6 Times You'll be glad you Hired a Property Manager

6 times you’ll be glad you hired a property manager

One reason is that an experienced property manager, spending no more money than you would spend yourself, can easily and efficiently manage your property while you live your life. He knows the most reliable vendors to use to maintain your home, the appropriate legal experts to deal with problem tenants, and has the infrastructure to handle issues that may arise at inconvenient times.

Here are 6 times you’ll be glad you hired a property manager.

1. Late night phone calls

A good property management company will have an emergency contact line tenants can call in case of an important problem. If you’re managing your property yourself, this call will come to you. Imagine your cellphone ringing at 2:00 AM, with a tenant insisting that their clothes dryer isn’t heating up properly.

An emergency? The tenant says they have an interview in the morning, and they need to wear their lucky shirt. But what can you do about it during the night? This is an appliance. Is it even your responsibility?

If you have a property manager, the emergency line at their office will to take the call, reassure the tenant that someone is listening, determine if the dryer really is your responsibility to fix, and inform the tenant about how to put in a maintenance request.

All you have to do is read the email from your property manager once the problem is taken care of.

2. A needed vacation

Your day job has been taking all your time, so you plan a vacay with the family. A well-needed trip to the desert to spend family time under the stars. But as you’re packing the car, a hysterical tenant calls to say that she is filing for divorce, and wants the locks changed on her house immediately.

The tent goes back in the closet, and your son goes back to his video games. Instead of time with the family, you are off to change the locks on your rental home.

A property manager will have well established procedures for this situation. While you’re cooking hot dogs by the fire, your property manager will handle the issue.

You can take that selfie with the barrel cactus.

3. Evictions

Do you enjoy taking time off from work to go to court? Do you know the legal requirements and procedures for an eviction? This is one part of renting that most landlords would like to pass on to the experts.

A property manager has legal experts they work with, making sure that every step of an eviction is handled legally and with a minimum of problems. Then they’ll find you a new, highly-qualified tenant.

And you never have to see the inside of a courtroom.

4. Neighbor Complaints

You’re at your day job, about to give a presentation in a big meeting. But your phone rings. It is an irate neighbor, the guy who lives next to the tenant in your rental property.

Apparently, your tenant’s poodle has been pooping in the neighbors yard. The neighbor is angry. He wants you to go talk to your tenant, NOW.

If someone manages your property, this call would have gone to his office. Your property manager knows how to deal with neighbor complaints, and stops the neighbor feud before it gets out of hand.

You’d be giving a great presentation at your meeting, never even knowing about your tenant’s poodle.

5. Weather Damage

A record-breaking snow storm hits Colorado Springs (sound familiar?), and not only are your trees down, a 50-year-old pine has fallen on your mother’s roof.

But can you go help your mother? No. Why? A tree actually crashed through a window at your rental property, and your tenant can’t wait for help.

A good property manager will be on this in a second. He has vendors on call to take tenant calls and immediately get out to the property to remove the tree and fix the window.

You can go to your mother’s house and help her out.

6. Getting your Check

Perhaps the time you’ll be happiest about hiring a property manager is when you get your monthly check. You’ll know your property is cared for, your tenants are happy, and you’re paying the mortgage on an investment property without having to answer the phone at 2 in the morning, or unclog a toilet when your family is supposed to be on vacation.

That check means you’re paying your mortgage without having to be a landlord.

Summary

These are just some examples of things you might (and probably will) face when you try to manage your own property. Although a property management company will have some up-front costs, overall, you may end up spending no more than you would have in trying to do everything yourself.

And as illustrated in these examples, a lot of stress and effort will be avoided by hiring the right company.

Are you interested in what a Phoenix-based property manager could do for you? Call All County® Prestige today to get a free assessment of your investment property. (602) 753-0333

You’ll be glad you did!

Why you should have Phoenix investment property in 2019

Why you should have Phoenix investment property in 2019

The 2019 ARMLS market in Phoenix shows home prices that are continuing to rise. The housing market needs an influx of rental homes! Why not take advantage of this, and make this the year you enter the rental market? Here’s why you should have Phoenix investment property in 2019.

Call All County® now–any time of the day—for help entering the hot market of investment property! (602) 753-0333

In 2019, the Phoenix metro area had the 2nd-fastest growing rental prices in the United States. According to RentCafe, the apartment listings and trends website, the average rent rose to $1,041 in 2019. Monthly prices for rental units in Phoenix grew 9%. That’s more than any other large metro area besides Las Vegas.

Here are the top 20 Phoenix neighborhood rental prices. If you want to join this rising trend, contact All County® Prestige today!

Why you should have Phoenix investment property in 2019
Why you should have Phoenix investment property in 2019

Click here to see more Phoenix rental statistics on RentCafe.

Call All County Prestige now now! (602) 753-0333

Remember: There are waiting lists for rentals. So call us now–any time of the day–to start making money in the residential rental market! (602) 753-0333

June 2019 Phoenix Real Estate Statistics

June 2019 Phoenix Real Estate Statistics

June 2019 Phoenix Real Estate Statistics: May and June were both exceptionally strong with June having $3,265,463,755 in dollar volume, the highest total for any June in ARMLS history. As an added caveat, there was one less business day this year compared to 2018, making this year’s total that much more impressive. As we reach the halfway point for the year, 2019 ranks as the best year on record.

What does all this mean for you? With home inventory low and prices high, the ARMLS Phoenix Metro market needs an influx of homes to rent. If you have investment property, call us today at (602) 753-0333 Here are some of the numbers in the ARMLS region for June. You can read more by clicking here: http://armls.com/docs/2019-June-STAT.pdf

Total Monthly Sales: 9,313

Sales are down 9.9% from last month, and up 2.6% from last year.

June 2019 Phoenix Real Estate Statistics
June 2019 Phoenix Real Estate Statistics

Total Inventory: 19,778

This is a decrease over last month of 7.5%, while down from last year by 2.8%.

June 2019 Phoenix Total Inventory
June 2019 Phoenix Total Inventory

Average Sales Price: $350,600

Still rising, up 5.1% from last year at this time. As home prices rise, the market needs more rental homes.

June 2019 Phoenix Average Sales Price
June 2019 Phoenix Average Sales Price

Average Days on Market: 65

Days on market is down 3 days from last year at this time, and the same as last month last month. This shows that homes are selling a bit faster.

June 2019 Average Days on Market
June 2019 Average Days on Market

Summary

May and June were both exceptionally strong with June having $3,265,463,755 in dollar volume, the highest total for any June in ARMLS history. As an added caveat, there was one less business day this year compared to 2018, making this year’s total that much more impressive. As we reach the halfway point for the year, 2019 ranks as the best year on record.

What does all of this mean? It’s a great time to have a Phoenix investment home, and a great time to rent a home in Phoenix! Check out our available rentals at: http://allcountyprestige.com/available-rentals

Call us today at: (602) 753-0333 for more information about renting out your home in Phoenix.

All County is here for you!