Prescott vs Nearby Cities
Prescott is located on the outskirts of the Prescott National Forest and commands some of the highest real estate prices in this central region of Arizona. With a median home value close to $350,000, the city boasts a median home price around $450,000 much of the time. The median rental price is around $1,500, which is similar to rental prices in most surrounding cities. Buyers interested in paying less for their home can find more affordable prices in many nearby towns, including Chino Valley, Paulden and Mayer. The median home price in Mayer tends to stay below $200,000.
Prescott Property Managers
A property manager with experience typically handles marketing, accounting and property maintenance on behalf of the property owner. They can interact with renters and are responsible for maintaining a living environment that is comfortable and safe for all tenants. Most managers will also collect rental payments and initiate the eviction process when necessary.
Prescott Property Management Company Fees
While some property managers will accept a flat monthly fee, most charge a percentage of the rent collected. The average rate in most communities is around eight percent, but it can go as high as 14 percent in some cases. The amount paid is often determined by the exact services included in the contract and any special needs of the property.
Arizona Landlord/Tenant Laws
- If an Arizona landlord wants to charge a non-refundable fee of any type, they must disclose the fee and its purpose in the rental agreement.
- When a landlord gives another party the authority to act on their behalf, they must disclose the party’s name and contact information in the rental agreement.