Wednesday, 8 November 2017

Avondale, AZ and Coldwater Springs Subdivision Rental Prices and Rental Data 2013-2017

Over the last 5 years (2013-2017), property rental prices in Avondale and Coldwater Springs have shown a nice increase. Also, Avondale rental property and Coldwater Springs rental property inventories have decreased substantially from 2013-2017.


Coldwater Springs is a subdivision that is roughly located south of I-10 and north of Lower Buckeye Road. Coldwater Springs is east of the Agua Fria River Rd. and west of Avondale Road. 

The numbers that follow compare full year rental property market data from 2013-2017 in Coldwater Springs and Avondale, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 10-30-2017. 

All figures are taken from closed Coldwater Springs and Avondale, AZ rental property data from the MLS from 2013-2017 and only include unfurnished single-family home rental properties.









The above charts show good growth for rental home prices in Coldwater Springs and Avondale, AZ from 2013-2017. The inventory in both comparisons also shows a significant decrease.

The rental home price average in Avondale, AZ has a 27% increase in these five years. In Coldwater Springs, the increase in rent in this time frame has been a bit less at 21%.

Rental property inventory on MLS in Avondale, AZ in 2017 is only 42% of 2013’s rental inventory. Coldwater Springs rental property inventory in 2017 is also at 42% of the 2013 rental inventory. 

It is interesting to note in this time frame, the 27% increase in Avondale, AZ is over 4 times greater than Consumer Price Index (6%). 

Wednesday, 1 November 2017

Glendale, AZ and Arrowhead Ranch Subdivision Rental Prices and Data - 2013 to 2017

Over the last 5 years (2013-2017), property rental prices in Glendale and Arrowhead Ranch have shown a significant increase. Also, Glendale rental property and Arrowhead Ranch rental property inventories have decreased substantially from 2013-2017.























The Arrowhead Ranch subdivision is located North of Union Hills & South of Deer Valley as well as West of 59th Ave & east of 79th Ave

The numbers that follow compare full year rental property market data from 2013-2017 in Arrowhead Ranch and Glendale, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 10-30-2017. 

All figures are taken from closed Arrowhead Ranch and Glendale, AZ rental property data from the MLS from 2013-2017 and only include unfurnished single-family home rental properties.












The above charts show good growth for rental home prices in Arrowhead Ranch and
Glendale, AZ from 2013-2017. The inventory in both comparisons also shows a significant decrease.

The rental home price average in Glendale, AZ has a substantial 49% in these five years. In Arrowhead Ranch, the increase in rent in this time frame has been a more modest 16%.

Rental property inventory in Glendale, AZ in 2017 is only 46% of 2013’s rental inventory. Arrowhead Ranch’s number of closed listings in 2017 is 43% of the 2013 closed listings.

It is interesting to note in this time frame, the 49% increase in Glendale, AZ is over 8 times greater than Consumer Price Index (6%). 



Monday, 23 October 2017

Phoenix Property Management - Case Study Rental Statistics Peoria, AZ


Saturday, 21 October 2017

Top 10 Rental Property Subdivisions In Peoria - YTD 2017

RPM West Valley analyzed rental property statistics in the 67 main subdivisions in Peoria, AZ. We identified the top 10 rental property areas in Peoria, AZ for rent closing volume and rent price.

Although we found great balance within this city from a rental property numbers standpoint, there were 10 subdivisions that had double digit rental property closings in 2017. The numbers that follow are the rental property subdivisions and the number of properties that rented within them Year To Date for 2017:

Peoria, AZ - number of closed Rental property transactions for 2017 = 733

Vistancia – 52
Fletcher Heights – 44
West Wing Mountain – 31
Sonoran Mountain Ranch- 24
Dove Valley Ranch- 22
Terramar- 20
Casa Del Rey-  17
Country Meadows- 14
Springer Ranch- 13
Parkridge- 10

The Top 10 Rental property markets in Peoria represent 34% of the closed Rental Property transactions in Peoria, AZ for 2017. The remainder was spread out among the other Peoria subdivisions.


Here is the closed rental property price list for YTD 2017 in the top 10 Peoria, AZ rental property subdivisions.

West Wing Mountain - $2046
Sonoran Mountain Ranch - $1772
Terramar - $1740
Vistancia - $1715
Fletcher Heights - $1546
Dove Valley Ranch - $1519
Parkridge- $1460
Casa Del Rey - $1386
Springer Ranch - $1215
Country Meadows - $1038




Friday, 13 October 2017

Surprise, AZ and Greer Ranch Subdivision Rental Prices and Data - 2013 to 2017

Over the last 5 years (2013-2017), property rental prices in Surprise and Greer Ranch have shown a significant increase. Also, Surprise rental property and Greer Ranch rental property inventories have decreased substantially from 2013-2017.


Greer Ranch is a subdivision is located south of Grand Avenue and 83rd avenue. It is east of Reems Rd. and west of Sarival Ave. It is north of Peoria Ave and west of Cactus Rd. 

The adjacent Surprise subdivisions to Greer Ranch are Rancho Gabriela, Twelve Oaks Estates and Sycamore Farms. 

The numbers that follow compare full year rental property market data from 2013-2017 in Greer Ranch and Surprise, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 9-30-2017. 

All figures are taken from closed Surprise and Greer Ranch rental property data from the MLS from 2013-2017 and only include unfurnished single-family home rental properties











The above charts show good growth for rental home prices in Surprise and Greer Ranch from 2013-2017. The inventory in both comparisons also shows a significant decrease.

The rental home price average in Surprise, AZ has increased about 22% in these five years. In Greer Ranch, the increase in rent in this time frame has been 25%.

Rental property inventory in Surprise, AZ has decreased 40% from 2013 to 2017 and rental inventory is down 50% in the Greer Ranch subdivision.

It is interesting to note in this time frame, the 22% increase in Surprise, AZ rent prices has outperformed the Consumer Price Index (6%) by over 2 1/2 times


Friday, 6 October 2017

Peoria, AZ and Fletcher Heights Subdivision Rental Prices and Data - 2013 to 2017

Over the last 5 years (2013-2017), property rental prices in Peoria and Fletcher Heights have shown a significant increase. Also, Peoria rental property and Fletcher Heights rental property inventories have decreased substantially from 2013-2017.


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

The numbers that follow compare full year rental property market data from 2013-2017 in Fletcher Heights and Peoria, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 9-30-2017. 

All figures are taken from closed Peoria and Fletcher Heights rental data from the MLS from 2013-2017.

The rental property data we display in this Peoria and Fletcher Heights rental property study only include closed, unfurnished single-family home rental properties.



The above charts show good growth for rental home prices in Peoria and Fletcher Heights from 2013-2017. The inventory in both comparisons also shows a significant decrease.

Rental home price average in Peoria, AZ has increased about 16% in these five years. In Fletcher Heights, the increase in rent in this time frame has been 15%.

Rental property inventory in Peoria, AZ has decreased 38% from 2013 to 2017 and rental inventory is down 35% in the Fletcher Heights subdivision.

It is interesting to note in this time frame, the 16% increase in Peoria rent prices has outperformed the Consumer Price Index (6%) by over 2 1/2 times.

Tuesday, 26 September 2017

Phoenix Property Management - Phoenix Property Managers Remind Owners and Tenants to Prepare Your Property for Fall



As the cooler weather approaches, it’s time to perform some property maintenance to ensure your Phoenix investment property is as prepared for the change in weather as you are. Your Phoenix property management team has a few tips to help you through this seasonal maintenance.

Seasonal Maintenance Tips from the Leading Phoenix Property Management Company


With summer winding down quickly, we recommend some basic services to protect the home and prepare it for colder winter air:
1.     Avoid expensive repairs by cleaning or replace AC filters & remove build up on fans.
2.     Step outside for a breath of fresh air … and enjoy the fall landscaping. Fertilization, pruning, and any other lawn care services (such as sprinkler line maintenance) should be completed to keep up the curb appeal of your home.
3.     Start thinking about any major pool maintenance that may need to be done such as an acid wash or a re-plastering as these items need to be done away from the summer heat.
4.     Got a fireplace? Time for a chimney sweep! Get it in clean working order so tenants can be comfortable and your property safe all season long.

Phoenix Property Managers Are Not Alone in Maintenance Responsibilities!

As a "do it yourself" Phoenix Landlord you do have obligations to keep the property well-maintained; your tenants do as well. Here are a few seasonal items they are responsible for:
1.     Take care of any safety hazards. Any items that pose an accident such as bulky carpets or loose hand railings should be fixed.
2.     Check electrical sockets in use to ensure they are not warm to the touch.
3.     Inspect fire extinguishers to confirm they are properly charged.
4.     Check any alarms throughout the home and install fresh batteries.
5.     Review household safety and emergency plans; locate gas and water shut off valves.
6.     Clean/replace filters and vents as needed and vacuum under all appliances.
7.     Change furnace filters on a monthly basis.
8.     Ensure all doors and windows shut tightly.
9.     Clean all drains and traps to ensure proper drainage.
10.  Tidy up outside by storing hoses and similar items.

As a Phoenix property management company, we work with tenants to get your investment property ready for any season. It is a priority to help you keep your home and tenants protected by performing seasonal maintenance duties. If you are not up to performing maintenance on your own, contact the leading Phoenix property managers to assist you!

For all Phoenix Real Estate & Phoenix Property Management Needs Contact;
RPMWV Phx
623-748-7800
info@rpmwvphx.com
www.rpmwvphx.com


Thursday, 21 September 2017

Phoenix Property Manager - Questions for your Rental Verification Form


On this latest podcast we discuss what questions to ask a current or previous landlord when screening potential new tenants.  Of course our free tip is discussed at the end of the show!







For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
RPMWV Phx
www.rpmwvphx.com
info@rpmwvphx.com
623-748-7800

Friday, 15 September 2017

Phoenix Property Management - 2017 American Renters Survey






In spring of 2017, Buildium (a property management software) conducted an in-depth survey of 1,166 renters in the United States. Below we cover the top 5 items that their survey indicated.

1. Many tenants still have pets so not allowing pets in your rental really decreases your potential applicant pool.  Of the 1166 renters they surveyed, 32% have dogs, 30% have cats and 10% have some other kind of pet so overall 72% of their renters have a pet.

2. Single family homes are still renters number one choice!  35% of the renters they surveyed rented a single family home versus 12% renting a multi family home with 11-25 units.  This again validates our point that single family homes are a much better investment purchase than town homes or condos.

3. According to the 1166 renters they surveyed, most  will only tolerate a rent increase of 1-5% every 1-3 years, while nearly one-third feel a rent increase is never reasonable.  We encourage our property owners to make the 12 month renewal option always the most appealing to the tenant with the smallest increase.  Also, we do not recommend increases every year as it can definitely cause your tenant to vacate.

4. Top two items a renter uses when deciding where to rent??  Neighborhood and price so unfortunately this means that even if your property is in the best area renters are still very price sensitive.  Also, keep in mind that only high risk tenants will agree to pay over market rent so the closer to market or slightly below market rent you set your price the better qualified tenant you will place.

5. Lastly, 24% of renters are saving to buy property, while 27% have owned property in the past.


To view the entire report please visit: Buildium

For all of your Phoenix Real Estate & Phoenix Property Management needs:
RPMWV Phoenix
www.rpmwvphx.com
info@rpmwvphx.com
855 748 7841


Friday, 8 September 2017

Phoenix Property Management - 4 Top Reasons To Put Rock In The Backyard Of Your Phoenix Rental Home


In Phoenix many of the track homes that have now become a lot of the rental properties did not come with landscaped back yards.  Most of the builders included front yard minimal landscaping but the back yard was left up to the buyer.  As property manager's we get asked a lot what should we do with the dirt back yard and our answer always is to install desert rock!  Desert rock is a great option because there is no maintenance except weed removal and besides the need to add additional rock many years later the only cost is the initial installation.  Here are the top 4 reasons why putting rock in your Phoenix rental home is a great idea:

1. Rock helps to better maintain the exterior of the property.  When the yard is just dirt and there is a storm the dirt blows up landing on the exterior of the home causing it to look dirty and need new paint sooner.

2. Rock back yards are much more attractive to renters than dirt especially if the renters have kids of pets because the rock allows for the back yard to be usable.  Additionally, the rock will help to reduce the dirt/dust that comes into the home.

3. Rock will definitely reduce the weed growth when compared to dirt making the back yard look nicer.

4. When you decide to sell the property the rock will make the property look more attractive to buyers.


Also, we always suggest using the larger rock such as 1" if possible as it tends to look better over time as the rock starts to thin.  Also, the rock in the back doesn't necessarily need to match the front so don't be concerned if you can't find the front yard rock any longer.  One more tip; do not install plants and bushes in the back yard as they need a lot of care when first installed and tenant's are notoriously not good with yard care so save your money!

For all of your Phoenix Property Management & Phoenix Real Estate Needs contact:
RPMWV Phoenix
855 748 7841
rpmwvphx.com
info@rpmwvphx.com


Tuesday, 29 August 2017

Labor Day Celebration Suggestions Phoenix, AZ




So in most places Labor Day is the sign of summer coming to an end and the retirement of bathing suits until the next year. Phoenix however is the exception considering that we'll be suffering through summertime temps long after the rest of the U.S.!  However, the annual observance of Labor Day does serve as a milestone of sorts, as it's usually the end point for a number of local pool party series and other summer events.  It's also a three-day weekend, which, anyone can attest is the best kind of weekend around!  We have compiled a list of the 5 best activities to consider to celebrate the long weekend.

1. Enjoy a staycation as several Phoenix hotels are offering deals through out the weekend. For example the Scottsdale Princess is offering Sip, Savor & Celebrate starting at $229/night and includes a $50 resort credit.

2. Attend a pool party!  Check out the W Scottsdale Hotel which is offering pool parties through out the weekend! In addition to a mix of high-end cocktails and high-style amenities, DJs will fill the air with beats at various points throughout the weekend.

3. Tryout a full moon kayak! Attendees will paddle illuminated kayaks from the starting point at Go Paddle AZ, 8708 West Harbor Boulevard in Peoria, to Honeymoon Cove.  

4. Take in a Phoenix Mercury game at Talking Stick.  They are playing the Atlanta Dream on Sept 3rd.

5. Or for something totally different go play Naughty of Nice Bingo on Monday at 9:30 PM at Kobalt.


Whatever your plans include be sure that you leave ample time to recover on Monday since it's back to school & work for everyone on Tuesday!


For all of your Phoenix Property Management & Phoenix Real Estate Needs contact:
RPMWV Phx
855-748-7841
info@rpmwvphx.com
rpmwvphx.com

Friday, 18 August 2017

Phoenix Property Management Podcast - "Must Haves" On Your Phoenix Rental Home Application

Tune in to our latest podcast where we provide an overview of what to ask for on your Phoenix Rental Home Application


Wednesday, 16 August 2017

Phoenix Property Management - Top 3 Reasons Why Your Phoenix Investment Property Shouldn't Have A Pool






To buy a Phoenix rental property with or without a pool  is the question....and a question we get a lot as Phoenix Property Managers!  We suggest whenever possible to purchase without a pool and here are the top three reasons why:

1. A pool and pool equipment are another thing that can break and/or need repairs at your Phoenix rental home and unfortunately the repairs are usually not cheap.  Additionally, as a landlord you will want to pay for regular pool service because leaving it up to the tenant can lead to more repairs and expense.

2. It is another legal liability.  Even if you have your tenants sign  a disclaimer about pool and pool fence liability the reality is that if something goes wrong everyone sues everyone! Also, as the home owner you are most likely to be the one in the equation who has assets thereby making you an easy target for a law suit.

3. You will need to become familiar with Arizona Pool fence laws.  Most likely your pool will need some  kind of modification  whether it be installing a removable pool fence or self closing doors.  Click here for an overview of the Arizona Department of Health & Safety pool fence rules.  

If the Phoenix rental property you fall in love with happens to have a pool there are some upsides.  In the summer time your property will rent faster than comparably properties without a pool.  Additionally, you can anticipate about $100 more a month in rent pool versus no pool.  Also, consider titling your property into an LLC for additional liability coverage.

For all of your Phoenix property management and Phoenix real estate needs contact RPMWV Phx
855 748 7841
rpmwvphx.com
info@rpmwvphx.com

Thursday, 10 August 2017

Phoenix Property Management - Top 5 Ways To Minimize Weed Growth!



A few weeks ago we discussed the best way to prepare for the monsoon season the next step is to figure out how to control all of the weeds that have grown due to the rain! Below we outline the five best way to control weeds at your Phoenix rental home:

1. Spray a good quality pre-emergent every 6 months.  Although the pre-emergent won't remove the weeds that are there, it will definitely help to keep new weeds from sprouting. We recommend spraying in September and May.

2. Be sure your sprinkler heads are only watering your plants and bushes.  Additionally, if you have a plant or bush die remove or cap the sprinkler that was providing that bush water so that you don't get weeds in place of the bush.  Also, be sure that your sprinklers are spraying an area close to live bushes as any water outside of the bush can bring about unwanted weeds.

3. Make sure to pull your weeds!  Although this one may sound silly; often times people just spray a weed killer and then leave the unsightly dead weeds.  The better option is to remove the weeds and then spray a pre-emergent.

4. Use mulch in your garden/bushes/trees to reduce weed growth.

5. Replace dirt yards with rock and be sure to properly prepare your yard for the rock prior to installation using a weed barrier as well as tarp.

Unfortunately weeds are a big issue in Phoenix from March to October so it is best to be preventative and stay on top of the issue before weed growth is out of control!

For all of your Phoenix Real Estate & Phoenix Property Management Needs contact RPMWV Phx
1-855-748-7841
rpmwvphx.com
info@rpmwvphx.com

Thursday, 3 August 2017

Phoenix Property Management - June 2017 Rent Statistics Check


With the May 2017 numbers we saw a drop in Phoenix rented properties over 2016 however in June we interestingly see an increase....Using numbers from ARMLS the Arizona Regional Multiple Listing Service, June Phoenix leased homes were 2461 as opposed to the same time period in 2016 in which 2382 homes leased.  The median lease price for the respective same time periods was $1395 in 2017 and $1375 in 2016. The average leased price saw a little bit of an increase year over year but again not the degree that some sources such as Zillow and Truilia have been indicating. The 2016 average lease amount was $1568 in contrast to 2017 in which the average was $1577. The average days on market were very similar year after year with 26 in 2016 and 28 in 2017.  Finally, the rent quotient was the same at three rental transactions for every ten sales transactions.  

These numbers do help to provide quite a bit of useful information for the Phoenix Real Estate Investor.  For example, the continuation of the increasing rental prices in Phoenix is very much real however it isn't as large as a lot of online free sites such as Zillow and Truilia suggest.  The demand for Phoenix rental properties is still very much alive which means investing in a Phoenix rental home may be a very good place to park some cash right now.

For all of your Phoenix Real Estate & Phoenix Property Management needs contact RPMWV Phx 
info@rpmwvphx.com
855 748 7841
rpmwvphx.com


Wednesday, 26 July 2017

Phoenix Property Management - Three Tips for a successful Phoenix Move!



No matter how you look at it, moving is stressful! Packing, changing routines and uprooting your household is a surefire recipe for stress no matter who you are.  However, adding pets and children into the equation can amp up the stress even more! Here we provide tips for the three steps of a move; preparation, moving day and post move.

Preparation:
The best way to prepare your children is to talk about the move and have them assist with the prep work.  Let them decide on things like paint color for their new room.  If possible, take them to things such as restaurants, shops and schools near the new property and help them visualize what new memories will be like at the new home.  As much as possible try to engage your kids in the packing process so that if you have to pare down their items they assist with the decision making.  Be sure to pack a few of their favorite items either in the car or at the top of a box specially marked so they can have them at the new home right away.

Moving Day:
Expect moving day to be hectic, and do everything you can to alleviate that stress. If you can, have a friend take your pet for the day so that you don’t have to worry about them getting out while moving things into the new place.  Also, maybe see if your kids can do a play day with friends so that they don't have to experience the stress and pressure with the actual move.

Post-Move Tips:
Try to unpack all boxes as quickly as possible so that the property starts to feel like a home quickly.  Return your pets to their normal eating and walk schedule right away.  Also, be sure your kids have their favorite toys. Getting back to routine provides security and comfort to little ones (with both two and four feet!) in the midst of change.



For all of your Phoenix property management & Phoenix Real Estate needs contact RPMWV Phx 623-748-7800; info@rpmwvphx.com; www.rpmwvphx.com

Wednesday, 19 July 2017

Phoenix Property Management - Top 3 Things to Prep Your Phoenix Rental Home For Monsoon Season!


It's certainly that time again when the Phoenix skies begin to cover with clouds in the afternoon and before you know it the thunder is deafening and the lightening is blinding....what we Phoenician's call Monsoon Season!  During this season traffic becomes a mess as the dark clouds roll in and getting out of your car makes you look like a drowned rat BUT let's not forget what these nasty storms can do to your Phoenix home.  As a result we have put together the top three things that can be done to prep your Phoenix rental home for monsoon season.

1. Have your roof thoroughly inspected by a professional roofer who can advise of broken roof tiles and leaks.  Have any repairs completed on your roof by end of May before the monsoon season starts.

2. Hire a professional landscaper at the beginning of June to remove all branches from near the property and to remove any trees that could potentially hit the property if struck by lightening.  Additionally, stake down any young trees that could be uprooted by the storm.

3. Check drainage around the entire property.  Have you ever noticed when it rains there are pools of water in the yard?  If so, be sure to get those evaluated as you may need to have your grounds leveled to avoid possible flooding.

In summary, monsoon season can be a very dangerous and expensive time in Phoenix so it is best to prepare your Phoenix rental home prior to the beginning of the storms.

For all of Phoenix Property Management & Real Estate needs contact: 
RPMWV Phx 623-748-7800 * info@rpmwvphx.com * www.rpmwvphx.com

Wednesday, 12 July 2017

Phoenix Property Management Advertising your Phoenix Rental Home


Enjoy our latest podcast which discuss the best items to highlight in the advertisement for your Phoenix Rental Property.  Tip regarding bedroom count is provided at the end!



Wednesday, 28 June 2017

Phoenix Property Management - Rent Statistic Check




How hot is the Phoenix Real Estate market???  Well, perhaps not quite as hot as you think....at least on the rental market side.  The basis for our investigation is Rent check which is the publication issued by ARMLS using transactions that were listed on the Multiple Listing System (MLS).  More specifically we are going to look at rental comparisons from May 2016 to May 2017.  

2,290 total units rented in May of 2016 with an average lease amount of $1505; median lease price of $1340 and an average days on the market of 26.  In comparison; 2,082 total units rented in May of 2017 with an average lease amount of $1153; median lease of $1383 and an average days on the market of 27.  These numbers indicate that on average rental prices have increased about $50.00 from 2016 - 2017 which is a nice increase but not the $100's of dollars that some sources may have you thinking.  Also, properties that are listed over market rental price are still sitting as well as properties that do not show their best.  

In conclusion, to place qualified tenants in a timely manner the best option is to use a Phoenix Real Estate professional who can correctly assess rental rates based on occupied rental homes in your area and who can assist with prepping your property for the market.

For all of your Phoenix Real Estate& Phoenix Property Management needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800

Monday, 19 June 2017

Phoenix Property Management - Union Hills Manor, Phoenix





In our latest podcast we provide an indepth anaylsis of the Phoenix rental ranges for Union Hills Manor Phoenix and why such sites as Zillow & Trulia list rental ranges that are so far from the actual rental amount.


For all of your Phoenix Real Estate& Phoenix Property Management needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800