Phoenix, the fifth-largest US city, is the only state capital with more than a million people. Add another five million residents in Phoenix suburbs, and that’s a whole lot of real estate. Many of those residents prefer renting. According to the World Population Review, more than 46% of residents in the Phoenix metro rent. So, what makes Phoenix the place to invest in real estate?
According to the latest “Phoenix Housing Market Report”
- Phoenix has been one of the highest appreciating communities in the state and nationally.
- Comparatively to other major cities, Phoenix has more reasonably priced housing and a lower cost of living.
- There has been a steady migration of residents to Phoenix from areas with a high cost of living, such as Los Angeles and Seattle.
If you are ready to invest, do it right.
- Partner with a qualified realtor – you will benefit immensely from their knowledge and experience.
- Once you have narrowed the list of potential properties, get professional appraisals. There are a lot of factors involved in determining fair market value.
- Consider the property type, location, and the target market for renting.
- Pay attention to the economic landscape. Crunch your numbers and get financial advice.
When you sign the dotted line, call a property management company. They will –
- Provide expert rental price analysis and recommendations to help ensure you get the highest rent in the least amount of time.
- Offer wide-reaching advertising, including photos, and flexible showings.
- Handle tenant screening, lease signing, move-ins, and move-outs.
- Provide property inspections.
- Handle the day-to-day management of your property, including connections to qualified electricians, plumbers, HVAC, landscapers, maintenance, etc.
While the pandemic has affected almost every aspect of life, don’t stop living. Invest in your future. When that investment includes rental property, contact Rentals America. We help real estate agents and investors with all their property management needs.
