Rental Property Flooring

Wood Vinyl Planking Options
Wood Vinyl Planking Options

Choosing the best type of rental property flooring can be challenging because there are many factors to consider, from cost to durability and beyond. When trying to decide whether to install either vinyl plank flooring or carpet in a rental property, it’s important to first look at the pros and cons of both flooring types. Both vinyl plank flooring and carpet offer many benefits, but they both have several drawbacks as well. Once you have the information you need about both flooring types, you can more easily make the right decision for each individual rental property.

Vinyl plank flooring is vinyl flooring designed to resemble a hardwood floor. The vinyl pieces even come in planks, just like hardwood does, and is available in a wide range of colors and styles. For property owners seeking to upgrade the overall look and feel of a rental home, vinyl plank flooring can be an affordable option with aesthetically pleasing results. Vinyl plank flooring can be a good choice for a rental home because it is water resistant, easy to clean, and long-lasting. Many kinds of vinyl plank are backed with a felt product, resulting in a softer floor with more give. This makes a vinyl plank floor easier to walk and stand on, as well as making objects less likely to break if dropped on the floor.  Additionally, during the hot Phoenix summers vinyl can be cooling.

Along with these benefits, however, there are some drawbacks to vinyl plank flooring. It does tend to cost more than a basic carpet, especially because it may require professional installation. What is more, vinyl can be gouged or scuffed by heavy furniture or other objects, permanently marring the overall appearance of the floor. Finally, it’s important to note that vinyl plank flooring does not typically add to the overall value of your property in any significant way, unlike hardwood floors, which do usually offer an increase in resale value.

Carpet, on the other hand, is the standard flooring choice for the vast majority of rental homes. This is largely because it is relatively affordable and comes in many different colors and styles. Renters may expect to have carpet on at least some of the rental home’s floors, creating a stronger appeal for certain individuals.

However, carpet does have a few disadvantages as well. Carpets are far more likely to stain and show wear faster.  Additionally, stained carpet can significantly impede your ability to rent your property for the highest possible rate, and may have a negative impact on your property value as well. Carpets also tend to become saturated with certain odors like cigarette smoke or pet odors, making them difficult to fully clean and sanitize. Carpets in a rental home will usually need to be replaced more often that vinyl plank flooring, about every 5 years or even sooner if subjected to heavy use.

Choosing between vinyl plank flooring and carpet for your rental property can be a challenge, but not if you have the right information and industry experts on your side. Knowing which flooring type is the best option for your particular situation can help you keep your profits high and property values growing year after year. At Real Property Management Phoenix Valley, we can help with that. Our professionals can help you plan your rental property flooring installation or replacement while ensuring that you achieve the maximum value possible for your investment property.

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COVID-19 Phoenix Rental Statistics

Most Phoenix rental statistics have taken a beating due to COVID-19.   Real Property Management Phoenix Valley’s property owners are weathering the storm pretty well.  Our COVID-19 Phoenix rental statistics currently are: 97.8% of our tenants paid April rent on time.  Additionally, all of our tenants have confirmed dates they will be paying rent within the month of April.  How have we beat the odds?  Well, we have an exceptional pool of tenants that have a good chance to keep current in this tough situation.  Two key factors in placing good renters are quality tenant placement and a laser focused rent collection process.  There are four factors in tenant placement, rental history, credit history, income and job stability. We have found that each of these steps is important and can be tricky. For example, rental history questions need proper phrasing. You also must also be able to navigate around traps that apply to rent verification

A laser focused rent collection process is crucial. It is important to set rent expectations early and use technology to automate the payment process.

The good news is that there is help if your tenant needs it and this is because  the State of Arizona has taken action regarding the Covid-19 Virus and it’s effect on the Phoenix rental statistics.  On March 24, 2020, AZ Governor Doug Ducey issued an executive order delaying the enforcement of eviction action orders for renters impacted by COVID-19. The order applies to renters who are quarantining due to COVID-19 or are facing economic hardship as a result of the outbreak. It will remain in effect for 120 days.  Additionally the rent is still due.  The Governor also announced $5 million in new funding to help Arizonans struggling to make rent due to COVID-19

 

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