Archive for Management

Downward Pressure on Current Rents

There are a lot of pressures on rents our there, but little in terms of help for current owners.
It’s simply supply and demand, but also the quality of the supply and the tenants perceptions that govern the rental market.
Drive almost any area in the valley and you’ll see lots of discounts [...]

From High Returns To Bad Leases: Recent Investment Articles.

Leasing is an important part of any real estate investment.  It that an understatement!  It is your business in the rental property sector.  The property is but a vehicle with it’s own benefits, but it is the tenants that provide the income, the cash flow so managing that part of the business, well, is crucial. [...]

Tough Times for Multifamily Income Property Owners.

It’s that cycle of the market where most multifamily property owners are having to adjust their modus operandi: even well cared for and superbly managed properties are seeing increased vacancy and pressures on rents.  This cycle seems to be of great girth, depth and resonance.
It’s a tough one, one that has and will continue to [...]

Phoenix Income Property Investment Overview

If you do not visit Phoenix Market Trends you may not have seen that we have published a few articles that may be of interest to our readers here at Arizona Apartment Investor.

With a lot of lender owned and short sale multifamily properties selling we put together some steps to help lease them [...]

Need Tenants For Your Phoenix Multifamily Rental Property: Lose The Carpet

Recently we revived a simple way to help lease a property in any market but especially in a tough rental market.  See the post here: How to lease a home or apartment in a tough rental market.  That -cleanliness- was one thing of many that can be done. 
Another good way to stand out from [...]

Phoenix Valley Multi-family Rental Vacancies

The recent Apartment News a publication of the Arizona Multi-housing Association reports that vacancies in the valley are at "record levels"
In the valley rents dropped by $3.00 to $770.00 on average.  This is, "the first year to year decline in the same quarter (3Q’08) since 2003.  Vacancies stood at 13 percent, a record high for [...]

Asbestos Inspection May Be Important For Your Safety And Security

Phoenix Asbestos Inspection Important for Healthy Home
If you live in Phoenix and are a potential home-buyer or are remodeling a home built prior to 1980, you may be at risk for asbestos exposure. The Agency for Toxic Substances and Disease Registry stated that a large industry in Arizona is still present because of mines operated [...]

Trials and Tribulations of Property Management.

We recently leased a condo for a client in Scottsdale.  The last tenants had to be evicted (not tenants we brought) but guess what they did?  The property was clean, very clean when they moved out but once the new tenant moved in one room had no power! 
An electrician had discovered that inside each [...]

Making It Difficult For Prospective Tenants.

While doing a rental survey.
We called a number to check on rents.
"Hello, thank you for calling —— we are now at lunch hour, please leave your name, number and the property your are calling about and we’ll return your call as soon as possible."
beeb, beep! the mail box is full!

I wonder is the prospective [...]

What Is The Rent In A Market? Where Do You Get That Information.

A question I get quite often, mainly because I work with buyers and sellers of investment properties, including homes and multifamily, is: what are the rents in a particular area. 
A buyer needs to know this to establish the value of the property being considered: to evaluate the demand and supply in a particular neighborhood: [...]

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