How Much Can You Earn with Your Phoenix Investment Property?
You need to be able to trust your Phoenix property management company to deliver the most rent on your investment property.
Smart investors know that rental values will depend on factors such as location, condition, market strength, and even the time of year you happen to be renting your home. What we can charge will largely reflect whatever is happening in the Phoenix market and how much competition exists. Our Phoenix property management team will price your property to attract a great tenant quickly and ensure you don’t lose money on vacancy.
Ask us how much you can earn with your Phoenix investment property.
Potential Earnings in Phoenix Real Estate: Appreciation
We don’t have a crystal ball that can tell us with certainty how the market will perform now or in the future. We rely, instead, on our property management experience and local knowledge.
In recent years, the Phoenix rental market has been strong. There’s great potential for appreciation with your rental property. Even neighborhoods that don’t have many high-value homes have properties that have appreciated by three or four percent. Homes in the most desirable areas of town have been appreciating at eight to 10 percent.
To earn as much as you can on your investment property, you need to keep it well-maintained, and you must keep it occupied. If you’re able to provide a great rental experience for your tenants and respond quickly and thoroughly to emergency and routine maintenance repairs, you’re setting yourself up for some outstanding potential earnings with a Phoenix rental property that’s growing in value.
If you’re thinking about purchasing an investment home, talk to us first. We can tell you what types of rent you can expect and what we predict your earnings will look like.
We work with investors all over Phoenix, including neighborhoods like New River, Cave Creek, and Carefree.
My husband and I found ourselves with a rental property and thought we could manage it ourselves. I mean, how hard can it be, right? We ended up with a very difficult tenant and the situation added a tremendous amount of stress to our lives. After one year of a 2-year lease, we contacted HomeQwik and hired them to take over the management of the property. They contacted the tenant, offered to inspect and document the condition of the home and make any necessary repairs. The second year of the lease was a completely different story. HomeQwik responded to all of the tenant’s expected requests for repair, but also to her endless, unfounded threats and demands. After a year of late and partial payments made to us, the tenant paid electronically, on time and in full every month. At the end of the lease, the house was returned to us in beautiful condition. We were so pleased with HomeQwik that we actually hired them as our realtors to sell the property. Their advice regarding the listing price and suggested improvements resulted in an acceptable offer within three weeks of listing it and virtually no inspection items to deal with. It couldn’t have gone more smoothly. Jason S and Noel P were fantastic to work with.
Potential Earnings in Phoenix Real Estate: Cash Flow
One of the additional benefits to investing in Phoenix is that there’s still a lot of available properties on the market that are affordable and full of potential.
This means that in addition to appreciation, you also have the potential to earn some pretty great cash flow while you’re renting out a home. If your mortgage is negotiated correctly, you’ll be able to cover those mortgage payments with your rental income. You might even earn a little extra month to month with the rent that’s paid.
To effectively earn as much as you can on your Phoenix real-estate, you need to buy the right property. Some of the things to look for may include:
Location; look for desirable neighborhoods with good schools.
Rent-ready homes; don’t waste money on huge rehabs.
Areas attractive to a stable pool of tenants who are interested in long-term rentals.
Great cap rates and cash on cash returns.
Contact us to talk about specifics. We provide above-and-beyond Phoenix property management.
We help investors all over Phoenix, in zip codes like 85085, 85331, 85024, 85254, and 85016.
Areas We Serve
Since 2013, HomeQwik has served property owners and investors by providing expertise in the areas of residential property management, property leasing, and real estate sales. HomeQwik has managed privately owned single family homes, town-homes, condos and apartment complexes throughout the greater Phoenix area, which covers: