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Located in Maricopa County, Chandler has an estimated population of 261,165 residents. The city is known for its economy centered mainly around technology. In fact, computer chip manufacturer Intel has four locations in Chandler alone and is the city’s top employer.
Culturally, Chandler is very rich. The city hosts the annual Ostrich Festival, which celebrates the many ostrich farms that once called the city home. There are also a handful of cultural attractions in Chandler, including the Chandler Center for the Arts, the Vision Gallery, the Arizona Railway Museum, and the Holocaust and Tolerance Museum.
Chandler also has excellent weather, a diverse population, highly rated public schools, and good job opportunities. Apart from that, residents enjoy the city’s hopping nightlife scene, a plethora of outdoor activities, and a decent commute.
The housing market in Chandler is on the expensive side. The median listing price for a home in this city is $317,100, which is 39% higher than the national median. Despite this, most of the residents in Chandler own their homes. However, that does not mean the city’s rental market does not offer much. Chandler still has a decent renter population, with 35.1% of its residents being renters.
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Although the pool of renters in Chandler is smaller compared to some cities, the rent is much higher. In fact, the average rent in this Arizona city is $1,739, which represents a 26% year-over-year change. A vast majority of apartments in Chandler charge a rate above $1,501, with 15% of apartments going beyond $2,000.
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Furthermore, Arizona is a favorable place for landlords. Most of the state’s landlord-tenant laws are landlord-friendly. The state allows landlords to terminate leases in several ways, making the eviction process much easier.
When it comes to rental management, purchasing the property is just the beginning. Property investors must then become landlords and carry out numerous tasks. This includes finding tenants, managing tenant complaints, overseeing maintenance, enforcing lease terms, collecting rent, and more. Plus, landlords have to deal with problem tenants, too.
Due to the heavy workload, it makes sense for landlords to just outsource the job to a Chandler rental management company. Professional managers can take over most of the duties of a landlord. Meanwhile, you can just sit back and wait for your rental income to start coming in.
Not everyone needs a rental property management company. However, if any of these situations apply to you, it is time to get professional assistance:
Rental Choice makes it easy for landlords to find the best property management in Chandler. Our online directory consists of thoroughly vetted and reliable rental management companies. Search for one by city or state, learn more about each company, and contact them using the information we conveniently provide.