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, 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.
Wednesday, 14 June 2017
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
Wednesday, 7 June 2017
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!
And for all of your Phoenix Real Estate& Phoenix Property Management needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800
Wednesday, 31 May 2017
Phoenix Property Management - Phoenix Rental Ad Scams
Unfortunately “Rental Scams” are very popular in the Phoenix rental market. There are several scams such as non-existent properties advertised online as well as vacant
properties that have been broken into and the scammer has changed the locks. The most common that we see in the Phoenix rental market is where someone takes a rental property advertisement and changes the contact and other
information in the ad so that you contact that person rather than the property manager who is really advertising and renting the home out. This scam happens all of the time on craigslist making craigslist one of the worse places to looking for a rental home.
If you are the person looking for the rental, here are the red flags you should look for:
1. Price - if the rental price is well below all other properties in the area and/or well below market than you know right away that the ad is probably fake.
2. The Lister only accepts cash - almost no property management companies except cash.
3. The Lister can't meet to show you the property and/or doesn't have a local office location
4. The Lister asks for money up front before meeting to show you the property and/or before signing a lease
5. There is no application process in place
To protect yourself against these scams be sure to visit the website of the property management company to find the listing there as you can be sure the information will be accurate there.
If you do unfortunately get scammed be sure to contact law
enforcement and file a report. You should also contact the owner of the source
where the fraudulent advertisement was posted. Additionally, file a complaint
with the Federal Trade Commission (FTC). More information can be found by
clicking on the link below:
And for all of your Phoenix Real Estate& Phoenix Property Management needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800
Wednesday, 24 May 2017
Phoenix Property Management - Evictions
Evictions are never pleasant. The reasons for eviction
vary dependent on the individual or situation. With “no-cause” evictions being
targeted by cities and states as being unlawful and unfair, and ultimately
being removed as options to landlords this leaves only for cause eviction
proceedings. So, which of the following are cause for an
eviction?
1.Noise Complaints
2.E-Cigarette Use
3.Medical Marijuana Use
4.Landscape Damage
5.Unpaid Rent
6.Unauthorized Pet
7.Any of the Above
The answer which may be surprising is #7 Any of the Above!
Although any of the instances above could end in eviction
proceedings, most are considered “curable” under the law. For example, noise
complaints can be rectified by turning down the TV or stereo volume; an
unauthorized pet can be approved to stay with fees paid or removal from the
premises; landscape damage can be corrected; etc. Unpaid rent can even be paid with late fees.
The only exception would be lease language that specifically states drug
or e-cigarette use on the premises is grounds for immediate termination.
However, this too is open to interpretation by the judge that would hear
the case.
And for all of your Phoenix Real Estate needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800
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