Property Management - Phoenix
City of Phoenix is the capital of the state of Arizona. It is the state's largest city with over half of the total state population living in the city. As per the U.S. Census Bureau's latest estimates, Phoenix is the sixth-largest city in the United States. In the last ten years, the metropolitan region has grown by thirty four percent, making it the eighth fastest growing metropolitan region in the nation.
Historically, the city’s economy was primarily agricultural but in the last two decades, the economy has diversified a lot because of the growing population. Being the state capital of Arizona, lot of residents of the city are state government employees. Recently, a number of technology and telecommunications companies relocated to the area.
Recently, the Phoenix housing market has gone through a housing boom. The home prices have appreciated as high as 50% in the past one year. The current median home price in Phoenix is $268,000. The strong population growth has led to rise in home prices and lots of people are forced to live in professionally managed apartments. Some of the professional management companies in Phoenix are listed below:
1. Parker Finch Management
Parker Finch Management Company manages homeowners and condo association with more than fifty units. Parker Finch Management has a team of highly trained and educated managers who undergo rigorous training programs and well versed with compliance inspection procedures and other intricacies of property management. Parker Finch Management extensively leverages technology in their operations and with professional team assigned to every community they excel in their service offerings.
2. Ogden & Company
Address: 5725 N. Scottsdale Road Suite C-100, Scottsdale, AZ 85250
Like the Parker Finch Management Company, Ogden & Company also manages homeowners and condo association with more than fifty units. Some of the services provided by Ogden & Company include:
o Community Inspection: A manager from the Ogden & Company performs inspection on a monthly basis and provides a detailed report to the property owners.
o Maintenance of common facilities of the property are performed by the Ogden & Company. This also includes securing vendors, negotiating with them and working with the tenants to plan out a convenient time for carrying out any repair work.
o Collection of rents and management of delinquent payments and tenants.
o Preparation of detailed monthly reports to inform the owners of the financial performance of the property.
Arizona law suggests that a management company with broad responsibilities regarding management of a property or management of an association may prepare legal documents that are incidental to the management of the property pursuant to Rule (c) (19). However, if a company does nothing but prepare eviction notices or notices of breach of contract for property owners, such work would not be incidental to the company’s regular course of business and would not fall within the exception established by Rule 31 (c) (19) regardless of whether such a company called itself a management company or not.
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