3 Key Takeaways from Real Property Management on Fox News

Let’s face it, we’ve seen some scary times over the last decade, with the housing crisis and mass job losses. During that same time, the Real Property management franchise system has seen significant growth in career availability and company growth. Due to the housing crisis, the rental market skyrocketed, creating rental property income and jobs. Fox News reports that job growth within franchises will grow at rates outpacing the economy--over 3% in 2016.

Lukas Krause, Chief Operating Officer of the Real Property Management franchise organization spoke with Fox Business Network’s Cheryl Casone about the rental market, the growing jobs market within the franchise system, and what makes Real Property Management service so great.

Fox and Friends with Lukas Krause from Real Property Management on Vimeo.

3 Key Takeaways from Real Property Management on Fox News

National Brand

• We're the largest property management company in the country with over 25 years of experience and over 270 locations across the US. You can rest assured that your rental property will be taken care of even when you live out of state or out of the country.
• Whether you are a tenant in search of a home, or a property owner seeking assistance with your rental property, your local Real Property Management office is there.
• We are the nation’s trusted leader, recognized by leading reputable sources.

Rely on the Professionals

• We take the headaches away that come with owning and managing rental properties.
• Protect your investment, save time and money.
• Enhance your quality of life by using a professional property manager.

We Do it All

• Advertising, showings, tenant screening, leasing, rent collection, evicting, repairs, maintenance, inspections, compliance, and much more!
• On-going communication and financial management using your secure online account lets you stay in control of your property and have peace of mind.

Phoenix Rental Market Data 2013-2015

On September 21, 2015, we took a look at  5 cities in the Greater Phoenix Area and their important rental market numbers. We focused on the rental homes that rented between January and August and broke down the resulting rental price data by year for the years 2013-2015.

The cities and abbreviations we used were as follows:

Scottsdale (SCD)

Phoenix (PHX)

Peoria (PEO)

Avondale (AVD)

Buckeye (BUK)

The rental property data that we looked  at focused on closed, unfurnished rental properties and was taken from the Arizona MLS.

Today we will update the data with the last quarter from each year included.

We will present three charts. The first chart shows raw rental price per square foot in each city. 

The high rent area per sq. foot is in Scottsdale where the rent is close to double the rent per sq. foot in Buckeye. All cities show an increase in rent price.

The next chart shows rental property inventory.

This chart shows the decrease in rental market inventory over the last three years. It also shows that the number of properties in Phoenix for rent is greater than all of the other markets combined.

The final Chart shows the increase in rent price/decrease inventory as a percentage

This one shows a pretty consistent rental market price gain in all of the cities we looked at except for Scottsdale which remained relatively flat. The updated numbers show Avondale as have the largest percentage rent increase and rental inventory drop from 2013-2015.

Roseview, Surprise and Surprise Rental Market Data 2013 to 2015

On September 14, 2015, we took a look at Surprise and the Roseview Subdivision in Surprise 2013-2015 rental market data from January up to the end of August.

This week, we will look at updated data in these areas with the last 4 months of 2015 included. We will now compare the full year rental market data from 2013-2015 in Roseview, Surprise  and Surprise, AZ.

Roseview is a Surprise, AZ subdivision located east of Dysart Rd., west of 135th Ave, south of Greenway Rd. and north of Waddell Rd.

The neighboring subdivisions of Rosewood are Litchfield Manor to the west, Surprise Point to the south and West Point Town Center to the North.

All figures are taken from closed rental data from the MLS from 2013-2015.

We will focus on the rental homes listed on the Arizona MLS and break down the resulting rental data by year.

The rental property data we look at from Surprise, AZ and Roseview focuses on closed, unfurnished rental properties.

The rental market numbers in Surprise and Rosewood shown in this study show positive signs for owners as detailed below.

Overall, average rental property prices in both Surprise and Roseview have increased during this
2013-2015 time period.

The average rental home price gains in Surprise, AZ and the Roseview subdivision are about 8% over these three years.

Rental property inventory has decreased in both spots as well.

The main difference from the Jan-August numbers to the full years numbers was in this area with a slight decline from the previous figs.

The rental property inventory decrease from 2013 to 2015 for properties in Surprise, AZ listed on the ARMLS was 33%. In Roseview, Surprise the rental property inventory decrease was 51%.

Fletcher Heights and Peoria Rental Market Data 2013-2015

On September 8, 2015, we took a look at Peoria and  Fletcher Heights 2013-2015 rental market data from January up to the end of August.

This week, we will look at updated data with the last 4 months of 2015 included. We will now compare the full year market data from 2013-2015 in Fletcher Heights and Peoria, AZ.

Fletcher Heights is a subdivision located roughly north and south of Deer Valley Road and east and west of 83rd avenue.

All figures are taken from closed rental data from the MLS from 2013-2015.

We will focus on the rental homes listed on the Arizona MLS and break down the resulting rental data by year.

The rental property data we look at from Peoria and Fletcher Heights focuses on closed, unfurnished rental properties.

The rental home prices in Peoria and Fletcher Heights shown in this study show good gains as detailed below.  The inventory in both comparisons also shows a significant decrease.

Overall, average rental property prices in both Peoria and Fletcher Heights have increased during this 2013-2015 time period.

The average rental home price gains in Peoria, AZ is about 6.5% in these three years. In Fletcher Heights, the increase in rent in this time frame has been 9.3%.

Rental property inventory on Peoria is down 31% from 2013 to 2015 and rental inventory down 21% in Fletcher Heights.

The last four months of data from 2015 strengthened the gain in rent and increased the inventory drop more than the first eight months of 2015.