Real Property Management Phoenix (WV) - Real Property Sales Phoenix (WV) Latest Podcast On Selling Your Home With Pets

Real Property Management Phoenix (WV) & Real Property Sales Phoenix (WV) Latest podcast discusses selling your Phoenix home with pets.  At the end the FREE tip is dealt.

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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Real Property Management Phoenix (WV) Phoenix Property Management Zip Code Comparison

Real Property Management Phoenix (WV) compiled a comparison of the Phoenix rental zip code 85022 and the Phoenix rental zip code of 85023 during the time periods of 2015 - 2018.  Real Property Management Phoenix (WV) utilized data from the MLS (Multiple Listing System).

The 85023 Phoenix zip code is west of the I-17, east of Central, north of Thunderbird and south of Union Hills.  The population of the 85023 zip code is approximately 31,274.

The 85022 Phoenix zip code is west of Central, east of Cave Creek, north of Thunderbird and south of Union Hills.  The population of the 85022 zip code is approximately 46,395.

Real Property Management Phoenix (WV) comprised the above spreadsheets which illustrate the year, zip code, number of properties that rented, average rent and average days on the market for both the 85022 and 85023 zip codes.  Interestingly both zip codes saw a decline in the average rent from 2017 to 2018 however the 85022 zip code was more dramatic with over $100.00 decrease.  Not surprisingly the 85022 zip code had more homes rent each year which goes in line with the higher population.

Both zip codes are close to freeways (the I-17 and 101) making them desirable Phoenix rental locations.

For more information about the zip code in which you own a rental or are looking to purchase a rental please contact us at 602-358-8130.

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 

Follow @rpmwvphoenix

Useful Life and Property Damage: What Every Phoenix Landlord Needs to Know

It's a common scenario in your Phoenix rental property: a resident has moved out of a rental home, leaving the property a mess or damaged. On top of the necessary cleaning the house badly needs, you discover that interior elements like the carpets and walls have sustained damage beyond normal wear and tear. Frustrated, you may console yourself with the thought that your resident is responsible for the cost of the repairs.

Or are they?

Depending on how long ago you installed the carpet or painted the walls, they may not be responsible to pay for or replace anything.

Who is responsible to pay for repairing damaged interiors depends almost entirely upon the “useful life” of the damaged item. Home interiors are made up of many elements that have a range of life expediencies. Paint, carpet, and other flooring wear out over time, and so their useful life can be quite short. This is particularly true for rental homes, as the standard number of years is shortened when the home is lived in by multiple occupants not just one family.

Most carpets used in rental homes have a useful life of about five years. If your resident manages to damage the carpet within the first five years after the date of installation, they may be responsible for the pro-rated share of the cost of replacement, or for cleaning costs if the carpet is simply very dirty.

But if the carpet is older than five years and needs to be replaced, chances are that no matter how negligent your resident has been, the courts will almost always rule in their favor. Generally speaking, if the damaged carpet is over five years old, you probably won’t be able to make a convincing case that your resident is responsible for the repairs. If that is true, then you will bear the full cost of repairs yourself.

The best course of action is to replace the carpet in your rental home on a regular basis. It’s also important to do regular property evaluations to monitor the condition of the property, including the carpets and other interior features. At Real Property Management Phoenix (WV), we take a proactive approach to property maintenance and repair. That means that we will work with you and your resident to keep a close eye on the property, complete necessary maintenance when needed, and inform you to replace worn items when their useful life is over.

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

Follow @rpmwvphoenix

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

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

Follow @rpmwvphoenix

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

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.

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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