Tuesday 18 December 2018

Phoenix Property Management Podcast - Rental Success Process





Our end of the year podcast discusses our top four steps in the Phoenix Rental Success Process.  


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
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Friday 7 December 2018

Phoenix Property Management Podcast - Top 5 Rental Neighborhoods Laveen, AZ





Listen to Real Property Management Phoenix (WV)'s latest Phoenix property management podcast discussing the Laveen, AZ rental property market.

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

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Monday 19 November 2018

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

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

It should be noted that several Goodyear neighborhoods had double digit rental closings.  However, the data from Real Property Management Phoenix (WV) represents the top 5 subdivisions based on closed rental properties year to date.  

Goodyear, AZ - number of closed single family rental property transactions for year to date 2018 = 571.  Top 5 subdivisions break out as follows:

Palm Valley – 119
Estrella – 117
Canyon Trails - 93
Sarival Village – 45
Wildflower Ranch - 41

The top 5 rental property markets in Goodyear represent 73% of the closed rental property transactions in Goodyear, AZ for year to date 2018. This is in stark contrast to Surprise in which the top 5 neighborhoods only represented 36% of the total closed rental home volume.  The remainder was spread out among the other Goodyear neighborhoods.



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

Palm Valley – $1716.00
Estrella – $1634.00
Canyon Trails - $1369.00
Sarival Village – $1325.00
Wildflower Ranch - $1299.00

Please note that homes in Palm Valley and Estrella tend to be larger  home with such amenities as three car garages and pools which explains the higher average rental price.

Overall the Goodyear area is an excellent area for Phoenix rental properties.

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
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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 
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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 
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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.

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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


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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
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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
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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
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Sunday 12 August 2018

Real Property Management Phoenix (WV) Discusses the Avondale & Crystal Gardens Subdivision Rental Statistics 2015 - Present

Real Property Management Phoenix (WV) studied the 85392, Avondale AZ zip code as well as the Crystal Gardens Avondale sub division to compare rental statistics.

The 85392 zip code boundaries are located to the south of Indian School, east of Dysart, North of the Papago Frwy and West of 99th Ave. The Crystal Gardens subdivision is located north of McDowell, south of Thomas and west of 107th Ave.

 All of Real Property Management Phoenix (WV) rental market figures for the 85392 zip code as well as the Crystal Gardens, Avondale subdivision are taken from closed rental data from the Arizona MLS from 2015-2018.

 Below is the data compiled by Real Property Management (WV); the Crystal Gardens subdivision appears to be a close match in numbers to the 85392 zip code.





Reviewing the data from Real Property Management Phoenix (WV); the average rental price for the 85392 zip code increased 19% from 2015-2018 whereas Crystal Gardens increased 26% (a pretty hefty increase!). However the average days on market for the Crystal Gardens zip code has been a bit longer year over year than the 85392 overall average. 


Overall the 85392 zip code is a preferred rental zip code to the 85323 Avondale zip code because it is North of the I-10 freeway which runs directly in the middle of Avondale.

 A little about Avondale, Arizona... 
  • Avondale is located about 17 miles west of Central Phoenix.
  • Avondale has a total area of 41.3 square miles according to the US Census Bureau.
  • The majority of Avondale residents are married with at least a high school diploma.
  • Avondale has ten elementary/middle schools, four high schools, and one community college within the city limits.
  • Phoenix International Raceway (PIR) which seats 67,000 people and hosts two Nascar events each year is located in Avondale.
  • Avondale ranked #5 in the US on the list of "Top 101 cities with the largest population increase from 2000 to 2006 (population 50,000+)".
  • If you are an avid golfer, Coldwater Golf Club offers a challenging 18 holes of Championship golf. Coldwater was voted "Best Course to Play on a Budget"? by the Arizona Republic.
  • Avondale is a rapidly expanding suburb in the Phoenix area that offers beautiful mountain views and is perfect for the outdoor lifestyle.
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
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Monday 30 July 2018

Real Property Management Phoenix (WV) Discusses Rental Figures in Anthem from 2015 - Present

Real Property Management Phoenix (WV) studied the rental property market data from 2015-Present for Anthem, Arizona.

 All of Real Property Management Phoenix (WV) rental market figures for Anthem were taken from closed rental data from the Arizona Multiple Listing System from 2015-Present.

Below is the summary chart created by Real Property Management Phoenix (WV):





What we see is that the average rental home price gain from 2015 to present in the Anthem area is a healthy 14% with the largest increase from 2017 to present.

Additionally the average days on market has fallen as well as the number of available properties (keeping in mind that the 142 number is only through July of 2018).

Overall, given the average market rent and the desirability; the Anthem area is a great place to own a Phoenix rental home.

A little about Anthem, Arizona... 

  • Anthem, AZ is a planned community located about 31 miles Northeast of Central Phoenix.
  • Phoenix Magazine has voted Anthem, AZ as one of the best places to live in Arizona.
  • While currently located in unincorporated Phoenix, the City of Phoenix General Plan is scheduled to annex the community of Anthem by 2020.
  • Anthem opened in 1998 and has a current population of approximately 35,000 residents.
  • Parenting Magazine in November 2003 ranked the city of Anthem, AZ as one of the best places to raise a family in the United States.
  • The Anthem Country Club features a state of the art fitness center, top notch clubhouse, and two 18-hole championship golf courses.
  • Anthem has two distinct areas, the Anthem Country Club area that features gated communities and is great for resort style living and Anthem Parkside which features scenic mountain views and walking trails.
  • Positioned at an elevation of 1,864 feet in the High Sonoran Desert Foothills, Anthem is the ideal place for being outdoors year round.



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

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Monday 16 July 2018

Phoenix Real Estate & Phoenix Property Management - July 2018 Blog; Phoenix Investment Property Cheat Sheet




Listen in to the July podcast from Real Property Management Phoenix (WV) in which we present and review our Phoenix Investment Property Purchase Cheat Sheet which contains invaluable information that should be considered before purchasing a new investment property in the Phoenix metro area.  At the end Real Property Management Phoenix (WV) will answer a listeners question.
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
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