Prescott Investment Homes: Maximizing Your Earnings
Every successful real estate investor wants their Prescott rental home to make money. Even if you’re renting out a home you once lived in yourself or you’re an accidental landlord, earning the most rent on your property is a great way to establish some financial security and maybe even think about additional investment opportunities.
At HomeQwik, our goal is to help you drive up your cash flow and increase your long-term return on investment (ROI). We know how to help you earn more and spend less on your property. Our understanding of, and experience in, the local Prescott rental market, as well as our leadership in the property management industry, allow us to give our owners a more successful investment experience.
Local Market Knowledge Leads to Accurate Rental Property Pricing
Your property’s rental value depends on a number of things, such as the home’s location, its condition, and the strength of the local market and the regional economy. The entire real estate market has an impact on what you can charge. This is frustrating to many owners; sometimes it seems like there’s nothing you can do about what you’re able to earn in rent.
We influence your rental value as much as we can. When it comes to pricing your property, we’ll use all the tools and resources at our disposal to ensure you’re earning as much as you possibly can without losing money on vacancy and turnover.
Cost-effective upgrades and updates will help you earn more in rent, so consider the recommendations we make before listing your home or during turnover periods. We focus on well-qualified tenants, too, knowing that there’s less of an eviction risk and no real chance that the property will be damaged.
At HomeQwik, we carefully watch the market. We’re always analyzing the data we receive on what’s renting and for how much. This helps us to understand the competition
All of this effort results in better earnings. Vacancy is expensive, and we want to get your home rented quickly to the best possible tenants in the shortest amount of time. So, we’ll make sure your price is competitive without leaving any money on the table.
We effectively price homes all over Prescott, Prescott Valley, Chino Valley, and in the surrounding communities.
Prepare an Exceptional Property to Attract Exceptional Tenants
Many Prescott property managers will tell you to make your home rent-ready before listing it. We think it needs to be better than rent-ready. It needs to be fantastic. A well-maintained, clean, and attractive property will grab the attention and the imagination of the market’s most qualified tenants.
We know how to make your property stand out in a crowded market. Before we take any marketing photos or create any online ads, we’ll walk through your home and look for any work that may need to be done, whether it’s a minor cosmetic upgrade or a serious repair that affects habitability. We have a responsive and talented maintenance team, ready to make your great property even better. We won’t waste time or money; we’ll do good work and we’ll do it affordably.
Once repairs are made, we’ll turn to cleaning. Good tenants will want to see shining surfaces and corners free of cobwebs. To offer the best Prescott rental property, you have to have the cleanest Prescott rental property. Our attention to detail will impress even the most discriminating tenants.
Our exceptional marketing photos and aggressive online advertising will show tenants that your property is the best on the market. We’ll handle the response and manage the showings, delivering a great tenant into a great property.
All of this leads to higher earnings and better ROI.
We manage maintenance all over Prescott, in zip codes like 86301, 86302, 86303, 86304, 86305, 86312, 86313, 86314, 86315, and 86323.
Frequently Asked Questions from Owners
Do I Really Need a Property Manager?
It depends on how experienced you are, and how much time/money you can invest while you learn. On the surface, managing a rental property seems like a pretty simple proposition. When you really get into all the ‘little’ things that can happen with a home and a tenant, and the laws that govern how you work with both, it is more than most people can handle well. That’s why very few people manage their own rental homes long term. Most people handling a rental home for the first time will end up going with a property management company, or let frustration push them out of real estate investing entirely. How much does it cost you every day to have your property sit vacant? If you don’t know, you should figure it out. Rent/30 is the cost of each vacant day while your busy life commitments push the rental to the back burner. Most people can’t afford NOT to hire a professional property manager.
Unless you have a solid background in property management, your most expensive choice will probably be to ‘save some money’ and manage the home yourself. Unless you are very good at pricing your rental, running an ad, taking calls, and negotiating a lease, it is easy to add a month or two to each vacancy. You may lease the house for less than it is worth, or settle for a tenant you can’t properly screen. Unless you are experienced with managing the tenant, it is easy to have a simple 30 day eviction turn into 60 days or more of lost income. With a regular full time job taking your time, even seasoned experts can rarely manage their own rental home efficiently enough to save money over a professional property management company. Those extra vacant months quickly cost you more than Management fees ever will.
What Types of Rental Properties Can HomeQwik Handle?
We are perfectly happy managing a wide variety of single family homes, townhomes, or condos. We specialize in middle to upper middle income single family rental homes and townhomes.
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:
Free Rental Analysis
Everything starts with getting your home on the rental market for the right price.
Our rental analysis process is detailed and accurate. The result is a property that’s priced competitively and correctly.
The experienced leasing agents at HomeQwik will provide a complimentary assessment of your home’s rental value. We know the market and we know what tenants want. We’re here to help you earn more and spend less on your investment property.
Almost a year with this company and so far the services I have received from the Equity group is exceptional. They are quick and professional with maintenance request and always fix any issue that i have had. Definitely recommend!