Rental Climate?

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Rental Climate? (by LV [AZ]) Mar 25, 2008 4:47 PM

Rental Climate? (by Leigh [CA]) Mar 25, 2008 5:01 PM

Rental Climate? (by LV [AZ]) Mar 25, 2008 7:48 PM

Rental Climate? (by Leigh [CA]) Mar 25, 2008 10:44 PM

Rental Climate? (by LV [AZ]) Mar 26, 2008 8:03 AM

Rental Climate? (by LV [AZ]) Posted on: Mar 25, 2008 4:47 PM
Message:

State Specific Question About: ARIZONA (AZ)

Has the Phoenix rental market gotten better or worse over the past two years? My SFH rental will be vacant next month and I'm currently living in another state (military).

--207.200.xxx.xxx

Rental Climate? (by Leigh [CA]) Posted on: Mar 25, 2008 5:01 PM
Message:

LV, Vacancies are up a little in AZ, but it depends on the submarket. Where are you? --72.220.xxx.xxx

Rental Climate? (by LV [AZ]) Posted on: Mar 25, 2008 7:48 PM
Message:

The 2500 sq ft SFH is out in north Peoria--near Lake Pleasant (101 and 83rd ave.) --207.200.xxx.xx

Rental Climate? (by Leigh [CA]) Posted on: Mar 25, 2008 10:44 PM
Message:

Phoenix is going thru a rise in vacancies for the next year or so. This is because allot of forclosures are going back as rentals.

The outlying areas are hit harder altho I don't know if the lake area is more popular than other parts of Preoria.

Phoenix is a good long term investment as jobs are still growing and population still growing tho both have slowed down.

It's possible that you may have more vacancy for the next year.( or maybe not)

I would suggest putting an aggressive price on the rent and making sure you marketing is good...good pictures and maybe a website.

Also Marcus and Millichap has good reports on the Phoenix ecomomy, vacancies by submarket and rate of absorbtion. Ask for reports by Pete DeKamp....he really keeps his eye on the market month by month. --72.220.xxx.xxx

Rental Climate? (by LV [AZ]) Posted on: Mar 26, 2008 8:03 AM
Message:

Thanks, Leigh! --207.200.xxx.xx

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Rental Climate?

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