Phoenix Property Rent Statistics

By Lisa Borchard Sunday, March 9, 2014

ARMLS (Arizona Regional Multiple Listing Service, Inc), publishes monthly rental statistics for the Phoenix Rental Property Metro area based on all leasing activity through MLS (Multiple Listing Services). For February 2014, closed rental units was 3625 so down slightly from ...

Are you overpricing your Phoenix rental property?

By Lisa Borchard Sunday, February 23, 2014

This is a very simple concept that many owners miss - if the market rent is $1000 you are not magically going to rent it for $1200 AND the longer the property sits vacant over priced the less actual monthly rent will receive. In Phoenix, listing your rental property for a pric...

Phoenix Property Management - Partial Payments

By Lisa Borchard Monday, February 17, 2014

Under Arizona law a landlord is not required to accept a short or partial rent payment. However, per A.R.S. &33-1371 "if the landlord does accept the lesser amount (than full rent), the landlord loses their right to seek eviction of the resident". Keep in m...

Surprise, Surprise, Surprise!

By Lisa Borchard Sunday, February 9, 2014

So you have done all the research, gathered the facts on the neighborhood, the HOA, the taxes, and the current rental statistics and have decided to purchase in Surprise. A little known fact about the city of Surprise, in addition to the city rental taxes of 2.2%, the city also r...

Attracting & Retaining The Right Tenant in Phoenix

By Lisa Borchard Sunday, February 2, 2014

Getting and keeping a good tenant is the lifeblood of your Arizona Rental Property. Taking the right steps to getting a solid tenant is even more important in Phoenix due to a high transient rental pool. The first step to rental success is to list your vacant rental property...

Vacancy rates & changes in tenant demographics will pose greater challenges for Do-it-Yourself L...

By Lisa Borchard Monday, January 27, 2014

They are some telling indicators that renting out your property may be harder in 2014, especially by do-it-yourself landlords even as the overall economics of rental property investing is improving. Reasons why: a. More available inventory as newly-constructed multifamily h...

HOA's - Landlord & Tenant Responsibilites

By Lisa Borchard Sunday, January 19, 2014

As a Phoenix Property Manager, we know that not all Home Owners Associations (HOA) have policies and procedures in place when dealing rental properties so it is important to check out the HOA rules prior to leasing your home. If your home is in an HOA, you have certain rights and...

Maintenance & the Arizona Landlord Tenant Act

By Lisa Borchard Sunday, January 12, 2014

At RPM West Valley Phoenix, we annually get hundreds of tenant maintenance requests for the properties we service for our Phoenix Rental Property Owners. These requests can normally be grouped into the following three categories:Items that the property owner must fixOptional i...

Standing out in the Advertising Crowd!

By Lisa Borchard Monday, January 6, 2014

As a Phoenix Property Manager we know that now that the holidays have pasted when tenant's begin searching for a new home to rent, most tenants know exactly where to look and most landlords know to post in these places. With everyone posting their available properties in the same...

Should You Collect A Rental Application Fee??

By Lisa Borchard Sunday, December 29, 2013

The application process is the first step in verifying rental references, performing vital credit checks and gaining a commitment from your potential tenant. Application fees not only compensate you for your efforts involved in screening an applicant but also can help to re...