HomeVestors Realizes That Phoenix Rental Property Is Seeing Rental Rate Improvements


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Real estate investors who purchase downtown Phoenix rental property will likely be able to capitalize on rental rate improvements that are seen throughout the market.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that real estate investors who invest in Phoenix rental property should understand that the area is improving in value.  Even more so, rental rates in Phoenix are finally going up, giving real estate investors a reason to purchase rental property now.  The fastest growing area in Phoenix is the downtown region, offering real estate investors with huge increases in rental rates.  If people continue moving into the city of Phoenix, expect both property values and rental rates to climb accordingly.  Ideally, take action now and purchase Phoenix rental property, as this market is set to expand.

Those who are looking to capitalize on Phoenix rental property should focus on an investment in the downtown region.  Rental rates here have increased 12.2% from a year ago and are up to a median of $1256.  This region is booming and calling real estate investors to stake their claim at this point in time.  While many real estate investors bailed out of the Phoenix market during the crash, now is the time to reevaluate this city and in turn, purchase an ideal rental property.

Real estate investors who are looking for Phoenix rental property should take a look at the Camelback region.  Rental rates are up 14.4% to a median of $1030 in this vicinity.  Since a large number of people who are moving into the area are willing to pay elevated rates, expect that rental rates will increase even higher due to increased competition levels.  Real estate investors who can purchase Camelback rental property have the potential to earn a significant increase in positive cash flow over the next couple of years.

Real estate investors who want to purchase Phoenix rental property should still be attracted to the North Scottsdale region.  Rental rates are up 7% on the year to a median value of $1073.  Those who purchase ideally located rental property in this part of the city, before even greater increases in value, should be able to capitalize.  Since North Scottsdale has always been the place to be in Phoenix metro, expect that even more people will end up calling this region home.

Real estate investors who want to capitalize on Phoenix rental property should take advantage of the downtown region, Camelback region, or the North Scottsdale region.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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