Thursday, October 10, 2013

Not Much To Report! Market Is Very Quite.


Payam Raouf
Owner/Designated Broker
Arizona Property Management & Investments
(888)7776664 ext 114
Need Property Management Services?  Fill out this form.

Not Much To Report!


There is not much to report these days. Market has been very quite lately. Small investors owning one or two properties are calling in to see what their home is worth. Larger institutional money seems to be drying up. There is a ton of first time home buyers in the market. Tenants are sitting it out waiting to get a chance to re qualify to buy. Good rentals are moving fast. Rents are holding steady.

We also see a lot of banks lowering their qualifying criteria. You have just to have the right documents to qualify.

Is it good time to re-enter the market? I do believe so if you know what you are buying. They are few and far in between but they are out there, look for unique properties that rent fast, have lower turn over and good potential for growth. Stay away from buying in Katmandu just because it is cheap. This is my specialty. Call me directly if you need get some directions. (888) 777 6664 ext 114.

One way to cut your cost is to maintain your property. Being a slum lord costs you more over the long haul. We sell maintenance packages to reduce your maintenance cost by 50%.You buy an annual maintenance package at $329 for 8 hours of labor, (Licensed and Insured Handyman). You can buy up to three packages per year and use it in 4 hour increments. Every time your house needs repair or your tenant moves out and the house needs paint, touch ups, minor repairs, trash haul, clean up etc you fill out an order form by selecting the services, prioritizing them _ the time associated with each service is defined up front based on the industry’s average time- and send it to us. We go and get it done for you and even pick up the supplies! It’s good for a whole year.

There is a lot of competition out there. Keep your properties rent ready or expect a longer time to rent it. Institutional investors have too many properties to rent. Their homes are rent ready and they charge less deposit and lower rent.

The secret to success in rental business is having a good tenant in your property. Make sure they know how to take care of your property. Spend an hour upfront to show them how and you pay a lot less for repairs. A happy tenant stays in your property longer reducing your overhead.  

We are here to help you. Property management is a tedious business. We do it anyway! But we have learned how to do it well. If you need any assistance in this area. Fill out this form and let us show you how.

Thank you for your time. I will update you once there are some worthy news to pass on. 

Payam Raouf
Owner/Designated Broker
Arizona Property Management & Investments
(888)7776664 ext 114