Phoenix Property Manager Statistics

Phoenix property management statistics place Real Property Management Phoenix Valley on several “Best of” lists!

Tens of thousands of property owners nationwide trust local Real Property Management offices to manage their investment properties nationwide. As a result, we are North America’s largest residential property management organization. Real Property Management Phoenix Valley has been successfully serving the Phoenix area for over 13 years. We exceed property owners expectations year after year and are consequently on several “best of” lists including expertise and propertymanagement.com. Here is a break down of our Phoenix property manager statistics that make Real Property Management Phoenix Valley so successful.

1. We average an occupancy rate of 97-99% so only 1-3% of our homes are vacant and available at anytime.  This leads to less “downtime” for our property owners
2. Less than a 1% eviction rate. Eviction success rate is attributed to our triple filter tenant screening program
3. 88% tenant retention. This number far exceeds the Phoenix industry average because Phoenix tends to be a very transient city.  Furthermore this statistic means less turn over costs to the property owner.
4. 92.5% of homeowners have NO out of pocket turn over costs at tenant vacancy! This includes tenants who were in the property 5+ years!
5. 99% of our tenants fulfill their lease agreement the full term

Our Phoenix property manager statistics don’t lie but instead produce “best of” property management services in the Phoenix metro area. So before you sign with any other firm, give us a call to discuss your property management needs. We know that you will see Real Property Management Phoenix Valley is the number one choice for residential property management in Phoenix and surrounding areas. Our service areas include Phoenix, Scottsdale, Avondale, Glendale, Cave Creek, Peoria, Surprise, Goodyear, Laveen, Tolleson and more! 602-358-8130

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Rent Prices in Surprise vs. National Rent 2016-2019

This comparison looks at National rent prices vs Surprise rent prices from 2016-2019.

Real Property Management Phoenix valley has built a chart to show key figures so that you can get a good idea of how rent in Surprise, AZ has increased compared to the national increase in rent prices.

The below chart includes the following Surprise rental property rates based on rent cost per square foot times 2000 square feet. The national rent figures were provided by Zillow.

The data for Surprise  was collected from the Arizona MLS for unfurnished, non-vacation, detached homes.

There are some very interesting numbers in this chart. Over the last 4 years, rent prices in Surprise increased at a rate 18.7% greater than the national rent increase (23.9% Average Rent Increase in Surprise vs. a 5.2% National rent increase). The rent price in Surprise has increased $330 from 2016 to 2019. A 2000 sq foot property in Surprise fair rent price in 2016 was $1340 vs. $1660 in 2019. The average rental price Nationwide was $1,489 in 2016 vs. $1,566 in 2019. Rental rates nationwide have increased gradually but in Surprise you can call them very Surprising.

If these numbers have motivated you to purchase investment properties listen to our podcast below which includes our property investment purchase cheat sheet

 

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Tempe Property Management

Tempe Property Management
Tempe Property Management

Our Tempe Property Managers rented a home in the Nu-Vista 6 community in the 85282 zip code in just 20 days!!! 

Nu-Vista 6 community is an accessible subdivision in Tempe that is very close to the I-10 & 60 freeways!  It is located approximately 12 miles from downtown Phoenix and only 7 miles from Phoenix Sky Harbor airport.

The community consists of mostly single-family and attached homes such as condos and townhomes.  Most homes are between three to five bedrooms  and two to four bathrooms – making them perfect for the Tempe rental market!

The square footage of the homes range from 1,260 to 2,356  sq. ft. Most homes were built between 1952 to 1962 and have since been remodeled.  The home is located in The Dromedary District (Mill/Southern) in Tempe.  Also, it is conveniently located to several big-box retailers including Walmart. For all of these reasons, Nu-Vista 6 is a great community for Tempe property management.

The home that we recently rented was almost 2000 square feet and a single level. It features a diving pool in the backyard, large covered patio in the front, and fresh new paint.

The home first rented in 2016 for $1600.  The home just rented for $1895 for an 18% increase. 

For information about our Tempe property management services contact us at 602-358-8130 or by email info@rpmphoenixvalley.com.

To be your own successful Tempe landlord, watch our video on the 4 tips to success:

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