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Successful property management in Phoenix,AZ requires a lot of time, effort, experience and knowledge. Let us save you that time, effort and frustration that comes with gaining that experience.
As a full service property management company, our team is responsible for taking care of all aspects of managing your rental(s).
Our Rental Analysis Report helps landlords and us make data-informed decisions about their rental property, including rate estimates and other information so they can invest and manage investment property more wisely.
Get Optimized Rental Value for Your Property
Gain Crucial Insight Into Current Market Conditions
Determine Your Cashflow from Monthly Rental Value
Most property management phoenix companies are setup as what is called “Portfolio Based”. This means one person, your property manager, handles every aspect of your property; advertising, leasing, maintenance, communication, etc and you only have that one point of contact. That property manager does that for anywhere from 150 – 300 properties. You can imagine how hard it would be as a client to get what you need from that person.
Mosaic Property Management is setup as a “Departmental Management Company”. What that means is several different people handle your property in each person’s area of expertise. The benefits to you as the owner are immense. For example, your rental property maintenance needs are handled by our maintenance department. Day in and day out they facilitate repairs and maintenance on over 500 rental properties. That is their sole focus and are centrally located in the office. They are not unavailable due to out of the office tasks like inspections, new property setups, leasing, etc. This works out better for the owner and your tenants.
The cost of vacancy is the single highest expense to an owner. Getting your property rented quickly, with tenants who pay, is the top priority.
The average days on market for Phoenix Rental Homes is 56 Days, but with our expertise in the rental market and extensive marketing platform, we usually find your next tenant within 30 days.
Your home must be in rent ready condition to compete in this market. Tenants want to feel like you are proud to own the property. Cleanliness is top priority and the reason why every home is professionally cleaned during each vacancy. Flooring that is in good condition, fresh paint or touch up completed, along with appropriate landscaping in good condition are must haves.
Setting the correct rental rate is the most important part of getting your property rented quickly. Unfortunately, the rental market is unsympathetic to what your mortgage payment is. If you are holding out for $1400 when the rental comps are $1250, your only prolonging the inevitable, as well as losing income that you won’t be able to recoup.
Lets say market rent for your property is $1195, but you need $1400/Month. After 2 months of vacancy it rents at $1300.00/month. What will you earn over the 14 month period?
12 x $1300 = $15,600.00 divided by 14 months = $1114.29/Month!
If you had set the rental price at the market rate and rented the property at $1195/Month right away with no vacancy, you would’ve made $1129.94 MORE MONEY over the same 14 month period!
$1195.00 x 14 Months = $16730.00!
$1114.29 x 14 Months = $15600.06!
Difference = $1129.94
In this situation you would have lost $1129.94 by trying for the above market rent. When we price your home and determine the market rent, we are looking for that number that gets your property occupied as quickly as possible that results in the best return on your investment.
Typically, when one thinks of Arizona, they don’t think of Phoenix Property Management. They imagine the Grand Canyon and not much else. However, about four hours south from the Grand Canyon Village lies Phoenix, AZ, a city that has a number of notable landmarks of its own. Amongst these landmarks are the Heard Museum, the Arizona Science Center and Camelback Mountain. Each markedly different in its own way, these landmarks truly showcase how diverse Phoenix is in its art, history and culture. The Heard Museum represents a showcase of Native American culture, the Arizona Science Center offers live scientific demonstrations, hands-on exhibits and experiments for visitors of all ages, and Camelback Mountain offers a great place for hiking and camping. However, this is just the surface. There are many more landmarks to be found throughout the city, and a comprehensive list of the best ones can be found here.
Apart from being a hub of nature, culture, and art, Phoenix is also a spot where there are festivals of all sorts going on at any given moment. For example, citizens, tourists and visitors alike can enjoy Food Truck Street Food Saturdays, the Phoenix Sriracha Festival in late September and the Scottsdale ArtWalk, which takes place every Thursday of the month. For more information on festivals and other cool things to do in Phoenix, go here.
Downtown Phoenix
Downtown Phoenix is one of a few major business districts in the city. The City of Phoenix defines Downtown as the area between 7th Street and 7th Avenue, from McDowell Road on the north to Buckeye Road on the south. The area is a major center of employment for the region, with many national and international corporations housed in a variety of skyscrapers and is an equally prominent center of banking and finance in Arizona.
Regional headquarters for several major banks, including JPMorgan Chase, Wells Fargo, US Bank, Bank of America, Compass Bank and Midfirst Bank are all located within or close proximity to the area. Downtown Phoenix is a center of major league sports activities, Chase Field is home to the Arizona Diamondbacks and Talking Stick Resort Arena is home to the Phoenix Suns, Phoenix Mercury and Arizona Rattlers. Major arts and cultural institutions also call the area home, such as the Phoenix Museum of History, the Phoenix Art Museum and the Phoenix Symphony Hall.
Phoenix Travel Guide
Mosaic Property Management has been managing rental property throughout the Phoenix area for over 10 years and we’d like to take this opportunity to be your local travel guide to discover Phoenix and everything this great city has to offer. There are a few things that are absolute musts for you to do whether you are a long term resident or just visiting. Tripadvisor created a great list, Top 10 things to do in Phoenix.
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