The Phoenix area has historically been a strong market for rental property investing. The climate is appealing to many, and the area offers a relatively low cost of living. With several universities, a strong military presence, and sustained population growth, the rental market in Phoenix shows no sign of slowing down. —
In 2013 Real Property Management Phoenix Metro had a record breaking year with over 600 leases signed. Real Property Management Phoenix Metro manager Rodd Schifferdecker sees no slowing in the market, and expects to break that record in 2014.
“We have over twenty years in the property management business. This has given us great insight into the rental industry. We have created unique marketing plans specific to this Phoenix area, which fills vacant homes fast. So far this year, we are on track to break our previous records set in 2013.”
The leasing professionals in their office are so confident of their marketing strategies that they put in writing with a guarantee. They claim that if a property is "Rent Ready" and priced properly, they will have a signed lease in 30 days, or all initial setup fees will be waived.
Not just anyone can pass their new tenant prerequisites, however. “ We are not just looking for a signed lease, we are looking for a signed lease from qualified renters. While it might not be fun to say no to a potential tenant, it is often necessary.” says Schifferdecker. Background checks, income verification, credit and reference checks, insurance claims, and previous rental history are all closely evaluated.
According to the Arizona Regional MLS, rental closures have dropped just slightly in 2014 when compared to 2013. However according to RPM Phoenix Metro, there seems to be no shortage of rental demand so far, and they are still on track for another record breaking year.
Name: Rodd Schifferdecker
Email: Send Email
Organization: Real Property Managment Phoenix Metro
Address: 2320 W Peoria Ave. Suite C122
Release ID: 45234