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Property management Phoenix services | Looking for professional property management? Red Hawk in Mesa is respected by both landlords and tenants.



Last Build Date: Fri, 18 Aug 2017 16:16:26 +0000

 



Phoenix Real Estate Booming: The Valley Expected To Be The #1 Housing Market In The US

Thu, 17 Aug 2017 08:32:08 +0000

The blog post Phoenix Real Estate Booming: The Valley Expected To Be The #1 Housing Market In The US was first published to: http://phoenixpropertymanagementcompany.com

Hats off to Phoenix

According to the latest Realtor.com forecast, the top housing market in this country for 2017 is Metro Phoenix.

This distinction is not only welcome news, but it's long overdue. A constant increase in sales and escalating housing prices has put buyers on alert: Act now! Another fact that increases Phoenix's healthy real estate market is that today there are fewer foreclosures than ever before.

National real estate website, Realtor.com, has already predicted a rise in Phoenix area home prices of nearly six percent with sales very likely to top seven percent by 2018.

In this unique city where the Wild West, Modern America, and Old Mexico blend smoothly together, it's not only the encouraging price increases but the fact that 2017 promises to be one of the top home sales years for the Greater Phoenix Area.

This is fantastic news for the Valley thanks to the typically more affordable home prices in the West.

Los Angeles, along with Sacramento and Riverside, California also made it into the top five list for rising home prices in the West, all with higher prices and a general lack in many of the amenities Arizona offers. Even good neighbor Tucson, at this point ninth best hosing market, can expect a real bounce in prices this year.

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Interest Rates are Rising

Unfortunately, the great news for the Arizona housing market is not without its downside: Interest rates are rising again, and of course, rising interest rates never help the real estate market.

Sales forecasts for this year are predicted by Realtor.com to drop in all areas of Arizona as higher interest rates go into effect. This applies not only to Arizona but to the entire nation.

Only a few years back, Phoenix went through a boom and bust making it more important than ever for potential buyers to keep their focus on the facts rather than pay attention to all the hype.

In 2006, when Realtor.com told that Phoenix was at the forefront in U.S. home price increases, no one cheered. This notable increase was primarily driven by buyers on a speculation spree that, as we know, turned into a dark morass of bad loans that resulted in the crash.

Experts appear to believe that the rising interest rates come from the anticipation of job growth and higher wages. Realtor.com predicts that interest rates may climb to 4.5% by next year.

Overall, most investors believe the sudden spike in interest rates over the past month results from the election jitters felt by investors.




The Elliot Road Technology Corridor Mesa, Arizona Project Overview

Mon, 17 Jul 2017 21:42:34 +0000

The following blog post The Elliot Road Technology Corridor Mesa, Arizona Project Overview was originally published to: Red Hawk Property Management Website Blog With the Silicon Desert slowly expanding into Mesa, the America’s most conservative metropolis is starting to attract the attention of technology heavyweights across the country. For instance, Mesa is already home to Apple’s 2 billion dollar global operations command center. Key Factors that Are Attracting Businesses to Mesa The business attraction can be attributed to the persistent efforts that have been put in place by the local government to further encourage economic development in the region. According to the city’s Economic Development Director Bill Jabjiniak, two things will attract technology companies and other companies—infrastructure and the efficiency of land entitlement process. Mesa’s ‘Elliot Road Technology Corridor’ today has more than enough infrastructures in place to lure any serious American company or a multinational. For instance, the city’s massive power system installation, located close to SRP’s Browning receiving station together with the 69Kv, 230kv and 500Kv transmission lines are colossal power infrastructures with a capacity to supply more than enough energy needed for industrial operations. Another factor that is attracting Silicon Valley businesses to Mesa is the ease of access to SRP’s extensive, redundant fiber network. Companies can take advantage of this massive and unused fiber network to connect with the world. Likewise, the decision by the local government to set up the Eliot Road Technology Corridor Planned Area Development Overlay, after the Mesa City Council’s unanimous approval in September 2014, has slashed entitlement time in the corridor by up to nearly 80%. This is something that investors cannot ignore. The overlay extends across areas directly north of Elliot Road from Signal Butte to Hawes Roads. Apple’s Significant Impact on the Elliot Road Technology Corridor Project The corridor already has secured Apple, who decided to continue their presence in Mesa, after their contractor—GT Advanced Technologies, filed for bankruptcy, jeopardizing the future of the former First Solar facility it occupied at Ellsworth and Elliot Roads. Although the bankruptcy petition by GT Advanced Technologies was considered a blow to the city’s economic development plans, it was not a fatal one. [caption id="attachment_2704" align="alignright" width="537"] Apple Inc. will be a major player in the Mesa, Arizona economy.[/caption] For the Mesa local government, staying the course to accomplish the desired economic development goals has not been so easy, especially with so many hiccups along the way. The entry of Apple in 2015, who injected 2 billion dollars into the economy, provided the much-needed bailout to Mesa’s fragile economic development project. According to Christine Zielonka who is the director of Mesa Development Services, one reason the technology heavyweight chose to stay on, following their contractor’s exit was the ease of doing business with the city. The presence of the world’s leading technology gadgets manufacturer has been a major boost for the local government’s efforts to promote the Elliot Road Technology Corridor project as it has shown a spotlight on Mesa and given the city a chance to market its amenities not only to American companies but also to other companies around the globe. Apple’s Presence Alone Is Not Enough for the Project to Pan Out Even though Apple’s presence is promoting the Elliot Road Technology Corridor project the best way it can, much of the project still does not resemble Silicon Valley as the area still consists of so many undeveloped plots of land. The only way Mesa can fully realize the full potential provided by the overlay as well as the existing amenities is if the local authorities come up with several in-development and planned projects that yield results. The presence of Apple alone is not enough for the city to acc[...]



Boeing To Relocate Jobs To Mesa, Arizona

Thu, 13 Jul 2017 21:39:29 +0000

Boeing To Relocate Jobs To Mesa, Arizona was originally published on: http://www.phoenixpropertymanagementcompany.com/

Boeing executives have announced plans to relocate hundreds of workers and jobs in their Shared Services Group from Seattle, Washington to Mesa, Arizona within the next two to three years. The division comprises 8,000 workers and provides support services to the other Boeing

[caption id="attachment_2699" align="alignright" width="300"](image) Mesa's Falcon Field Airport is the relocation zone for many of the Boeing empoloyees.[/caption]

units. Boeing (NYSE: BA) already manufactures Apache helicopters and has cyber security and drone operations at Mesa’s Falcon Field.

In a statement to defend the move, a Boeing official had these to say:
“This move will ensure that we are properly structured and positioned to provide the right services most effectively to help Boeing grow its business. The steps include efficiencies gained from automation, adjustments of the management structures, and the consolidation and the relocation of some of the work that supports enterprise-wide services over the next few years to Mesa, Arizona, and other Boeing sites.”

Boeing management had these more to say:

“We have just started engaging our employees in talks to help them understand the process and obtain their feedback as regards the issue. We know that such changes impact our employees and have thus chosen to speak to them directly this early to grant them the opportunity to consider their most appropriate path as we work through this. We are still at the beginning of the process that is expected to take around two to three years, and as such, we are still unaware of the number of persons who will be directly impacted and in what way(s).”




Should You Self Property Manage Or Put Up With A Property Manager Fee?

Mon, 10 Jul 2017 01:30:06 +0000

The following post Should You Self Property Manage Or Put Up With A Property Manager Fee? is courtesy of: http://www.phoenixpropertymanagementcompany.com Most property owners are often faced with the question if it is cheaper to manage their property or whether leaving property managers to do it is a better option. While some consider managing their property so as to escape the extra fee of hiring property managers, it is worth that you know it is not all about the charge but what the fee has to do with the services. Hence to get the answer to the question as stated earlier, you need to consider all the factors that make you hire the property manager, such as the value of your time and get to see if the services provided by your manager are much more worth that the fees charged. According to research, most property owners are on the move to hire property managers. There is an increase in the number of landlords who prefer to have property managers manage their rentals while there is a decrease in the number of those who manage their property. I believe you are now wondering why such a trend and why opt to hire a property manager while you can do it for free. The reason behind this is simple. No one would consider going for an expensive option while you can get a cheaper option, which means that hiring a property manager is cheaper as compared to managing your property. However, how can this be true while you will pay a property manager and you don't need to incur any fee by managing your property? Let's have a discussion and discover why a property manager is worth your consideration. Time is money Managing your property when that isn't your full-time job will take much of your time, not to mention that you will probably have to spend much of your valuable time dealing with tenants. This is likely going to make you lose much money especially if you have to leave your business to deal with your rental property residents' issues. This can worsen if your rentals are too far from your residence or business area. However, no matter the situation you are in, you cannot forsake your tenants as this may just make you lose another income source which means that you will probably have to go out of your business for some time. Such situations will make you make losses on your business especially if you need to deal with your tenants frequently. To avoid losing your valuable time you should consider delegating some duties, the most convenient which is leaving property managers to oversee your property. Knowledge of the law Did you know that there are rules set for a property owner to abide by? Failure to comply with such codes will only lead to costly pitfalls. Being a property owner who has more valuable things to deal with, you probably will not have the time to research on such rules and regulations. Besides, keeping up to date with changes to such codes can be hard, which can cause you to deal with costly legal charges or even the loss of your property. To ensure that your property and every undertaking related to it is compliant with the law, hiring property managers is a good step to take as you can have the assurance that you will not fall in the illegal arms of the law. The reason behind this is that property managers keep track of the rules and regulations supposed to guide property owners, thereby ensuring that your rentals meet the required requirements. src="https://www.youtube.com/embed/xXedV-BK0uk" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"> Offsetting tax Despite the fact that you ought to pay the fee arising after hiring a property manager, you can still raise your tax benefits. This results when the management fee is counteracted against your tax. While there are several advantages of paying the extra fee and having experts manage your property, the choice on whether to incur the fee or to manage your property ultimately depends on you. Make sure that you weigh the benefits of hiring property managers t[...]



Do It Yourself Vs. Professional Property Management Companies

Thu, 06 Jul 2017 01:30:06 +0000

Do It Yourself Vs. Professional Property Management Companies was first published on: Red Hawk Property Management Blog Property owners are often faced with several challenges, the major of which is making the decision on whether to take charge of their rental properties or whether to leave their management to a property management company. While each of the options has its pros and cons, professional property management companies have more advantage over owners due to their great experience. Keep reading and discover why property managers are a better option taking charge of your rental property's management. Understanding state and federal regulations Let's face it. You as a property owner cannot follow up on the legal requirement as compared to professional property managers who deal with rental properties on a daily basis. Even though you will have some idea concerning the local rules, the fact is that you will hardly stay up to date. Failure to follow the required regulations can place you at a danger of violating the law thereby endangering your property finances and yourself. By leaving property managers to take charge of your rentals, you can rest assured to have no issues with the law as a result of your property not staying on par with the necessary current codes. Handling the renting process Did you know that the rental process can be quite cumbersome but you ought to pass through it? Once your rental property is ready for occupation, you need to get potential tenants. This involves establishing a budget to advertise your  rentals and getting to the real advertisement of your property which involves placing of rental ads. Once prospective renters show up, you need to deal with all information required from them to enable you to screen for the right tenants. You should get their employment information, personal references, previous address, background information, all of which can take much of your time. Besides, you should always avail yourself when these prospective clients need to issue their documents. If you are in full-time employment, you will end up loosing many potential tenants as you might not be available when they need you. To stay safe, a property manager is better off taking charge of your property. After all, they are familiar with the rental process aspects. Screening and selecting the best tenants You do not want to involve your property with renters who will always give you a headache. However, failure to properly screen your tenants will just cause you to have stubborn renters. Without the experience and knowledge to distinguish those who give you true information versus those who lie, you will likely end up giving your rentals to untrustworthy persons. Besides, if you rush to pick tenants due to lack of enough time to screen all of them, you will also fall into the trap of accepting renters who will give you problems. Property managers can guarantee to give you the best tenants. They have the experience and knowledge to determine genuine residents after the interviewing process, therefore, giving you the guarantee of only getting the best renters. Establishing rental rates The amount of rent set for your property determines whether you will be successful to get the number of tenants you want for your rentals. Setting a price that is unrealistic only discourages residents from renting your property. After all, they consider apartments where they can save. In as much as you may have a value in mind of the price to set for your property, this amount may be unrealistic as compared to the market value. Property managers can set realistic rental rates for you, as they can access the current rental data to help establish the appropriate rates for your property. Handling rent collection Rent collection is something that you will have to deal with monthly. Despite the screening process as mentioned earlier, you will probably come across some tenants who pay late due to financial constrain[...]