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Successful property management in Peoria,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 Peoria 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 Peoria 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.
With the largest lake in the Phoenix metro area and the Peoria Sports Complex, home to spring training for San Diego Padres and Seattle Mariners, Property Management in Peoria AZ is growing as quickly as the city itself. If you have an investment property or are looking to rent out the property you currently live in, we can handle your Peoria Property Management needs.
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