Rental home in Avondale Arizona
July 13th, 2007 by KenricI have a home available for rent in Avondale.
To see more pictures and get more information please visit my Avondale rental home website.
Update: Home has been rented
Posted in Real Estate | 9 Comments »
Stumble it!
Kenric, you got two broekn links in the pics in that page (pics 2 and 7); they have an i just before http so they say ihttp
Andres.
By Andres on Jul 13, 2007
Thanks Andres! I have fixed them.
By Kenric on Jul 13, 2007
Do you have any kind of additional insurance and / or forms the tenant has to sign because of the pool? I’m a bit leery of buying investment properties with pools because of the extra liability.
By Shaun on Jul 13, 2007
The house looks great. I can definitely NOT rent a home of this caliber in my area for the price that you charge.
My question is this home appears to be brand new, and when you rent out a brand new home are you worry about the wear and tear that the home will take. When I look for properties, I always look for an older but still somewhat decent looking property so I don’t have to worry about scratches or dents the tenant will put on the home.
By William on Jul 13, 2007
The home is 8 years old. I don’t worry about wear and tear, it happens in old and new homes. The key is finding a good tenant.
BTW, the home has been rented.
By Kenric on Jul 15, 2007
Shaun,
I have a pool addendum that the tenants have to sign. Many people rent homes with pools. I haven’t rented to families with little kids on a home with a pool yet.
By Kenric on Jul 15, 2007
I carry a commercial umbrella liability policy and the property manager has a pool addendum that is used for the pool properties. I invest primarily in older single family homes in middle class neighborhoods in the East Valley and it’s difficult to avoid pools in those neighborhoods.
I am a little surprised that you got $1,350 in Avondale, even in that subdivision. Rents are definitely on the upswing. I have a 1,600 square foot home in Goodyear that is going vacant at the end of the month. Comparable currently available homes show a rent increase is in order. The number of homes for lease in Goodyear has dropped.
By Another Investor on Jul 16, 2007
AI, I can’t figure out if you think $1350 was too low or too high.
There is definitely an increase in renters now. I fielded many calls and continue to do so. I used to have it listed at $1450 until this weekend. I actually think the rate is on the low end, but I wanted to get it rented quickly.
By Kenric on Jul 16, 2007
I would have guessed $1,250.
Tempe single family rents are up about $100 in the last 9 months for a 4/2/2g. There are 41 houses for rent with 2 or 3 car garages on the MLS for all of Tempe and it’s prime rental season. I just leased out a house in Dobson Ranch (Mesa bordering Tempe) where the rent went up $200 in two years (I did paint and flooring too). Goodyear is much slower, I may be able to raise the rent $50.
The speculators are leaving town and people are hesitant to buy. Employment is still strong, except in construction. Until the banks get realistic on their foreclosure pricing, there will not be a lot of deals for investors. All these factors should increase rents.
By Another Investor on Jul 16, 2007