Tucson, AZ: The Old Pueblo
With 542,629 residents, Tucson is the second-most populous city in Arizona. It also serves as the seat of Pima County. Like most of Arizona, Tucson is known for its scenic parks and natural attractions. These include the Reid Park Zoo, the Tucson Botanical Gardens, Sabino Canyon, and Saguaro National Park.
Tucson also prides itself on its vibrant arts and culture scene. The city is home to performing arts companies such as the Arizona Theatre Company, the Arizona Opera, and the Tucson Symphony Orchestra. There are also several museums in the area, like the Tucson Museum of Art, Fort Lowell Museum, the University of Arizona Museum of Art, the Arizona-Sonora Desert Museum, and the Museum of Contemporary Art, Tucson.
In addition, Tucson hosts numerous events and festivals every year. This includes the Tucson Festival of Books, the Tucson Fringe Festival, the Tucson Folk Festival, the Tucson Gem & Mineral Show, and the Fourth Avenue Street Fair. Other attractions in the city include the Pima Air & Space Museum, San Xavier del Bac Mission, Old Tucson, the Center for Creative Photography, and Arizona State Museum.
How Is Tucson’s Rental Market?
The rental market in Tucson is defined by its relatively affordable properties and high renter population. The median listing price for a home in this city is $299,000. As for tenants, 49.4% of the city’s residents rent their homes.
Image via towncharts.com
Landlords also stand to earn a decent income in Tucson. The average rent for an apartment here is $1,115. Rent has been steadily increasing, which is good news to property investors. Additionally, a bulk of apartments in the city fall between the $701 to $1,500 rental range.
Image via rentcafe.com
As for the vacancy rate in Tucson, it is comparatively higher compared to other cities. In 2019, the national vacancy rate was 5.97%, whereas the vacancy rate in Tucson was 6.54%. Still, Tucson is an ideal place for rental property owners because the laws in Arizona favor landlords more. There are a number of ways landlords can end a lease, and rent control is non-existent.
How a Tucson Property Management Company Can Help
Given the state of its rental market, it comes as no surprise that property investors find Tucson attractive. Owning a rental property, though, is wildly different from operating one. For most landlords, property management in Tucson is just too exhausting or time-consuming. There are usually too many duties to perform and too many problems that come up.
This is where a Tucson rental management company comes in. A professional management company can assist landlords with everything they need. While services can vary from one company to another, most involve the following:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
Get the Best Property Management in Tucson
Tucson is a big city, so it can be hard to find a property management company. Most of the search process nowadays is done online, and Rental Choice recognizes this need. Our online directory features reputable property management companies you can filter according to your city or state. Start looking for the best one today!