Property Management for Arizona Investors

Property management is strongly suggested for any out-of-state property owners. For individual investors that live in the Metropolitan Phoenix, AZ area, it is a personal decision. Managing your investment properties is at least a part-time job. Many busy investors that live in the same area as their properties still choose to use a property manager.

The primary services provided by property managers include:

• Attracting, acquiring and screening prospective tenants
• Collecting and disbursing rents
• Coordinating cleaning, repairs and regular maintenance
• Performing periodic inspections
• Delivering accounting and financial reports

Different property management companies will charge varying fees that may or may not include leasing fees, maintenance reserves, and monthly percentage of gross rents. Standard rates for all property types (multifamily and single family) are 8-10% of gross rents. It is important to choose a property management company based on several factors including professionalism, responsiveness, and reputation, as well as price.

ROI Group can provide you with the contact and pricing information for several major property management firms in the Metro Phoenix, AZ area. We may also suggest smaller, local companies depending on the location of your property. Regardless of what company you choose, ROI Group is available to help you interview, audit, and select a property manager. We will also assist you in the transition of management and ownership at close of escrow, and are always available for support throughout the ownership of your property.