Anchorage vs Nearby Cities
The real estate market in Anchorage is sometimes volatile. The median listing price may spike above $300,000 when demand for housing increases. This is due to the limited number of homes available on the market at any given time. Then there are times when the cost of homes will stagnate due to reduced demand. Most cities in this region of Alaska offer similar home prices. For instance, median listing prices tend to stay a little below $300,000 in Palmer and Wasilla. Renters can expect to pay a median rent price above $1,500 in Anchorage as well as in many surrounding cities.
Anchorage Property Managers
Property managers use their knowledge of the local real estate market and their leadership and organization skills to manage daily operations for rental properties. They are often responsible for taking care of tenants from the screening process to the collection of rent and the final property inspections. Managers may also handle evictions when necessary.
Anchorage Property Management Company Fees
Property owners and investors in Alaska can expect to pay an experienced manager around eight percent of the rent collected from their tenants. This basic management fee may go as high as 15 percent or as low as five percent, depending on the services negotiated and the demands of the property.
Alaska Landlord/Tenant Laws
- Alaska landlords may charge up to twice the monthly rental rate for the security deposit as long as the monthly rental rate is no higher than $2,000.
- Assuming that the tenant has given the landlord proper notice before vacating a rental unit, the landlord is required to return the tenant’s security deposit within 14 days.