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Tucson Rental Market Report February 2014

For the most part, rent rates have remained stable in the Tucson area for the past couple months. Some areas, such as the West and Northwest parts of Tucson have shown an average of $200 a month increase in rental rates - and they are also the areas that have the most number of rentals on the market as well as the longest days on market.

If you have a home you want to rent, or that is coming up for rent - it's natural thought to want to raise the rent amount.  However, it is better to keep the amount at or below market to avoid lengthy "days on market" - also known as "vacant" - especially if there are numerous homes available to potential tenants!

If you are unsure about rent pricing, it's always best to hire a property manager to help!

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

Comment balloon 4 commentsGabrielle Kamahele Rhind • March 06 2014 01:50PM

Comments

Gabrielle, 

Great news for Tucson property rentals.  Love that it is going up.  

We have been surprised and disappointed for folks who have had agents leasing their properties out too low in communities where we've just gotten higher rent results.  It makes us wonder if they do their research before relisting for lease?  

Pricing it right is always critical.  However, leaving serious money on the table should be a crime.  We leased at higher prices within 3 days with NO vacancy between a move-out and a move-in..... 

All the best, Michelle

Posted by Michelle Francis, Realtor, Buckhead Atlanta Homes for Sale & Lease (Tim Francis Realty LLC) over 4 years ago

Great advice gabi.  If it aint broke dont fix it.  Is it worth raising the rent $50 to take a chance of your tenant moving and then have 2 to 3 months of vacant time to rerent?

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Division Specialist (Keller Williams Advantage III Realty in Lake Nona) over 4 years ago

Anyone looking to rent their home in or around Tucson should call you, Gabrielle.  You are the expert.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Amazing report on the market, the stats you provide really gives a good insight to the local market. Any buyer or seller in the area would be lucky to have you.

Posted by Bruce Swedal, Denver Real Estate over 4 years ago

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