Find property management in Phoenix, AZ

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Specialty # of Agencies
Single House or Condo 20
Apartment Buildings 8
Home Owners Association 9
Total Local Companies 33

The average rent for a 3 bedroom house in Phoenix, AZ is $1,410.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Phoenix, AZ Rental Market Overview

Phoenix is the largest city in Arizona and the sixth most populated city in the United States. Residents and visitors to the area enjoy easy access to the Grand Canyon; a warm, dry climate; and year-round sunshine. Home to the University of Arizona and the Luke Air Force base, Phoenix's population is made up of a high proportion of students and state employees. Together with its annual influx of winter-weather refugees, aka, "snowbirds," these groups provide a large client base for Phoenix rental property owners and property management companies.

Good News for Phoenix Property Investors...and Phoenix Property Management Companies

Despite the housing collapse, Phoenix is seeing a rise in demand for rental housing. Apartment buildings are predicted to lead Phoenix area's real estate market toward recovery. With higher than average demand for rentals, property owners and property management companies have increased rent prices by 2.5% in recent months, and will continue to raise prices well into the foreseeable future, according to a March 2011 news report from the local station ABC15.

With a large number of foreclosures driving the increased demand for rental housing, property investors are turning to Phoenix property management companies to help them screen potential tenants and select the ones with the best prospects of paying their rent. Better credit scores, higher deposits, and longer leases are all becoming requirements in what is no longer a renter's market. As the result, property investors are seeing larger profits, and hiring property management companies to help them maximize their efficiency while growing their businesses.

Phoenix Rental Market at a Glance

  Phoenix MSA US
2012 Population 4.3 million 380 million
2010 Percentage of renters 33.65% 34.00%
2013 (1st Q) Rental vacancy rate 10.1% 8.4%
2013 Median house price $175,000 $185,400
2013 Median income $48,596 $51,425
2013 Median rent (3 bedroom) $1,393 $1,350

Phoenix, Arizona (population: 4,329,534) has seen a drop in its vacancy rate from 19.8% for the first quarter of 2010 to 10.1% for the beginning of 2013. Despite this drop, the median rent has remained close to its current amount of $1,363 for the last three years. The median family income is $48,596 and the median home price is $175,000.

Vacancy rates and population estimates taken from census.gov/housing

Rent data from HUD.gov

Median family income and price from CNNMoney.com

Percentage of renters reported by City-data.com

Finding Phoenix Property Management Companies

Finding the right property manager is essential to growing your business.

Use All Property Management to select from among Phoenix's best property management companies. Type your zip code into our search widget to find companies who manage properties in Phoenix---then request free quotes.

Phoenix

Arizona Property Management Law

Most Expensive Areas to Buy in Phoenix

Top Rated Phoenix School Districts

Top Single Family Managers

7227 North 16th Street, Ste 260
Phoenix, AZ 85020

Managing: Single-Family :
#1 Tenant Placement company. Home of the Tenant Warranty. No fees upfront! Flat Fee management services!
Free Quote...

2415 East Camelback Suite 700
Phoenix, AZ 85016

Managing: Single-Family :
30 Years - Property Management - Quality, Affordable, & Professional! Free Maintenance Periodic Inspections!
Free Quote...

2812 N Norwalk #103
Mesa, AZ 85215

Managing: Single-Family :
Guaranteed to rent in 2 weeks! No contracts or start up fees. 2.5 months free and 90 days money back Guarantee.
Free Quote...

Top Multi-Family Managers

2919 N. 73rd Street
Scottsdale, AZ 85251

Managing: Single-Family : Multi-Family :
First Month FREE! NO upfront/setup fees. NO fees on vacant units. We charge 8% of rent collected. Our customers love us!
Free Quote...

3420 S. Shea Blvd, Suite 161
Phoenix, AZ 85028

Managing: Single-Family : Multi-Family :
Full Service Residential Management with No Marketing Fees, Leasing Fees, or Renewal Fees...No Hidden Fees!
Free Quote...

2921 E. Fort Lowell Road , Suite 203
Tucson, AZ 85716

Managing: Single-Family : Multi-Family :
We have been managing homes in Arizona since 1981, so let us do what we do best.
Free Quote...

Top Association Managers

3514 N. Power Road , Suite 104
85215

Managing: Association :
Exceptional Professional Services With A Proactive Approach For The Future Of Your Community
Free Quote...

P.O. Box 11835
Chandler, AZ 85248

Managing: Association :
Committed to Strengthening Your Community's Future
Free Quote...

16625 S. Desert Foothills Parkway
Phoenix, AZ 85048

Managing: Association :
Big enough to serve you: Small enough to want to.
Free Quote...

Additional Phoenix, AZ Property Management Companies

4711 E Falcon Drive Ste 221
Mesa, AZ 85215

Managing: Single-Family :
Great management service that fits your budget. NO HIDDEN FEES EVER! "A Rating with BBB"
Free Quote...

Statewide, AZ

Managing: Single-Family :
Guaranteed Tenant for just $3/day. We'll find a great tenant or we replace for free, and we cover legal and court costs.
Free Quote...

8518 W Deer Valley Road #100
Peoria, AZ 85382

Managing: Single-Family :
25 years of worry free property management! No Rent No Fees!
Free Quote...

P.O. Box 56995
Phoenix, AZ 85079

Managing: Single-Family :
We will match or beat the competition!
Free Quote...

11022 N 28th Drive Ste 100
Phoenix, AZ 85029

Managing: Single-Family :
$50.00 PER MONTH MANAGEMENT FEE FOR 2016! SIGN UP NOW AND GET THE FIRST TWO MONTHS FREE!
Free Quote...

4838 E. Baseline Rd., Ste 104
Mesa, AZ 85206

Managing: Single-Family :
Quality Property Management for Quality Properties.
Free Quote...

4545 E. Shea Blvd , Suite 200
Phoenix, AZ 85028

Managing: Single-Family :
Act now to take advantage of this rate. Seventy dollars per month for the first six months with favorable rates for ongoin...
Free Quote...

7330 N 16th St - #A320
Phoenix, AZ 85020

Managing: Single-Family :
SIGN UP NOW for 2 months FREE management, Low Vacancy Rate, Reliable Team, PRICE MATCH & Tenant GUARANTEE!
Free Quote...

7840 N 31st Ave Suite 203
Phoenix, AZ 85051

Managing: Single-Family : Multi-Family :
PMI Arizona provides every service that you as a property owner may ever need.
Free Quote...

2320 W. Peoria Ave Suite C122
Phoenix, AZ 85029

Managing: Single-Family :
We make owning property profitable and enjoyable. Management Fees starting at $59!
Free Quote...

PHOENIX, AZ

Q2 2015 Rental Ranking Report

The Phoenix metropolitan area, home to Arizona State University and a wealth of high-tech and telecommunications companies, is highly regarded as one of the best cities in the Southwest in which to live, work and play. With its exceptionally warm winter that is popular with snowbirds and some of the finest golf courses in the country, it's no surprise that Phoenix continues to have an active rental real estate market. Thanks to its strong business climate, Phoenix placed on the National Federation of Independent Business' 2014 list of cities friendly to small businesses. You'll also find Phoenix on Forbes' list of the happiest cities for young professionals.

Q2 2015 Phoenix Rental Market Update

In Q2 2015, Phoenix was the second-best rental market in the Southwestern U.S. and 14th-best in the country as a whole. Since Q1 2015, Phoenix retained its second-place spot in the Rental Ranking Report's regional rankings for the Southwestern U.S. but jumped three spots in the national rankings.

It's hard to find fault in the Phoenix rental market from the perspective of a rental property owner. All the real estate statistics used to gauge housing demand - from vacancy rates to annual job growth to median age of housing inventory - indicate that demand for Phoenix housing is well above average. Annual rental price appreciation, always important for rental property owners to consider, was an impressive 5.98 percent (around 20 percent higher than the national average) in Phoenix in Q2 2015. Local property values also increased by 5.36 percent, increasing the value of Phoenix landlords' rental units at a healthy clip.

The only weakness of the Phoenix rental real estate market that the Q2 2015 Rental Ranking Report identified was its moderately low 5.85 percent capitalization rate. ("Cap rates" compare annual rents to property values and are commonly used by investors to assess the attractiveness of rental properties.) Given that Phoenix's cap rate was about 14 percent smaller than the national average in Q2 2015, prospective Phoenix rental property owners had more lucrative investment opportunities elsewhere during that time.

Q1 2015 Phoenix Rental Market Update

The Q1 2015 Rental Ranking Report ranks Phoenix as the second-best place for rental real estate investment in the Southwest and 17th out of the 75 U.S. metros evaluated in that report.

Phoenix's tax and insurance costs are among the most investor-friendly in the country, with annual home insurance premiums averaging just $691 and property taxes at less than 1 percent. What's more, Phoenix investors have strong price momentum going for them; house prices have risen by just over 7 percent, placing them 22nd out of the 75 Rental Ranking Report markets. Cap rates are 5.77 percent, which is respectable but not spectacular (the average U.S. cap rate is 7.18 percent). Job growth in the region is strong at 3.77 percent, 17th highest in the country for that metric.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Phoenix rental property?

There has never been a better time to invest in rental real estate in the Phoenix metropolitan area. Solid property value appreciation and job growth indicate that there is - and will likely continue to be - great demand for Phoenix rental housing for quarters to come.

Thinking about renting out a property in Phoenix? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.

All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.