Property Management in Tucson?
Hi- I am making an offer on a property in Tucson. I heard it rented for $850/month. It's small, yes. But it's SUPER cool and has great amenities and is very visually appealing. RE agent thinks it can rent for $1200.
Hmmm. Big gap there.
Looking to talk to property management to find out if this is reasonable or not.
Anyone have someone, preferably that they have USED before that they highly recommend?
I'd love to hear who you recommend!
TIA
Most Popular Reply
That does seem like a big gap, however both of those rent amounts are not out of the ordinary for the Tucson market. If it has as great amenities as you said, and it’s in a desirable spot, 1200 might not be too far off of current rates.. even if it is on the smaller side. It will just depend on where the property is located, as well as neighborhood rental comps.
In addition, it’s possible that the market rents may have increased since that rental may have last been available. i.e. maybe long term tenant rented at the same rate for a few years, or the previous owner never did their due diligence and had it rented under market. I’ll send some recommendations over in a PM for you!
Bobby