Property Management Blog

Rent Collection Strategies in Prescott, AZ: Guaranteeing Prompt Payments

Data shows the average monthly Fair Market Rent for a two-bedroom apartment in Prescott, AZ, in 2024 is $1,403. That drops to $951 for a studio and increases to $2,273 for a four-bedroom rental. Those figures are considerably higher than the national average.So, as a Prescott lan...

Vacation Rental Cleaning Checklist: Make Your Prescott, AZ Property Spotless

It should come as no surprise that over 40 million people visit Arizona annually. The canyons, cacti, and desert hiking trails are an appealing domestic vacation option for those who want to indulge in adventure.Owning a vacation property in Prescott is a great way to make some m...

Easy Ways Commercial Property Owners Can Increase Property Value Over Time

How do successful commercial property owners turn an ordinary building into a prime real estate asset? The answer is simple: they invest in their property.They know that by making improvements, they can increase their property value.But it's not just about spending money. It&...

Property Pricing Strategies: How to Use a Rental Valuation in Prescott, AZ

Do you want to take your Prescott rental property business to the next level?Setting the right rental pricing strategy is essential for property owners anywhere. Whether you're a seasoned investor or a newcomer to the real estate scene, understanding how to use rental valuati...

4 Rental Property Marketing Tips in a Tough Prescott, AZ, Market

You've invested in a rental property in Prescott, enticed by the promise of a steady income and the appeal of this vibrant city. As you delve into the market, you find yourself confronted with stiff competition and fluctuating demand.How do you make sure your property doesn&#...

4 Effective Vacation Rental Marketing Strategies for Your Prescott, AZ, Property

Imagine waking up to the crisp morning air, with the sun gently peeking through the trees, casting a golden hue over your charming retreat.Whether it's a cozy cabin tucked away in the woods or a beautiful villa with panoramic views of the red rocks, your property offers a hav...

An Informed Investor: Real Estate Trends and Insights for Prescott, Arizona

Prescott, Arizona, is home to the state's oldest restaurant and bar, The Palace. The city is filled with quirks and history that make it an attractive place to live.Because of its rich history, Prescott is a more expensive market in the state and home to many retirees. If you...

Why Should I Hire a Commercial Property Management Company in Prescott?

If you've recently become the proud owner of a commercial property in Prescott, you might be thinking, 'How hard could it be to manage it all myself?'Well, doing it on your own can be a lot more complicated than you might think. That's why so many landlords bring ...

Why You Need Strong Lease Administration in Your Commercial Portfolio

While much of Arizona saw a big jump in commercial leasing activity after the pandemic, that activity has now slowed to a trickle. In fact, leasing is now down 12% year-on-year, as businesses scale back and offices downsize to accommodate a flexible workforce.As a commercial land...

Tips for Conducting a Successful Rental Analysis in Prescott, Arizona

With just one to two years of experience, real estate investors in Prescott, Arizona can make an annual salary of $123,726. However, there is a lot of work that goes into making your properties profitable.First, you need to find the best areas, get your funds together, and conduc...