Monday, 5 November 2018

Phoenix Property Management Podcast Multi-Family Phoenix



Listen to our latest podcast about items to look for when considering a Multi-Family unit purchase.  Discussion of Phoenix Property Management challenges at the end.



For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:

Real Property Management Phoenix (WV)

www.rpmwvphx.com
602-358-8130
info@rpmwvphx.com 

Monday, 22 October 2018

Unauthorized Occupants & Pets



As the owner of single-family rental home in the Phoenix area, you will often find it difficult to gauge how well your residents are upholding each of the terms of their lease. You may have even carefully spelled out the terms in clear language in the lease but several aspects of lease enforcement can be more trouble than others. One of these is the issue of occupancy and pets. Upon, application for the home and lease signing, you probably asked your tenant to provide information about everyone who would be occupying the home, including minors and pets being brought into the home. By clarifying who will live in the home, you’ve taken steps to protect yourself and your investment.
Often times after your tenant moves in, however, you may find it can be difficult to determine whether the occupancy terms are being followed or you find an unauthorized pet.  Occupants of single-family rental homes often invite overnight guests or others to the home and they may bring a pet along with them. But problems can arise when those guests stay for an extended period, or when someone visits with such frequency (such as a babysitter or older adult children) that they appear to be living within the home well as well as their pet. In other cases, residents may be subletting rooms in the property without permission from the landlord.
While accusing your residents of violating lease terms may cause some friction at that moment often times the situation can quickly remedied by the new occupant completing an application so that a proper determination can be made about their occupancy or getting a completed pet addendum and deposit on file. If you suspect an occupancy or pet violation, gather as much information as you can and then take appropriate action with your tenant. If unauthorized people or pets are living in the home, this can put you at risk of increased liability for damages as you have no record of the unauthorized occupants past housing history and / or you may not have a signed pet addendum or deposit on file for damages caused by the unauthorized pet. Allowing unauthorized pets to remain on the property carries risks of increased wear and tear, as well as damage to the property.  
Hiring a reputable property management company such as RPM West Valley Phoenix to help solve this problem. As an experienced property manager RPM WV Phx can help you avoid the murky terrain of occupancy and pet violations in several ways. First, we will include appropriate language in the lease itself for both occupancy and pets. RPM WV Phoenix will properly screen potential renters, checking carefully for red flags and past violations. RPM WV Phoenix will perform property evaluations, gathering information that can identify any contract violations. Finally, we will help you resolve the issue in the event of a violation, giving you peace of mind about your valuable real estate investment.

For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix (WV)
www.rpmwvphx.com
602-358-8130
info@rpmwvphx.com 

Monday, 8 October 2018

Real Property Management Phoenix (WV) Discusses A Little About Arrowhead Ranch, Glendale AZ; Rental Figures for 85308

Real Property Management Phoenix (WV) studied the 85308, Glendale AZ zip code as well as the Arrowhead Ranch, Glendale AZ Rental statistics.

Arrowhead Ranch, Glendale AZ has a population of approximately 85,000. It is located north of union hills, west of 51st Ave, east of the 101 freeway and south of Deer Valley. It is a neighborhood within the 85308, Glendale subdivision.

All of Real Property Management Phoenix (WV) rental market figures for the 85308 zip code as well as the 85308 Glendale AZ zip code were taken from closed rental data from the Arizona MLS from 2015-2018 (Year to Date).

Below is the data compiled by Real Property Management Phoenix (WV); overall the Arrowhead Ranch area average rent has been higher than the 85308 zip code in its' entirety. However the average rental price increase from 2015 - 2018 for the zip code of 85308 was 16% as compared to the average increase for the same time period for Arrowhead Ranch of about 10%. The average days on market is substantially lower in the Arrowhead Ranch area year to date for 2018.





A little about Arrowhead Ranch, Glendale, Arizona... 

  • Arrowhead Ranch has almost the same number of males as females with 41,124 males and 42,931 females
  • 53.5% of the population is married
  • Total household expenditures in Arrowhead Ranch are above the average
  • The median age of the current population is 38.40


For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix (WV)
www.rpmwvphx.com
602-358-8130
info@rpmwvphx.com 

Listen to our latest podcast with a further review of the above and to hear our listener question and answer.

Monday, 24 September 2018

Real Property Management Phoenix (WV) Top 5 Surprise Subdivision for Rental Properties

Real Property Management Phoenix (WV) analyzed single family rental property statistics in the 27 main subdivisions in Surprise AZ utilizing the MLS (Multiple Listing System). We identified the top 5 rental property subdivisions in Surprise, AZ for rent closing volume.

We found great balance within this city from a rental property numbers standpoint and there are several subdivisions with double digit rental numbers.  The data below is for the top 5 subdivisions looking at rental property closings year to date in 2018.

Surprise, AZ - number of closed single family rental property transactions for year to date 2018 = 676.

Surprise Farms – 74
Sierra Montana – 53
Rancho Gabriela - 46
Mountain Vista – 43
Bell West Ranch - 25

The top 5 rental property markets in Surprise represent 36% of the closed rental property transactions in Surprise, AZ for year to date 2018. The remainder was spread out among the other Surprise subdivisions.


Here is the closed rental property price for the top 5 Surprise, AZ rental property subdivisions year to date 2018:

Surprise Farms – $1401.00
Sierra Montana – $1413.00
Rancho Gabriela - $1416.00
Mountain Vista – $1643.00
Bell West Ranch - $1478.00



For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix (WV)
www.rpmwvphx.com
info@rpmwvphx.com 

602-358-8130


Monday, 10 September 2018

Phoenix property management newest podcast - how to successfully change phoenix property management companies




On this month's podcast we discuss how and when to change or bring on a new property management company.  Our slide show presentation also provides a list of items that you will need for a successful change.



For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix (WV)
www.rpmwvphx.com
info@rpmwvphx.com 

602-358-8130

Monday, 27 August 2018

Real Property Management Phoenix (WV) Discusses A Little About Peoria; Rental Figures for 85381

Real Property Management Phoenix (WV) studied the 85381, Peoria AZ zip code as well as the entire City of Peoria Rental statistics.

Peoria is located about 30 minutes northwest of downtown Phoenix. It is home of Lake Pleasant and is  a rapidly-growing, modern city that offers a high quality of living. The 85381 zip code boundaries are located to the west of 67th Avenue, east of 95th Avenue and  North of Cactus and East of Greenway.

All of Real Property Management Phoenix (WV) rental market figures for the 85381 zip code as well as the City of Peoria were taken from closed rental data from the Arizona MLS from 2015-2018 (Year to Date).

Below is the data compiled by Real Property Management (WV); the City of Peoria appears to be a close match in numbers to the 85381 zip code.



Year
Location
# of Props
Avg. Rent
Avg. DOM
2015
Peoria
1071
$1,295
27
2016
Peoria
871
$1,350
24
2017
Peoria
887
$1,400
25
2018
Peoria
535
$1,495
24
Year
Location
# of Props
Avg. Rent
Avg. DOM
2015
85381
115
$1,290
24
2016
85381
85
$1,350
21
2017
85381
98
$1,375
22
2018
85381
44
$1,445
18
                                                


Reviewing the data from Real Property Management Phoenix (WV); the average rental price increase from 2015 - 2018 for the zip code of 85381 was 12% as compared to the average increase for the same time period for the City of Peoria was about 15% which is quite a bit more. The average days on market is lower in the zip code of 8581 at only 18 days versus 24 days in the rest of the City.  

In Real Property Management Phoenix (WV) conclusion is that the 85381 zip code is an excellent one for a rental properties.


A little about Peoria, Arizona... 

  • The City of Peoria's Population was approximate 164,173 in 2016 
  • Peoria is Ranked 7th on America’s Best Cities to Live per Yahoo Finance
  • Was voted #36 Healthiest US Cities to live in 2017

  • Peoria is home to Lake Pleasant Regional Park an oasis in the desert. The 23,000 acre park is home to two marinas and is a popular spot for boating, fishing, water skiing, kayaking, camping, and even scuba diving!

  • Lake Pleasant ranked which was the 6th Most Visited Natural Attraction in Arizona in 2017 



For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix (WV)
www.rpmwvphx.com
info@rpmwvphx.com 

602-358-8130

Monday, 13 August 2018

Manage My Home Recent Podcasts Discuss the Phoenix Rental Market in Avondale - Phoenix Property Management





Listen in to our latest podcast in which we compare the 85392 Avondale rental market to Crystal Gardens, Avondale.


For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix (WV)
www.rpmwvphx.com
info@rpmwvphx.com
602-358-8130