With jaw-dropping mountain views, distinct Southwestern architecture and a rich history, Tucson is an optimal city for property investors to put down capital on a single-family or multifamily property, as an extensive number of renters reside there.
Residents of Tucson can experience the old-school city flavor downtown, where famous landmarks such as Hotel Congress, St. Augustine Cathedral and the Art Deco Fox Theater---all nearly a century old---are located.
Many undergraduates lease apartments throughout the city, as the University of Arizona's main campus lies in the center of Tucson. A number of these students likely prefer to take a stroll or pedal across campus and to other locales citywide, as Tucson is well-known as a walk- and bike-friendly town.
Additionally, arts and cultural events are common in Tucson, including folk festivals and street fairs, while museums and other historical venues provide city dwellers with chances to learn more about Tucson's fascinating past.
Numerous Property Management Firms to Choose From in Tucson
Where there are rental property owners, there are property management firms. Such is the case in the Tucson area, so investors who put down capital and purchase one or more properties can identify which management team is right for them to assist them at their residences.
Utilize the services of these professionals and your property will run smoothly and efficiently, and you won't have to lift a finger. Rental property management firms are trained to take care of details small and large related to your property and tenants.
Tucson Rental Market at a Glance
Average One-Bedroom/One-Bath Rental Rate, Summer 2011: $534
Average Two-Bedroom/Two-Bath Rental Rate, Summer 2011: $774
Statistics courtesy of Pierce-Eislen
Vacancy Rate, Q4, 2010: 10.17 percent
Vacancy Rate, Q1 2011: 9.41 percent
Statistics courtesy of PICOR.
Finding Tucson Property Management Companies
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