When it comes to property managment in Phoenix, we know that you have many options. We are grateful for the opportunity to be of service, and appreciate your consideration.
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If you want to rent a property to a tenant in Phoenix, Arizona, you may not know the best way to maximize your profits while still attracting high-quality renters. At RPM Evolve, we offer a free property analysis that can help you determine the right price to set for your rental. Our free property analysis includes all of the following.
Many property owners fail to price their homes correctly for their market. Underpricing your rental property will make it easier to find tenants, but you won’t realize the profits that a competitively priced property can deliver. Additionally, if you underprice your rental, there’s a possibility that you won’t earn enough to cover the regular costs of repairs and maintenance that your property will incur during the rental term. Underpricing your property can also make it challenging to cover any unexpected costs that arise. For example, if a tenant suddenly stops paying rent, you may need to pay for the legal costs of the eviction process, which can run into hundreds or thousands of dollars. Similarly, if your property sustains damage, you may need to come up with the money out of pocket to pay for the repairs. Too many of these costs can hamper your ability to pay your monthly mortgage or cover your tax bill at the end of the year.
Overpricing your property has its own risks. While you might receive more monthly rent from your tenant if you are able to rent your property at a higher price, it will be harder to find people willing to commit to a long-term lease, especially if your area offers better-priced options. You also run the risk that your property will sit vacant and unrented if priced too high, erasing any profits you may have gained had your property been priced appropriately and rented quickly to begin with. The solution is finding the right balance, allowing you to earn a profit while reducing time on the market. Our free property analysis can help you determine the right price for your rental to remain competitive while still leaving room for a profit.
When you ask us for a free property analysis, we’ll schedule a call to better understand your goals for your property. For example, some people put their homes on the rental market because they need to move away for their jobs, but they plan to return within a year or two. If that’s the case for you, you likely want to find a tenant quickly so you’re not stuck paying two house payments simultaneously. Other clients use their rental properties exclusively for investment purposes. They often rent several properties, and their properties are a source of passive income they rely on while also building up equity in an asset they can later sell. Our property analysis will consider your unique objectives and help you understand the appropriate strategy for putting your property on the rental market. You’ll receive advice from qualified real estate investors who understand the Phoenix market and what it takes to succeed with a rental.
One of the biggest challenges our clients face is deciding on the right price for their rental. Too little, and you won’t earn enough to cover your property expenses and make a profit. Too much, and you’ll find it challenging to attract tenants, resulting in your property sitting on the market for months. RPM Evolve takes a data-driven approach to our property analysis. We consider your property’s unique features, like size, number of bedrooms and bathrooms, amenities, and age. Once we understand your property, we’ll compare it to a database of similar properties in the Phoenix area to arrive at a suggested rental price. We'll explain our market comparisons so you’ll understand why we arrived at the amount we did. It can help you make an informed decision when determining how to price your rental property appropriately.
It’s easy to overlook aspects in your rental that are unattractive to tenants, especially when you’re familiar with your property. You might not notice the wear and tear in your carpeting or how a bedroom door sticks when you close it. While those deficiencies may not bother you, they’ll likely stand out immediately to a prospective renter. Anyone who tours your home will notice them, and they may think twice about leasing your place, especially if the problems aren’t minor and will take money to fix. RPM Evolve can note any of these issues that might make it less attractive to renters. Repairing any problems we identify can help you maximize the value of your rental and attract more tenants who are eager to lease your property. You’re not under any obligation to make the fixes we recommend. They’re merely suggestions; you can ignore them if you’d prefer to put your property on the market immediately. However, if you do make the repairs, you’ll likely find it easier to rent your property for a higher price.
RPM Evolve offers a full suite of property management services to help you maximize your rental property income. We offer everything you need for one flat monthly fee. Here are a few reasons that our clients love us!
As a local, family-owned company, we know the Phoenix rental market. We understand what tenants are looking for in a rental and how to appropriately price a property to maximize profits while remaining attractive to renters. It’s a careful balance, and mistakes in pricing can lead to underwhelming results. Since we oversee many Phoenix rental properties, we’re uniquely positioned to identify market trends that outsiders may not recognize. When we see a trend that could impact the marketability of your property, we’ll take action so you reap the benefits.
With our significant experience in property management, you’ll have a team of qualified professionals who can advise you on critical issues. For example, we can help you price your property according to other homes in your area and perform a thorough property evaluation before giving the keys to a new tenant. Rather than putting your property in the hands of someone inexperienced, you’ll gain access to a team of professionals who understand the Phoenix rental market from the perspective of both a tenant and a landlord.
Overseeing a rental property yourself can be a major hassle. You’ll need to market the property for prospective tenants, manage the screening process, collect monthly rents, and deal with any maintenance issues that arise. All those processes take time, and if you have other responsibilities, you may be stretched very thin. When you hire us, you won’t need to worry about overseeing the daily affairs of your property. We handle everything, from acquiring tenants to preparing your monthly income statements. If a maintenance issue arises, our in-house team can diagnose it and find an experienced vendor to fix it.
As a local property management company, we’re highly familiar with Phoenix’s neighborhoods and rental market. We know how to competitively price your rental to attract clients. Your property won’t sit empty for months at a time, and you won’t need to worry about unfair rental prices that drive clients away. Additionally, we have a local in-house team of repair technicians to ensure any problems get resolved quickly and at a fair cost to you.
Some of our clients put their homes on the rental market when they move away for a job or other reasons. If you’re not living in Phoenix, you can’t regularly check on your property, and problems may occur that you’re entirely unaware of. When you have a local property management company overseeing your property, you can feel secure knowing that we’re regularly communicating with your tenants. You won’t encounter surprise issues or repair needs that can wreak havoc on your property’s value. Included in our property management fee are two free annual property inspections. We’ll use those times to monitor the condition of your rental to ensure your tenants are properly caring for it, just as you expect them to.
There are thousands of rental properties within Phoenix. Making your property stand out can be challenging, especially if you’re unsure how to market it. When you partner with RPM Evolve, we’ll ensure that your property grabs attention by including it on major rental websites. Before listing your property, we’ll take high-quality photos to showcase your rental’s unique features and make it attractive to potential tenants. You won’t need to worry about your rental sitting vacant for long periods, which can harm your profits and make it hard to afford your mortgage.
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