Archive for Rental Trends

Getting Tenants For Your Phoenix Multifamily Rental Property

Some rentals rent quickly and others linger on the market and often very little separates the two. When the right principals are applied you can have a home leased in much less then the average time and if you miss a few details you can have a home empty for longer [...]

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 [...]

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 [...]

Where Are Your Tenants? Is This Where Your Property Is?

Investing in real estate is a business and as with any business you would carefully do research on where you customers are and how to reach them.  It’s no different in real estate.
Certain parts of the valley tend to be better for investment then others.  No matter how inexpensive some property may be if there [...]

Multifamily To Recover Faster From Current Downturn.

Some news purporting the strength of multifamily in the next phase of the cycle.
Housing experts predict that multi-family rental properties and apartments will recover fastest from the current downturn, followed by housing in cities that didn’t overbuild.
The market is likely to hit bottom in the next few months, says Bernard Markstein, senior economist and [...]

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 [...]

Finding a Profitable Tenant For Your Phoenix Investment Rental

How to find a tenant for your Phoenix income property.

 
You can sometimes get a house rented by only sticking in the ground a "for rent" sign but just as with selling a home its worth going the extra effort to expose your home to as many prospective tenants as possible.   Below are several things you [...]

Where have all the tenants gone? Vacancy Rates in Greater Phoenix

The Phoenix Business Journal (9/26/08) has an overview of the apartment building vacancy rates.  I’ll add my thoughts to this relating to smaller multifamily buildings.

Reasonably when the market for homes goes down in sales and demand there is increased demand for rentals, both homes and apartments, "We were initially surprised to discover that what was [...]

Rental Rates and Market Analysis For Single Family Home Investors In Metro Phoenix

For those of you more interested in investing in single family home investing,  we just posted an in-depth spreadsheet of rental rates by city in Greater Phoenix.  This includes per square foot rates, total inventory, units leased and more.  Plus we added a bit of commentary about the current investment rental market.  You can see [...]

Phoenix small multifamily vacancy overview.

Apartment News a monthly newspaper from the AZAMA.org reports that multifamily vacancies are at record levels and that rent gains are moderate.  While this report is mostly about largercommunities the affects are felt by smaller property owners as well.
Vacancies stand at 11.5% for the first quarter of 2008, up from 9.6% the first [...]

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