Mesa vs Nearby Cities
The Phoenix metro area is one of the fastest growing regions of Arizona, and Mesa falls just 20 miles east of this larger city. The median listing price in Mesa typically falls around $250,000, and this is comparable to the median listing price seen in Phoenix. The median sales prices often settle closer to $200,000 in both cities, but the median home value is a bit higher in Mesa.
The real estate prices in Mesa are significantly lower than those seen in many nearby cities like Gilbert and Scottsdale. Both of these cities feature median listing prices well over $300,000. Median prices can get close to $600,000 in Scottsdale.
Mesa Property Managers
If you need help managing your rental properties but don’t want the expense of hiring an employee, a property manager working as an independent contractor is a potential solution. They can help you manage all areas of your rental business, including the difficult process of screening prospective tenants.
Mesa Property Management Company Fees
In addition to a routine management fee for standard services, a property manager may want to charge fees for completing lease renewal paperwork or advertising to attract prospective tenants. Some will also charge a vacancy fee for empty units if their management fee is based on a percentage of rent collected.
Arizona Landlord/Tenant Laws
- Arizona landlords are limited to 1.5 times the monthly rent when charging a security deposit.
- Once a tenant vacates a rental unit, the landlord has 14 days to return the security deposit with an itemized list of deductions.
- When a tenant moves out of a rental property, they have the right to attend the landlord’s final inspection of the property.