Rental Basics in 85085>Question Details

Ac2005, Other/Just Looking in Phoenix, AZ

How do I find out what the right rent should be for my home, I am relocating so need to rent out.?

Asked by Ac2005, Phoenix, AZ Thu Apr 30, 2009

Please share your experience with rental propeorty management agencies also, any advice will be much appreciated.

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Answers

9
Our site, http://www.greatinvestmenthomesaz.com, has a post on how to determine rental rates for your home. There are a variety of tools you can use. Plus, we have a number of articles that may help you as you pursue the landlord thing. There is no obligation, we don't hound people like rabid dogs... we developed the site, in part, to give good educational content and advice.

Although Bill Ayott is from Florida rather than Arizona, his adivce to contact property managers is good. The question is, who would you call? We are not a property managers (been there doen that), however, we know a few homest ones we could refer your way. If you want to send an email with the zip code, we'd be happy to suggest someone.

Hope this helps.
1 vote Thank Flag Link Thu Apr 30, 2009
Try the link below........they claim to have neighborhood rental facts.....might work for you.

http://www.zilpy.com/
1 vote Thank Flag Link Thu Apr 30, 2009
My recommendation is to contact a property management company. They can complete a market analysis for you to identify what comparative property in your area is renting for. You may want to consider hiring a property manager who will apply his/her expertise to marketing and managing your property. The whole process of renting your property on your own can be difficult but if you decide that is what you want to do than you might want to consider hiring a management company who will market your property and qualify a tenant for you and you simply pay a one time fee. Then you take over from there managing your own property. If you would like more information on this process please feel free to contact me. Best of luck!
1 vote Thank Flag Link Thu Apr 30, 2009
How much is the one time fee?
Flag Wed Jul 4, 2012
There is a third party service called Rent Range-it is EXTREMELY accurate and is used by Banks and Reit to establish 3rd party reports. We use this all of the time and it has never failed-in addition-it is nationwide. http://www.rentrange.com.
0 votes Thank Flag Link Thu Oct 25, 2012
Any good property management company can provide that information for you. We have clients from all over the world buy properties in the Phoenix area and, up until recently, we did not hesitate to refer clients to quality companies. When calling around, keep in mind that there have been some developments and shake-ups in the industry.

Due the the high number of investor volume in the Phoenix market, some companies have taken on more business than they can handle. While growth could be a testament to their strength and quality of service, it could also prove burdensome for your account manager. We have received feedback from past clients stating that a few companies have had issues with providing timely/quality communication and eviction action.

Although you are turning day-to-day operations over to a competent professional, keep in mind that YOU are running a business. Find out how many clients your property manager has, what services they promise, where they are located in relation to your property, what their experience is in your property's subdivision, whether they like promoting the property on the Multiple Listing Service (some companies do not like to do this), how aggressively they market your rental, and, of course, their list of fees.

Choosing your property manager is key to realizing your return on investment. Doing your due diligence will not only help you avoid costly mistakes, it will help you sleep better at night!

Best of Luck!
0 votes Thank Flag Link Wed Oct 24, 2012
Try zillow or have your realtor look at comparable properties on the MLS.
0 votes Thank Flag Link Wed Jul 4, 2012
See this HomeLovers.com page on Property Management tips for the answer - http://www.homelovers.com/property-management-questions-and-… much rent can you get for my rental home.

Also feel free to contact our rental experts at 602.792.5324 for a free, no-obligation consultation.

Best of luck!
Web Reference: http://www.home.overs.com
0 votes Thank Flag Link Tue Jun 30, 2009
So glad we could be of help to you. Good luck on your new adventure.
Web Reference: http://urbanteamaz.com
0 votes Thank Flag Link Fri May 1, 2009
Thank you so much everyone, I am glad I asked the question here. I have some reading to do now...
0 votes Thank Flag Link Fri May 1, 2009
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