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

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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

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Renter's vs Homeowner's Insurance - Phoenix Property Management

Both types of insurance are extremely important so here we will break down the similarities and differences between the two:

Similarities:

1.Both offer coverage of personal belongings in cases of fire, theft & natural disaster 

2.Both offer liability coverage meaning that you have protection against lawsuits from damage caused to a third-party such as a visitor.

3.Both offer supplementary living arrangements so should your home become uninhabitable the insurance pays for living expenses such as food, accommodation and travel.

Differences:

The only significant difference between renter’s insurance and homeowner’s insurance is that structural features such as walls, fixtures and plumbing are the responsibility of the homeowner. Renter’s insurance only covers the rental liability and their personal belongings.  

It is important that both tenants and landlords read policies in full to be sure they have the best coverage for their needs.

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

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How to avoid melting in the Phoenix Summer Heat!

Phoenix has officially hit triple digits so summer is here!  Here are some tips on beating the heat:

1. Invest in a Yeti mug (or something similar) - they have ones as big as 64 oz and it will keep your water cool all day long!

2. Buy black out curtains for windows in your home that receive direct sunlight - you'll be amazed at your AC savings!

3. Make sure to take pets out only early in the am or early evening once the sun has gone down - be sure to bring water with you for both you and your pet!

4. Plan a quick COOL weekend getaway over the summer - just a few days of relief can really help you get through the summer heat!

5. Check your tires and wipers: Check your wipers as well as your tires this month. It is typical for Phoenix to have summer monsoons and rubber dry rots in desert climates. Tires are more prone to crack and leak long before you wear out the tread. Plus, you don’t want to get caught in a sudden downpour and find that your wipers are crumbled strips flailing and scraping on your windshield. *Make sure your engine coolant and water levels are correct for the season too! *

Be sure to use plenty of sunscreen and visit the link below to find the best swimming pools in the valley!

Swimming pools in Phoenix

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

Follow @rpmwvphoenix