentals America Cares is the volunteer …
Purchasing property below market value is a popular way for investors to generate excellent returns. Unfortunately, finding such discounted properties has become increasingly difficult in recent years due to rising housing demand and increased prices. However, deals can still be found by investors who exercise patience and diligence to acquire the right property at the …
Here’s the latest rental activity and trends for the Phoenix Metro area for February 2024: Closed Rental Units: 2,269 (3.84%increase year over year) Median Lease Rate: $2,095 (0.0% increase year over year) Average Lease Rate: $2,237(2.40% decrease year over year) Average Days on Market: 47 (14.63% increase year over year)
A real estate joint venture is a business arrangement in which two or more parties pool their resources to invest in a property and divide the responsibilities and profit, hopefully illustrating the adage, “Two heads are better than one.” Joint ventures have become an increasingly popular approach for taking advantage of profitable real estate opportunities …
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